The Funding Partners Invests in PPCC
PHNOM PENH, Cambodia, May 21, 2018 (Newswire.com) - Cambodia’s Phnom Penh City Center (PPCC), also known as the Pearl of Cambodia, is a mixed-use project that includes the capital’s first and only Central Business District.
The Funding Partners, a global Agri-tech firm focusing on South-east Asia’s agricultural industry, has chosen PPCC to house its regional headquarters due to strategic factors such as the country’s geographic proximity to their business units and competitive economic value, as well as the significant returns specifically from the potential appreciation of office space acquisitions in PPCC.
The 111.6-hectare development is located in the center of the city. The development was conceptualized to transform Phnom Penh’s city landscape into a modern, sustainable, commercial and leisure hub with world-class facilities purpose-built for both local and overseas businesses and investors.
Through the creation of new facilities and spaces, the development will create opportunities for the growth of commerce, culture, arts, and sports in the Phnom Penh City Center. By 2025, the new PPCC district will be home to over 56,000 residents and more than 190,000 daily visitors.
The development has won multiple awards at the recent second annual PropertyGuru Cambodia Property Awards on March 24taking home the honours in three of the five categories it entered.
PPCC won the awards for Best Residential Architectural Design for Residence90, Best Retail Architectural Design for The EDGE, and Best Office Development for The Vanguard. It was also highly commended in the Best Housing Development and Best Retail Development categories.
Various conglomerates have reserved allocated office space as they look to shift their head offices to PPCC. These include the National Bank of Cambodia, Angkor Airways, Cambrew Brewery, and Starbucks. A significant number of leading banking institutions, multinational corporate headquarters, international brands and key business operations are also expected to call PPCC home by 2020.
Jim Edwards, CEO of The Funding Partners commented, “TFP is focused on extracting value in all areas that the firm is involved in, we have been monitoring the Cambodian real estate market for a while now and we are confident in achieving tremendous value for our office space acquisitions within a very short time.”
He continued, “As our core agriculture asset businesses continue to thrive, TFP will naturally begin venturing into numerous complementing low-risk industries such as agriculture banking services and real estate.”
The Funding Partners has recently announced their intention to acquire an additional significant amount of office space from PPCC over the coming months as they diversify their investments into Cambodian real estate assets.
Source: The Funding Partners
Categories: Business Technology