Who are BTS Bernina and Terne Holdings?
Recent local and international media reports about BTS Bernina Fund and Terne Holdings Singapore investing in a Vietnamese business have piqued the interest of the public and investors alike. According to the Associated Press, these investors will be infusing capital and acquiring up to 30% of a Vietnamese company, The One Destination, the developer of the Haus Da Lat project.
BTS Bernina and Terne Holdings Singapore are leading global investors with assets under management totaling billions of USD. They have a penchant for investing in businesses with unique stories in Asia that exhibit rapid growth and lead new trends in various industries.
Established on December 11, 2009, BTS Bernina is an open-ended fund owned and managed by prominent global financial experts. The fund allocates 60% of its portfolio to Asian investments. Over the past three years, it has achieved an impressive 71.9% performance, a rare feat among large investment funds. This attests to the fund’s astute investment perspective and approach.
The BTS Bernina fund is governed by a board of directors comprising seasoned professionals in international finance and investment management. They possess extensive expertise in global market navigation, investment strategy oversight, ensuring global regulatory compliance, and driving success. Their collective experience, particularly in real estate and emerging markets, enables them to capitalize on growth opportunities and effectively manage complex global private equity investments.
According to the BTS Bernina fund, their investment in the Haus Da Lat project underscores their commitment to high-quality, diverse assets in fast-growing markets, creating value for the project and investors through a combination of capital growth and cash flow enhancement.
Terne Holdings is a diversified investment firm based in Singapore. Their core areas include real estate investment consulting and commercial collaborations, brand consulting, design, and more. Terne is led by Caroline, a finance investment veteran with over 20 years of experience. She has held executive and senior leadership roles in prominent Singapore investment funds and global financial institutions such as HSBC, Citibank, BNP Paribas, and Naga Capital. Caroline has managed investments of up to 10 billion USD. Additionally, she is authorized by the Monetary Authority of Singapore (MAS) to conduct activities regulated under the Securities and Futures Act (SFA).
The strength of Terne Holdings lies in their world-class talent pool and their people-centric business philosophy. Drawing inspiration from the resilient swiftlet, Terne Holdings is committed to sustainable development, prioritizing health, and creating harmonious living environments in tune with nature. They are innovators and community builders, developing projects that foster health and well-being. Terne Holdings not only constructs but also fulfills promises, creating a legacy of positive, long-lasting impact.
Why Haus Da Lat Attracted These Investors’ Attention
The One Destination is a pioneer in developing the ESG (Environmental, Social, and Governance) real estate model in Vietnam. They have a diverse portfolio of projects across Vietnam, with land assets totaling tens of thousands of hectares.
Actual site of Haus Da Lat, with construction site fencing in place
The One Destination possesses the last remaining prime land in the heart of Da Lat city, Haus Da Lat. Spanning 5 hectares, Haus Da Lat is nestled next to the idyllic Xuan Huong Lake, a renowned symbol of Da Lat. Industry experts highly commend the location’s diamond-like value.
With a long history of 130 years, Da Lat city covers an area of 391 square kilometers. Prime land in the city center is scarce, making Haus Da Lat’s location exceptionally valuable. Its proximity to the bustling downtown area, convenient transportation, and pristine natural surroundings make it a highly prized development.
Haus Da Lat borders the Tran Quoc Toan walking street, intersecting with Dinh Tien Hoang street, one of Da Lat’s most romantic avenues.
Haus Da Lat enjoys convenient access to various landmarks, including the Golf Hill (50m), Da Lat Market (1km), Anh Sang Park (500m), Lam Vien Square (1.4km), and Da Lat Flower Garden (1.8km)…
Haus Da Lat also aligns perfectly with the ESG goals of the BTS Bernina fund and Terne Holdings. From design and material selection to construction and operation, the project embodies environmental, social, and governance considerations, contributing to long-term value creation for future generations.
Additionally, Haus Da Lat is poised to benefit from the robust infrastructure development in Lam Dong province. Notably, the Ministry of Transport’s decision to upgrade Lien Khuong Airport to an international airport will boost economic growth and tourism in Da Lat and Lam Dong province. By 2030, the airport is expected to expand to 487 hectares, serving 5 million passengers annually with multiple international routes.
In the first nine months of 2024, Lam Dong province welcomed 7.4 million visitors, a 13.7% increase from the same period in 2023. By the end of 2024, the province is projected to receive 10 million visitors, including 550,000 international tourists. These infrastructure and tourism developments bode well for the transformation of Haus Da Lat and the overall economy of Da Lat.
Project Information: Da Lat City Cultural Park and Urban Area
