HOANG QUAN GROUP SUCCESSFULLY HELD GROUNDBREAKING CEREMONY OF HQC TACOMA PROJECT- STATE OF WASHINGTON, USA

(06/11/2017) - (HQC) - On October 20th and October 25th, 2017, Hoang Quan Education Investment Company Limited-USA (HQC USA LLC - a member of Hoang Quan Group - HoSE: HQC) successfully held groundbreaking ceremony of HQC Tacoma project, located on Tacoma Ave S, in Tacoma city, Washington state, USA. HQC Tacoma Hailey project is developed under the model of long-term rental housing and is the first social housing project of Vietnam invested in the US.
Attending the Groundbreaking Ceremony of HQC Tacoma Project, on the Vietnamese side, Hoang Quan Group was honored to welcome the leaders of the Central Committee:

Mr. Vu Bang - Member of the Government Advisory Group - Former Chairman of the State Securities Commission.

Mr Tran Van Dung – Chairman of the State Securities Commission.

Mr Vu Van Phan - Deputy Director of Housing Management and Real Estate Market Department, Ministry of Construction

Mr Nguyen Quoc Dung - Deputy Director of Organization and Personnel Department, State Securities Commission

Mr Do Anh Vu - Deputy Chief of Office, State Securities Commission.

For leaders of the Association, provinces, and departments including:

Mr Nguyen Tran Nam - Former Vice Minister of Construction - President of Vietnam Real Estate Association.

Mr Do Viet Chien – General Secretary of the Vietnam Real Estate Association.

Mrs Duong Kim Dung – External Relations Manager of the Vietnam Real Estate Association.

Mr Tran Hai Dang – Officer of General Economic Security Department, General Department of Security, Ministry of Public Security.

Mr Tran Dinh Quy – Chairman of Khanh Hoa Broker Association.

Mr Truong Van Ngon – Director of Tay Ninh Province Construction Department.

Mr Xa Duong Thang – Director of Binh Thuan Province Construction Department.

Mr Ngo Minh Chinh – Director of Department of Culture, Sports and Tourism, Binh Thuan Province.

Mr Nguyen Van Danh – Deputy Director of Construction Department of Ho Chi Minh city.

Mr Tran Quang Buu – Deputy Director of Construction Department of Khanh Hoa Province.

Mrs Tran Thi San – Deputy Director of BIDV North Saigon.

Representatives of Vietnamese enterprises include:

Mr. Nguyen Manh Ha - Chairman of the Board of Phu Quy PR and Urban Development JSC.

Mrs Nguyen Thi Truc Quynh – General Manager of Phu Quy PR and Urban Development JSC. 

Mrs Huong Tran Kieu Dung – Vice Chairman of the Board of Directors of FLC.

Mr Ngo Anh Tri – Deputy General Director of Hanoi General Import Export Company.

Mr Doan Van Binh – Chairman of the Board of CEO Group.

Mr Pham Ngoc Thanh – Chairman of the Board of TASECO.

Mr Nguyen Van Thang – Chairman of the Board of Hai Dang Construction Investment Joint Stock Company.

Representatives of the city of Tacoma attended:

Mrs Marilyn Strickland – Mayor of Tacoma city, Washington. 

Mr Robert Thoms – Vice Mayor of Tacoma city, Washington. 

Mr Ricardo Noguera – Head of Public Economic Development Board of Tacoma city, Washington.
 
Mr Michael Fowler – International Cooperation Development Associate - World Trade Center Tacoma. 

Mrs Debbie Bingham – International Program Development Officer Tacoma city. 

Mrs Ellen Walkowiak - Association of Local Government Environment Specialists. 

Mrs Jennifer S. Hines - Assistant Manager of Public Works Department.

Mr Jeffrey A. Jenkins – Assistant Director, Community Development Department, Tacoma city.

Mr Justin E. Davis – Head of Facilities Management of Tacoma.

