Mapletree Realty, a subsidiary of Northfield and Associates, Signs Landmark Memorandum of Understanding with OCIC
Phnom Penh, Cambodia, June 10, 2024 – Mapletree Realty, a subsidiary of Northfield & Associates, is thrilled to announce the signing of a significant Memorandum of Understanding (MoU) with Cambodian Investment Corporation (OCIC), a leading property development company. This strategic partnership aims to collaborate on a major investment project valued at over 100 million USD, marking a milestone in the real estate sector.
The MoU outlines the framework for cooperation between Mapletree Realty and OCIC, focusing on the development of innovative and sustainable property solutions. The partnership leverages Mapletree Realty’s extensive expertise in real estate consulting and OCIC’s robust experience in property development to create impactful projects that drive economic growth and community development.
Mr. Sam At An, CEO of Mapletree Realty, expressed his enthusiasm about the collaboration, stating, “This agreement with OCIC represents a significant step forward for Mapletree Realty. By combining our strengths, we are poised to deliver exceptional real estate developments that will benefit both investors and the local community.”
OCIC, renowned for its large-scale development projects, sees this partnership as an opportunity to expand its reach and enhance its project portfolio. Mr. Pung Kheav Se, Chairman of OCIC, highlighted the importance of this MoU, saying, “Our collaboration with Mapletree Realty is set to bring innovative and high-quality real estate projects to the market. We are excited about the potential this partnership holds for the future of property development in Cambodia.”
The investment project, encompassing residential, commercial, and mixed-use developments, aims to meet the growing demand for modern and sustainable living and working spaces. The combined expertise of Mapletree Realty and OCIC ensures that these developments will adhere to the highest standards of design, construction, and environmental sustainability.
This MoU underscores Northfield & Associates’ commitment to fostering strategic partnerships that enhance its subsidiary’s capabilities and drive growth in the real estate sector. It also reflects the firm’s broader mission of enabling organizations to achieve their full potential through strategic, results-driven consulting services.
As Mapletree Realty and OCIC move forward with this exciting partnership, stakeholders can look forward to a series of innovative projects that will redefine the real estate landscape and contribute to the economic development of the region.
About Northfield
Northfield & Associates is a consulting firm and a trusted advisor on business strategy in Cambodia. We specialize in the key global sectors, including
- agribusiness , aviation and automotive, energy, natural resources, financial services, healthcare, infrastructure, real estate and information technology. Industry Solutions, Service Line and Global & Regional Services.
- clients get access to in-depth knowledge in key sectors and a suite of legal services.
- legal, financial management, risk assessment, real estate, IT]
and enablement of organizations strategies. We partners with array of clients to reach new frontiers and cross uncharted organizations territories. We would work across various sectors in both the private and public, including government domain and focus on strategic, operations, organization and change.
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