Rockefeller firm to develop $2.5 billion resort project in Vietnam
Reuters
January 14, 2014, 7:01 pm
The Rose Rock Group has entered into an agreement with independent firm Vung Ro Petroleum to develop the 200,000-square-meters resort community in Vung Ro Bay on the south central coast of Vietnam. (Representative pic: Thi Nai Lagoon, Quy Nhon, Central Vietnam)
(Reuters) - Rose Rock Group, an investment management firm backed by the Rockefeller family, has agreed to help develop a $2.5 billion (1.5 billion pounds) resort project in Vietnam.
The Rose Rock Group has entered into an agreement with independent firm Vung Ro Petroleum to develop the 200,000-square-meters resort community in Vung Ro Bay on the south central coast of Vietnam, the companies said.
The Vung Ro Bay development enclave will comprise several hotels with over 760 rooms, 4,300 apartments, 100 luxury townhouses, a variety of retail shops and 350 marina berths, they said.
(Reporting by Chris Peters in Bangalore; Editing by Gopakumar Warrier)
