Monday, May 27, 2024

Christie’s Real Estate plans Vietnam venture


Christie’s International Real Estate has announced it will expand into Vietnam – the first global luxury real estate brand to open an office there.

The move is in partnership with S&S Group, a conglomerate of companies operating in the luxury automotive, timepiece, fashion, art, and now real estate industries.

S&S-Christie’s International Real Estate’s flagship office, which will open in early June, will be located in the Saigon Hilton, one of the newest luxury developments in Ho Chi Minh City, and home to S&S’s Lamborghini dealership.

The new firm will be led Sassy Nguyen, who along with her husband and business partner, Sam Vu, are the owners of S&S Group.

Managing Director for Christie’s International Real Estate, Helena Moyas de Forton said the company was thrilled to have found the right partner in S&S, a company with a great track record of success and an unparalleled understanding of the luxury market in Vietnam. 

“Vietnam’s real estate market has grown exponentially over the past decade, thanks to a stable economy, growth of manufacturing, and a booming agricultural sector,” Ms Moyas de Forton (pictured) said.

“A growing list of international blue-chip brands have established operations in the country, including Samsung, Procter & Gamble, Unilever, Microsoft and Honda.”  

She said while Vietnam had seen an uptick in foreign buyers and investors, primarily from Asian countries including China, South Korea, Singapore, Taiwan and Japan, an increasing number of high-net-worth Vietnamese were also prioritising offshore real estate investment.

“S&S-Christie’s International Real Estate will serve clientele looking to invest in real estate around the world, in target markets including London, Paris, Dubai, Australia and the United States,” Ms Moyas de Forton said.

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Hitachi Energy augments Bass Strait power flow 

Hitachi Energy has been selected by Australia’s Marinus Link Pty Ltd to supply a high-voltage direct current project, augmenting the current connection between mainland Australia and Tasmania’s grid.  

The approximately 345-kilometer cable will enable the flow of renewable power in both directions between Victoria and Tasmania. 

The connection will enable Tasmania to import the excess supply of solar and wind produced in Victoria, while reserving its hydro and storing the extra energy.

Clean hydropower can then feed the mainland grid when it is needed most, acting as a large battery for the nation. Moreover, it strengthens the security of supply in the Australian power grid in which electricity is increasingly generated from sustainable energy.

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New hepatitis C test available in Australia

Canadian diagnostic testing company, bioLytical Laboratories Inc., has announced the availability of its INSTI HCV Antibody Test in Australia following its inclusion on the Australian Register of Therapeutic Goods.

INSTI HCV is the first point-of-care rapid test for hepatitis C antibody detection in Australia.

Chief Executive of bioLytical, Robert Mackie said the approval was a significant achievement for the company.

“Our INSTI HCV Antibody Test provides a rapid and reliable tool to identify hepatitis C cases quickly, helping healthcare professionals test high-risk populations and reduce transmission,” Mr Mackie said.

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Alation in move to meet Japan’s data needs

California-based Data intelligence company, Alation Inc. is to expand operations into Japan in partnership with digital business and IT services provider, NTT DATA.

Head of Design and Technology Sector at NTT DATA, Kazumasa Taninaka said Alation was a critical partner in addressing Japanese organisations' surging demand for data intelligence.

“This partnership is poised to break down the barriers of data silos, equipping Japanese organisations with the essential tools for enhanced, data-driven decision-making,” Mr Taninaka said.

“Together, we will enable more organisations to leverage data for reliable AI and decision-making, fostering smarter analysis, decisions, and strategic judgments.”

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Hospital awarded for work with kidney patients

The King Faisal Specialist Hospital and Research Centre (KFSHRC) in Riyadh, Saudi Arabia has won the 2024 Tech Impact Award, presented by the Value-Based Health Care Centre Europe.

Chair of the Internal Medicine Department at KFSHRC, Wael Habhab said the award, made for the institution’s pioneering Home Hemodialysis initiative, was a testament to its patient-centric approach, designed to address the unique needs of kidney patients with advanced medical conditions.

“This comprehensive system of continuous and supportive care, delivered in the patients’ own homes, not only ensures the highest standards of safety and comfort, but also significantly improves their quality of life,” Dr Habhab said.

"The initial outcomes have revealed a substantial reduction in emergency room visits and hospital admissions, as well as lower re-hospitalisation rates."

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FDA approves tracer for palsy analysis

APRINOIA Therapeutics Inc. says the US Food and Drug Administration (FDA) has granted Fast Track Designation to its florzolotau Positron Emission Tomography tracer that images tau protein in patients with suspected progressive supranuclear palsy (PSP).

Chief Medical Officer at APRINOIA Therapeutics, Brad Navia said PSP was a rare neurodegenerative disorder caused primarily by the accumulation of a specific form of tau in sub-cortical brain regions.

“There are no FDA-approved diagnostic markers for PSP or any other rare tau-related disorder such as frontotemporal dementia. Until now, diagnosis has primarily relied on clinical assessment,” Dr Navia said.

“The tracer may enable more accurate diagnosis at earlier disease stages, potentially improving patient management and resulting in more efficient clinical trial designs for novel therapies.”

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Bank adopts Temenos’ digital service

Dublin-based financial services platform, Temenos Community Forum has announced that the Vietnam Public Commercial Joint Stock Bank has launched its PVConnect service with Temenos Digital, Temenos’ digital banking platform.

Managing Director at Temenos, Ramki Ramakrishnan said the bank was able to quickly design, build and launch its highly-rated mobile app, transforming the mobile banking experience for one million of its customers.

“Customers can open an account via electronic ID in minutes, use their phone number as an account number, choose savings products to suit their needs, pay bills and transfer money with a QR payment feature and via a phone number,” Mr Ramakrishnan said.

“Additionally, customers have a quick access widget to quickly view account information and make transactions directly from their phone’s home screen.”

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Baden Bower boosts visibility of clients’ brands

New York-Based public relations firm, Baden Bower has initiated a number of strategic partnerships with leading media outlets to expand the global presence of its clients' brands.

By securing placements on authoritative news sites and utilising a broad influencer network, it hopes to boost the visibility and credibility of the brands it serves.

Chief Executive, A.J. Ignacio said Baden Bower’s unique publicity model, supported by a money-back guarantee, provided brands with the assurance to pursue PR strategies that yielded measurable benefits. 

“Marketing managers prefer agencies capable of quickly securing placements in prestigious publications. Baden Bower meets this need by promising media coverage within 72 hours, facilitating faster client results,” Mr Ignacio said.

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Bombardier opens Adelaide office

Aircraft manufacturer, Bombardier has opened an office in the South Australian capital of Adelaide, providing Bombardier Defence customers with a place to meet the company’s team and explore its range of aircraft suited for civilian, military and hybrid mission types.

Vice President, Bombardier Defence, Steve Patrick said the new office would enable the company to provide more resources to the region.

He said Bombardier Defence was recognised worldwide for its diverse portfolio of proven and versatile specialised aircraft, culminating in decades of experience working with more than 160 special mission operators.

“Bombardier’s aircraft have a strong presence in Australia, including an in-service fleet of medical evacuation and search and rescue aircraft,” Mr Patrick said.

An occasional round-up of international business stories

 

 

 

 

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