Savills News

Savills Vietnam to manage Phenikaa University

On 29/08/2019 a signing ceremony naming Savills Vietnam the Facility Manager for Phenikaa University was held in Hanoi. The tertiary institution is one of the first education properties in the Savills Vietnam management portfolio.

On 29/08/2019 a signing ceremony naming Savills Vietnam the Facility Manager for Phenikaa University was held in Hanoi. 

In September 2019, Savills Vietnam was officially appointed the Facility Manager for the campus in Ha Dong District. The tertiary institution is one of the first education properties in the Savills Vietnam management portfolio; the on-site management team will include Property Manager, Assistant Property Manager and Chief Engineer.

Matthew Powell, Director Savills Hanoi says: “Savills Vietnam is delighted to be appointed the facilities manager for Phenikaa University – a private educational institution offering international-standard facilities. This project expands our management portfolio to a new area - educational real estate and this is the first step in our long-term development plan towards this sector.”

Vietnam offers tremendous opportunity for education development, says Mr. Troy Grifftiths, Deputy Managing Director, Savills Vietnam. “Evolving toward a more modern structure with rapid urbanisation, national education development is a priority to improve the skills of the labour force and increase productivity. With a large population of over 94 million and a young age structure, Vietnam is well placed for expansion of the education sector.” FDI in education in 6M/2019 totalled US$64 million, doubling 6M/2018.  For more information about this upcoming sector, click here to read whatever we called it.

Amidst rising competition, local players are also raising investment in private education, sector, upgrading facilities, providing international-standard equipment. “Phenikaa university choosing Savills Vietnam demonstrates the school’s commitment in delivering quality education and a solid research environment for students and faculties” adds Powell.

During the signing ceremony Phenikaa university’s representative, Associate Professor, Dr. Le Hieu Hoc commented: “To prepare for 2019 – 2020 school year, Phenikaa University received VND1,600 billion of investment for the construction of a new campus in Ha Dong district. The university aims to be among the Top 100 in Asia in the next 20 years and offer international standard education at an affordable price. Savills Vietnam will provide facilities management to maintain quality and ensure professional quality”.

With a total area of 13 ha, Phenikaa University is located on To Huu road and is well connected with public transport including the BRT and metro system. Phenikaa University is a member of Phenikaa Group – a large industrial manufacturer in Vietnam.

Phenikaa University’s new campus is constructed to meet international architecture standards. Lecture halls are well-equipped with modern facilities to create the best educational environment. The outdoor sports arena includes football, basketball, athletics facilities whilst the indoor arena offers gym, table tennis, martial arts, basketball, volleyball and a multi-purpose court.

Recommended articles