Ms. Liz Davidson – Vice President, FIABCI, Washington. 

Construction unit, and the design unit include:  

General Contractor: Rush Company:

Mr Gordon Rush – Founder and developer of Rush. 

Mr Aaron Gallington – Construction Supervision & Management – Rush company.

Design: Studio 19 Company

Mrs Hui Tian – Manager of Studio 19.

Mr Jeff Walls – Chief Architect of Studio 19.

Project manager: Andrew Clapham and Associates LLC:

Mr Andrew Clapham – Founder -  Manager of Andrew Clapham and Associates LLC

Mr Charlene Wilson – Project Manager

Representatives of Hoang Quan Group include: 

Phd. Truong Anh Tuan – Chairman of the Board – Hoang Quan group

Phd. Nguyen Thi Dieu Phuong – Vice Chairman of the Board - Deputy General Director of Accounting - Finance Hoang Quan Group. 

Mr Dang Thanh Thao – Deputy General Director of Hoang Quan group

Mr Truong Duc Hieu - Vice General Director in charge of Business of Hoang Quan Group. 

Mr Truong Nguyen Hoang Quan - Director of HQC USA LLC - member of Hoang Quan Group

The HQC Tacoma Apartment Project is based on an Foreign Investment Certificate No 201500049 issued on March 10  by the Ministry of Planning and Investment, asset assignment certificate No 737 of Tacoma city for HQC USA LLC Lot # 1, 2, 3, 4, 5, 6, 7, 8, 9 and 10, Area 1212, New Tacoma Map.

Located at 1210 Tacoma Avenue South, Tacoma city, Washington state, USA, the HQC Tacoma project is a landmark in downtown when it’s in the central of Tacoma city. With a prime location, from HQC Tacoma, residents can easily connect to a range of existing amenities around the city, such as the Tacoma College-University System, Elementary School, Middle School, city’s library, stadium, shopping center, airport, train station, medical center, Pierce County Courthouse, Pierce County administrative office, Tacoma Public Schools headquarters. In addition, with the enjoyment of complete and synchronous transportation infrastructure, residents of HQC Tacoma can also travel to other cities, states such as Seattle, Washington, conveniently and fast.
 


Phd. Truong Anh Tuan – Chairman of the Board – Hoang Quan group – spoke to welcome guests and share remarks at the ceremony

HQC Tacoma project was developed as a long-term rental housing project and is the first social housing project in Vietnam invested in the US. The project is invested by HQC USA LLC, a member of Hoang Quan Group, with a total investment capital of US $ 40 million, equivalent to nearly VND 900 billion. HQC Tacoma has a total land area of 3.019m2 (equivalent to 32,500SF), of which the total floor area is 20,438.5m2 (equivalent to 220,000SF).
 


Mr Nguyen Tran Nam - Former Vice Minister of Construction - President of Vietnam Real Estate Association.

HQC Tacoma is a 7 storey building, comprising of 1 commercial floor and 6 apartment floors with 166 apartments, of which 80% is for commercial houses and 20% for social houses. Especially, the project investor also focused on building two basements for car-parking with capacity of 214 slots to meet the needs of residents living here. 

The HQC Tacoma project is full of services and facilities in and outside the area, ensuring all residents and tenants can enjoy the best living value. The apartments for lease at HQC Tacoma have a wide area, ranging from 41.8 to 95.2 sq.m. including 1-2 bedrooms, designed smart and modern, to ensure comfort and ventilation. In particular, commercial floor space in the HQC Tacoma apartment is suitable for customers with the need to hire purchase as a place of business, trade, serving residents in the project and the surrounding area.
 


Champagne popping - Groundbreaking ceremony of HQC Tacoma

With the concern and support from the city authorities, especially policy of house-renting support for residents, TACOMA's HQC project is contributing to meet the growing demand for housing in Tacoma. Accordingly, HQC Tacoma will prioritize a portion of the apartments for those who are eligible to buy low-income housing (similar to social housing in Vietnam).

Previously, in April 2016, the delegation of Tacoma City visited and worked in Vietnam with the Ministry of Construction, the Ministry of Planning and Investment, the State Securities Commission, the Vietnam Real Estate Association and Hoang Quan Group. Through their visit and work, the parties have exchanged can did and open policies, tax incentives, and investment environment in Tacoma, the desire to find opportunities to invest oversea of the real estate business in Vietnam. Recognizing HQC Tacoma's capacity of investor and potential development, Mrs Marilyn Strickland, the mayor of Tacoma, said HQC Tacoma would be a prominent part of the city “The development of this project - our third direct investment from offshore this year - will turn an unused Tacoma parking lot into a thriving community for more than 300 people, with 34 affordable housing and commercial facilities on the ground floor "and" HQC Tacoma is fully funded by developers and project will catalyze further growth and investment in the central of our city "- shared by Marilyn Strickland in an interview about the project in the city Tacoma. 
 


Mrs Marilyn Strickland – Mayor of Tacoma city, Washington – spoke at the ceremony

Marking a strong move, reaching out to the world market with the starting project as HQC Tacoma, Hoang Quan Group has been using the experience and management capacity to search and select contractors, design, supervision oversea that have prestige, quality assurance to implement HQC Tacoma project. 

Hoang Quan Group has selected Rush Corporation (Washington) as its general contractor. This is a prestigious unit in Washington with more than 30 years of experience in implementing residential projects, office buildings and medical centers such as Kinetics Building, Park Plaza, Cascade Eye & Skin, Kent Professional Center, Pacifica Apartments, Olympic Square Professional Center ... concentrated mainly in the cities of Seattle, Tacoma, Gig Harbor.
 


Mrs Ellen Walkowiak - Association of Local Government Environment Specialists

With 17 years of experience in the field of Real Estate - Finance - Education, Hoang Quan Group is the pioneer in developing social housing, housing for workers in the South and of the country to contribute to the Government's implementation of social housing policy and the National Housing Strategy. Hoang Quan Group has 25 member companies, affiliates, 17 branches - transaction centers, nearly 2,000 employees, with a total chartered capital of more than VND10 trillion. In addition, Hoang Quan Group has been the investor of 36 projects with total investment capital of more than 39,000 billion VND, of which there are 22 social housing projects with total investment of nearly 22,000 billion VND. HQC Tacoma was started as a milestone in the chain of real estate projects in Vietnam when investing in the United States. The HQC Tacoma project is expected to complete phase 1 in quarter III of 2018 and put into use in quarter III of 2019.

The HQC Tacoma project was launched as a pioneering step in the offshore investment of Vietnamese real estate industry, especially in the social housing segment. Therefore, this represents the growth of the HQC group which joining the international business field. The HQC Tacoma project is expected to be completed and put into use in the second quarter of 2019.

Event pictures:
 


Ribbon Cutting Ceremony of the HQC Tacoma project



Groundbreaking ceremony of HQC Tacoma



Mr. Vu Bang - Member of the Government Advisory Group - Former Chairman of the State Securities Commission -
Giving souvenirs to the Tacoma Government



Mr Nguyen Tran Nam - Former Vice Minister of Construction - President of Vietnam Real Estate Association -
Giving souvenirs to the Tacoma Government



Mr Nguyen Van Danh – Deputy Director of Construction Department of Ho Chi Minh city - spoke at the ceremony



Mr Gordon Rush – Founder and developer of Rush - spoke at the ceremony



The Vietnamese delegation and the Tacoma government met and exchanged management and development experiences.
 


The Vietnamese delegation visits typical projects in the city of Tacoma
 


The delegation of Vietnam

HOANG QUAN GROUP




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Address: 286 - 288 Huynh Van Banh, Ward 11, Phu Nhuan District, HCM City
 
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