23 January 2023

Warehouse Development Projects in Central Vietnam
Development of Sembcorp Logistics Park (Quang Ngai) andSembcorp Logistics Park (Nghe An) Begins(Construction of 6 warehouses with a total lease area of approx. 70,000 m2)
Hankyu Hanshin Properties Corp. (Head Office: Kita-ku, Osaka; President: Morotomi Ryuichi) and CRE,Inc. (Head Office: Minato-ku, Tokyo; President: Kameyama Tadahide) have invested in Sembcorp Infra
Services Pte. Ltd. (SIS), together with Singapore-based Sembcorp Development Ltd. (SCD)*, to develop,
own and operate warehouses in northern Vietnam.
Subsequently, during the Groundbreaking Ceremony in VSIP Quang Ngai, SIS announced its investment
in Sembcorp Logistics Park (Quang Ngai) in VSIP Quang Ngai and Sembcorp Logistics Park (Nghe An)
in VSIP Nghe An, comprising 6 warehouses with a total leasable area of approximately 70,000 m2.
Both projects are expected to be completed by the last quarter of 2023. Upon completion, SIS-operated
warehouses will comprise up to 10 buildings with a total leasable area of approximately 130,000 m2 innorthern Vietnam, including 4 buildings (3 buildings in VSIP Hai Phong in Hai Phong City and 1 buildingin VSIP Hai Duong in Hai Duong Province）.
※The company has nearly 30 years of experience in developing industrial parks in Asia. It is a subsidiary of Sembcorp
Industries Ltd. which is a group company of Temasek Holdings, an international investment company owned by theSingapore government. Temasek Holdings also invests in a wide range of businesses including finance,
telecommunications, media, technology, transportation, real estate, energy, and natural resources.

◆Project Overview【Project Name】 Sembcorp Logistics Park (Quang Ngai)【 S i t e A r e a 】 Approx. 60,100 m2【Building Structure】 Single-storey【Number of Building】 3【Net Leasable Area】 Approx. 33,600 m2【Commencement Date】 2 December 2022
【Completion Date】 Last quarter of 2023

Panoramic perspective

Artist’s impression of interior perspective

【Project Name】 Sembcorp Logistics Park (Nghe An)【 S i t e A r e a 】 Approx. 68,200 m2【Building Structure】 Single-storey【Number of Building】 3【Net Leasable Area】 Approx. 39,400 m2【Commencement Date】 2 December 2022
【Completion Date】 Last quarter of 2023
Scheduled Completion] Winter 2023

Panoramic perspective

Exterior perspective◆Locations of the Projects
Sembcorp Logistics Park (Quang Ngai) has excellent access to Danang Port and Danang Airport, while
Sembcorp Logistics Park (Nghe An) has excellent access to Cua Lo Port and Vinh Airport. As these ports
and airports are import/export hubs for central Vietnam as shown in the diagrams below, each project has
great advantages as regional logistics hubs. In addition, Sembcorp Logistics Park (Nghe An) will havesignificantly improved access to central Hanoi once the ongoing construction to extend the expressway
between Hanoi City and Nghe An Province is completed（scheduled for 2024）. The expressway will furtherenhance its attractiveness as a logistics hub. Furthermore, both VSIP Quang Ngai Industrial Park and VSIP
Nghe An Industrial Park, where the respective projects are located, are being developed with the supportof the Vietnamese and Singaporean governments. They are highly regarded for their high-quality customer
service, as well as for to their excellent facilities and hardware.

Mapdate @2022 Google◆ List of Completed Projects

Property Name

Location

Sembcorp Logistics Park A(Hai Phong ) Block1
Sembcorp Logistics Park A(Hai Phong ) Block2
Sembcorp Logistics Park B(Hai Phong ) Block1
Sembcorp Logistics Park
(Hai Duong ) Block1

Number

Netof

Leasable

Building

Area

Hai PhongCity,

1VietnamHai PhongCity,

1VietnamHai PhongCity,

1VietnamHai Duong
Province,1

Vietnam

Building

Completion

Structure

Date

Approx.

Single-15,000 ㎡

storeyApprox.

Single-14,300 ㎡

storeyApprox.

Single-13,200 ㎡

storeyApprox.

Single-13,200 ㎡

storeyJuly 2015

September 2017

April 2020

April 2022

◆Hankyu Hanshin Properties Corp.
【Representative】

Morotomi Ryuichi【Paid-in Capital】

12.4 billion Japanese yen【 R e v e n u e 】 123.3 billion Japanese yen (as of end of March 2022)【Lines of Business】

Leasing of office and commercial facilities, real estate development,
area management, real estate funds, sales of condominium/landed
properties/residential land lots, brokerage, refurbishment, rental management,
land use optimization and others.

【Number of Employees】 Approx. 870 (as of 15 September 2022)◆CRE, Inc.
【Company Name】

CRE, Inc.

【Head Office】 Toranomon Twin Bldg., East Tower 19F, 2-10-1, Toranomon, Minato-ku,
Tokyo 105-0001, Japan【Representative】

Kameyama Tadahide【Paid-in Capital】

5.2 billion Japanese yen【 R e v e n u e 】 62.7 billion Japanese yen on a consolidated basis (as of July 2022)【Lines of Business】

Logistics facility leasing, property management, development, intermediation andinvestment advice.

【Number of Employees】

313 on a consolidated basis (as of 31 October 2022)◆Sembcorp Development Ltd.
【Company Name】

Sembcorp Development Ltd.

【Head Office】 30 Hill Street #03-01 Singapore 179360【Representative】Teo Ban Seng

【Paid-in Capital】

231.8 million SG dollars【Lines of Business】

Urban Development【Number of Employees】

61 (as of 31 Dec 2022)◆Sembcorp Infra Services Pte. Ltd.
【Company Name】

Sembcorp Infra Services Pte. Ltd.

【Head Office】 30 Hill Street #03-01 Singapore 179360【Representative】

Teo Ban Seng

【Paid-in Capital】

39.1 million US dollars【Lines of Business】

Investment in logistics real estate business(Note): News Releases in Japanese are treated as the official releases.