According to chat gpt prime office value in hi chi Minh is us$9,100 per sqm. So, with 20,000 sqm gross lettable area the fully developed building value will be around us$185m or au$280m.
By the time they develop and lease the building (in say 3-5 years), you would assume it will be au$300m plus.
uos have historically operated on a gross margin of around ~35%, so I’d assume build cost is probably around au$125m and margin will be au$75m on investment of au$225m.
this investment suggests to me the other tower in Ho Chi Minh which is close to fully developed has been very successful.
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