Pacific Place Office Complex in Hanoi Opens

Pacific Place, a modern high rise in central Hanoi offering multi-purpose facilities including 170 luxury flats, 20,000 sq.m for use of high ranking officials, 2,000 sq.m of shopping areas and restaurants, and five basement garages, was officially opened May 4, 2007

According to Francois Mainier, Chief Executive Officer of IMO, Pacific Place administrator, “Great demand for high-ranking official blocks is the reason we are here, providing a good service guaranty for potential investors in this developing market.” He added that trade and official areas in the building had all been registered for lease before opening day.

Beside high-rating brands such as Longines, Lacoste, Nine West, Valentino, and Bang & Olufsen on the leasing registry in Pacific Place, other customers include leading companies IBM and GE, as well as embassy heads. The building’s flats will be opened in mid May.

Jacques de Chateauvieux, Chairman of Bourbon Group and Chairman of managing board of Jaccar Capital, project investor, said the Pacific Place opening ceremony will set the tone for other investment projects in Vietnam of Bourbon Group, represented by main stockholder Jaccar Capital. Since 1995, Bourbon Group has invested US$ 300 million into sugar production, supermarkets and logistics. Recently, Jaccar Capital, as main stockholder of Bourbon Group, has established Jaccar Capital Fund to invest in more projects in Vietnam.