Vietnamese real estate developer PPC An Thinh Danang Joint Stock Company (PPCAT) has launched the implementation of its five-star hotel and luxury apartment complex project “Anh Duong-Soleil Danang”.
The project has the total capital value of approximately VND10 trillion ($446.6 million). Vietnam Bank for Industry and Trade (VietinBank) took on the mantle of sponsor in providing credit for the project as well as benefit guarantees for customers.
The project is divided into two phases. The first phase’s construction is expected to start in March and complete within 17 months, while the project’s construction is expected within three and four years.
Covering an area of 170,000 square metres, the Anh Duong-Soleil Danang complex will be an impressive complex of three 47-storey apartment blocks with about 1,000 apartments and a 58-storey hotel designed with the principle of maximizing the sea view for each room.
Guaranteeing residents and visitors’ full comfort, it combines a commercial centre, a SPA, a gym, restaurants, pools, and a variety of other amenities.
Being conveniently located in Danang, a city named as the most liveable city in Vietnam, Anh Duong-Soleil Danang lies between Pham Van Dong, Vo Nguyen Giap, and Hoang Sa-Truong Sa coastal roads. Specifically, the complex is only about 100 metres from My Khe beach-one of the six most breath taking beaches on earth, in front of East Sea Park’s vast premises usually used to hold the city’s important events and gatherings.
“The highlights of the project are green architecture, open spaces, as well as a humbling proximity of humans and nature. Besides, PPCAT cooperates with the world’s top designers: Aedas, French project managers Artelia, Singaporean utility structures from TyLin, and Vietnamese construction unit Coteccons, all to bring the highest quality for residents and visitors,” said Nguyen Khang Chien, chairman of PPCAT’s board of directors.
Established in February 1996, PPCAT operates in real estate business, specialising in the construction of industrial projects, hotels, residential areas in Hanoi and the northern provinces. PPCAT is currently expanding its operations in constructing infrastructure systems of industrial parks, golf courses, as well as other sectors namely production, trade and services and financial investment.
PPCAT is the developer of numerous projects namely An Thinh Hotel in Hanoi, An Viet and Phuc Tien golf courses in Hoa Binh province, Gia Khai and Ban Long golf courses in Vinh Phuc province, Yen Quang and Binh Xuyen industrial parks in Vinh Phuc.
By Kim Oanh
The article "$446.6 million addition to Danang tourism scene" was originally published on http://www.vir.com.vn/4466-million-addition-to-danang-tourism-scene.html