VinaCapital wins Asian property awards

VinaCapital, an asset management and real estate development group, says its Ocean Villas luxury residential villas project underway in the central coast city of Danang has won two categories in the 2011 Asia Pacific Property Awards.

The group says the category of ‘Best Golf Development’ award recognized the Ocean Villas as an integrated beachfront golf course development.

Meanwhile the other category of ‘Best Marketing’ award is given for the launch of the VinaLiving residential brand, and the Ocean Villas was the first VinaLiving project to reach the market.

The 21-hectare villas project has 115 housing units and is part of the 260-hectare Danang Beach Resort project, which includes an 18-hole Dunes Golf Course designed by golf legend Greg Norman.

The presentation of the awards will be held in Shanghai on May 30 and 31, and later this year, top scoring winners from the Asia Pacific Property Awards will compete against other winning companies from Europe, Africa, the Americas and Arabia to find the world’s best in each category.

The fund manager last week announced the appointment of new members to its board of directors and advisory committee.

Terence Mahony has succeeded Horst F. Geicke as chairman of the group and Pham Phu Ngoc Trai has been appointed to the post of co-chairman of the group’s advisory committee.

Meanwhile Stephen O’Grady has resigned from VinaCapital after nearly five years working as a managing director of the company’s hospitality division.

In related news, the fund manager said it saw a strong business performance in the first quarter of this year with a total of 264 sale and purchase and capital contribution contracts being signed, with a value of nearly US$21 million.

VinaCapital says the sales figure for this year’s first quarter was higher than the US$7.4 million in sales recorded during the same period in 2010.  - Saigon Times

Posted by VBN on May 4 2011. Filed under Real Estate. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry