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Nomura Real Estate acquires 14-story office tower in Vietnam

Prime location with occupancy rate of 98% houses mostly foreign companies

Nomura Real Estate and Development eventually wants to see overseas operations in locations such as Ho Chi Minh City account for about 20% of total revenue. (Photo by Ken Kobayashi)

Nomura Real Estate Development acquired the 14-story Zen Plaza building in Vietnam's Ho Chi Minh City in July, also buying the company that owns the tower.

The deals follow Nomura's acquisition of a controlling interest in Sun Wah Tower, the company's second rental office building in the city.

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