40,000 sqm ready-built warehouse converted into Covid-19 field treatment centre

BW Industrial Development JSC (BW) and partner ESR Cayman Limited (ESR) recently accelerated the completion of a 40,000-square-metre facility in My Phuoc 4 Industrial Park which will serve as a makeshift Covid-19 treatment centre.

In alliance with the People’s Committee of Binh Duong, BW and its joint venture partner ESR have equipped the warehouse with electricity, water, and sanitary facilities to ensure a safe and seamless experience.

Duong Chi Nam, deputy head of the Health Ministry’s Health Environment Management Agency, said 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.

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, we are committed to joining hands with the country in the fight against Covid-19.”

“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 Michael de Jong-Douglas, senior managing director of ESR.

ESR is the largest APAC-focused logistics real estate platform and strategic partner to BW.

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

Benefitting 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 on its robust roster of customer relationships.

Founded by Warburg Pincus, a leading global private equity firm, and Becamex, a leading industrial infrastructure developer in Vietnam, BW is Vietnam’s largest and fastest-growing logistics and industrial real estate developer with over 5 million square metres of prime industrial land and over 26 projects spread across 20 prime economic locations.

BW has been focused on developing light industrial and modern warehouses to capture the outsized manufacturing growth, increasing domestic consumption, and rapid growth in e-commerce. BW has secured equity commitments in excess of $500 million from its shareholders and has formed strategic partnerships with key e-commerce and logistics customers to serve one of the fastest-growing markets in Asia.

For more information about BW Industrial, visit: https://bwindustrial.com/