Vinaland hires new managing director

The Vietnam-focused real estate fund has hired Australian real estate development pro David Henry to oversee site acquisitions in early stages of development.

VinaLand, the Vietnam-focused property fund launched by Pacific Alliance subsidiary VinaCapital, has hired David Henry as managing director of real estate.

Henry will oversee development of numerous projects for the firm, which targets  residential, office, retail, industrial, and leisure developments mainly around the country’s main cities of Hanoi and Ho Chi Minh City.

The former Lend Lease employee was most recently at Australian firm Springfield Land Corporation serving as director of central business district development.

The VinaLand fund was launched in March 2006 and listed on London’s Alternative Investment Market in 2007. The $790 million vehicle  is part of the VinaCapital Group, which also has a $662 million Vietnam Opportunity fund and a $35 million technology venture capital fund. VinaCapital is a subsidiary of Pacific Alliance, the Asia-focused investment group best known for completing mainland China’s first ‘classic’ LBO deal in 2006.