BW and ESR convert 40,000 sqm ready-built warehouse into COVID-19 field treatment centre

BINH DUONG / HONG KONG, 30 July 2021 – BW Industrial Development Joint Stock Company (“BW”) and ESR Cayman Limited (“ESR”; SEHK Stock Code: 1821) recently accelerated the completion of a 40,000 sqm facility in the My Phuoc 4 Industrial Park which will serve as a makeshift treatment centre in response to the evolving COVID-19 pandemic.

In close alliance with the People’s Committee of Binh Duong, where the facility is located, BW and its joint venture partner, ESR, installed electricity, water, and toilet facilities to ensure a safe and seamless experience.

Mr. Duong Chi Nam, Deputy Head of the Health Ministry’s Health Environment Management Agency, shared: “Binh Duong Field Treatment Centre No.2, as the facility will be known, will be equipped with a few hundred of the 5,000 beds with ventilators and staffed by medical workers and associates.”

BW is Vietnam’s leading logistics and industrial real estate developer and operator with close ties to communities across the country. This most recent undertaking is part of the company’s five-year environmental, social, and governance (ESG) strategic plan which aims to provide sustainable property in response to customer needs, while supporting well-being, diversity, gender equality, and clean, affordable energy.

Earlier this month, BW donated VND1 billion to the Vietnam Fatherland Front Committee of Binh Duong Province in response to a call for public donations to buy vaccines. The company’s CEO, Lance Li, said: “An important element of our corporate culture is giving back to the communities in which we operate. As BW continues its growth trajectory, together with Becamex, we are committed to joining hands with the country in the fight against COVID-19.”

As the largest APAC-focused logistics real estate platform and strategic partner to BW, ESR forges meaningful connections with the Southeast Asian nations in which it is active.

“Vietnam is a key market for ESR’s strategy, and we are honoured to act together with BW in support of the country, particularly Binh Duong,” said Dr. Michael de Jong-Douglas, Senior Managing Director of ESR.

Strategically located to the north of Ho Chi Minh City in the Binh Duong market, a leading industrial development hub in southern Vietnam, the My Phuoc 4 Industrial Park will consist of approximately 240,000 sqm of logistics and light industrial facilities.

Benefiting from a prime location with excellent motorway access and connectivity to densely populated areas, including major industrial clusters, ports, and airports, the Park will cater to various local and international tenants.

Upon completion of the project in August 2021, ESR will work with BW to lease the My Phuoc 4 Industrial Park, leveraging its robust roster of customer relationships.