Vietnam Property Fund Limited, VPF
VPF is a closed-end property investment fund listed on the Irish Stock Exchange. The fund is managed by Dragon Capital Management Limited. The fund undertakes investments in Vietnam's real estate sector via the securities of real estate companies, and through specially created holding structures in the real estate projects across all sectors including office, residential for lease, residential for sale, industrial, retail and hotels/resorts.
|Bid US$0.58||Offer US$0.65||Updated 25/07/2016||NAV US$0.91||As at 30/06/2016|
Vietnam is one of the world's most dynamic real estate markets.
VPF's investment focus will be to originate opportunities for
investment across all sectors and geographies of the real estate
market. VPF is designed to adapt to the evolving nature of the
market. Investments will be geared toward minority positions in
real estate projects and companies. However, VPF will not exclude
investments where it will have sole or primary responsibility for
managing an investment asset. VPF expects to focus capital
deployment into real estate projects, but will also consider
strategic investments into real estate companies.
VPF will seek to capitalise on the Investment Manager's real
estate experience in Vietnam of over 15 years, and its resulting
knowledge of Vietnam's business environment.
For further information relating to VPF please contact email@example.com.
||Cayman registered closed-end fund
||11 April 2008
||US$77.27m (as at 30 June 2016)
|Term of Fund
||20% of NAV in any one specific investment
||Real Estate - Vietnam
||Dublin, Irish Stock Exchange
||A minimum of 80% of assets to be investment in
Vietnam, with the Company to consider investment opportunities in
Laos, Cambodia and China.
||Vietnam Property Fund Limited is an exempt company
incorporated under the laws of the Cayman Islands registered with
the Cayman companies register under number WK197241.
||Maples Corporate Services Limited
PO Box 309, Ugland House
Grand Cayman, KY1-1104
|Annual Management Fee
||2% of NAV (Monthly)
||20% of the increase in annual NAV over a hurdle
rate of 8% with a high water mark
|Directors of Fund
||Andrew Legge, Alastair Orr Ewing, Simon Landy,
Laurence Hayes, Gregory Djerejian
|Administrator & Custodian
||Standard Chartered Bank
||McCann FitzGerald Listing Services Limited
|Legal Advisor (Cayman Islands)
||Maples and Calder
|Legal Advisor (UK & Vietnam)
||Freshfields Brukhaus Deringer
|Company Secretary & Registrar
|Maples Secretaries (Cayman) Limited