Dutch group to build shopping centre

Dutch property conglomerate, the EEC Group, on March 10 announced the launch of Promenada @ Canary, a massive new shopping and entertainment complex in the southern province of Binh Duong.

The 82,000sq.m complex, located in front of the Vietnam-Singapore Industrial Park in Thuan An District, some 17km from downtown HCM City, is a joint venture between ECC and Guocoland Vietnam, a real estate developer from Singapore.

ECC Group will contribute 80 percent and Guocoland the remaining 20 percent of the joint venture’s registered capital of US$33 million.

Promenada @ Canary says that it will offer an innovative mix of international and local fashion, foods and beverages, as well as leisure and entertainment services.

The project’s first phase is expected to be completed by the 3rd quarter of 2011 and the second phase, in late 2012.

Construction is scheduled to start in the second half of 2009 and will provide thousands of jobs for local workers. When completed, Promenada @ Canary will employ 3,000 local workers.

VNS, VOV

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