Building Overview
Indochina Plaza Hanoi is a Grade A office development located at 241 Xuan Thuy, Cau Giay Ward, Hanoi. Completed in 2012 by investor Indochina Land, the property is managed by Savills Vietnam. The building holds a LEED Platinum LEED v4 certification, reflecting its alignment with international environmental and operational standards. The physical structure consists of 16 above-ground floors and 2 basements, with dedicated office spaces situated from the 6th to the 11th floors. With a typical floor plate of 1,364 square meters, the square layout allows tenants to configure their workspaces efficiently to suit diverse corporate requirements.
Location and Connectivity
Situated at 241 Xuan Thuy in Cau Giay Ward, the building provides direct access to major transport routes. Tenants can connect to key transit points, including Noi Bai Airport, My Dinh Bus Station, and Nam Thang Long Bus Station. The surrounding area hosts several administrative and cultural sites, such as the National Convention Center, My Dinh Sports Center, the Ministry of Foreign Affairs, and the Ministry of Public Security. The elevated railway line operating along Xuan Thuy further supports daily commutes for employees, mitigating ground-level traffic challenges.
Technical Specifications and Operations
The technical infrastructure at Indochina Plaza Hanoi is designed to support continuous business operations. The building operates under the following specifications:
- Ceiling Height: Clear height of 2.7 meters.
- Elevators: 4 Schindler passenger elevators and 1 dedicated service elevator.
- Air Conditioning: Modern central air conditioning system, with electricity costs included in the service charge.
- Backup Power: 100% backup generator capacity.
- Parking: 2 basement floors and 1 mezzanine floor, accommodating vehicles with set monthly fees.
- Operating Hours: Monday to Friday from 7:30 AM to 6:30 PM, and Saturday from 8:00 AM to 1:00 PM.
Lease terms require a minimum of 3 years, with a 3-month deposit and quarterly payments. Tenants should verify current vacant areas and specific overtime charges during the site survey.
Leasing Costs and Commercial Terms
Financial planning for Indochina Plaza Hanoi involves several structured costs. The base rent ranges from $20 to $23 per square meter per month, with a regular service fee of $6 per square meter per month. Value Added Tax (VAT) is set at 10%. This brings the gross rent, excluding VAT, to between $26 and $29 per square meter per month. Key commercial terms and operational fees include:
- Lease Term: Minimum of 3 years.
- Deposit and Payment: A 3-month deposit is required, with payments settled on a quarterly basis.
- Air Conditioning: Central AC electricity consumption is included in the service charge.
- Overtime Fees: Subject to negotiation based on specific operational hours.
- Vehicle Parking: Car parking is priced at 2,100,000 VND per vehicle per month, and motorbike parking is 100,000 VND per vehicle per month.
Suitable Tenant Profiles and Checks
The building is well-suited for large corporations and multinational companies that prioritize sustainable operations, given its LEED Platinum LEED v4 certification. The square 1,364 square meter floor plate allows tenants to design efficient, open-plan or cellular office layouts. This flexibility supports diverse corporate structures and departmental divisions.
Before signing, prospective tenants should conduct specific site-survey checks. It is advisable to verify the current vacant areas, as availability changes. Tenants should also clarify the exact allocation of parking spaces in the two basements and mezzanine floor, and confirm the specific terms for any required overtime operations.
Advisory Conclusion
Indochina Plaza Hanoi provides a structured Grade A environment in Cau Giay Ward. Managed by Savills Vietnam, the property combines international operational standards with clear commercial terms. Tenants seeking a long-term office location will benefit from the predictable utility costs and professional management. To secure the most favorable terms, occupiers should initiate detailed discussions regarding floor division options and overtime negotiations early in the leasing process.