KKR-led consortium invests $650m in Vietnam's Vinhomes

Group will own a 6% stake while Vingroup will keep control of the housing arm

20200617 Vingroup

An apartment complex developed by Vingroup in Hanoi: The real estate sector has drawn heavy interest from overseas private equity funds and Singapore's state investor. © Reuters

NGUYEN THI BICH NGOC, DealStreetAsia

HANOI -- A consortium led by U.S. private equity powerhouse KKR that includes Singapore's state investor Temasek Holdings, announced Tuesday that it is investing $650 million in Vinhomes, the housing development arm of Vietnamese conglomerate Vingroup.

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