Building Overview
Hong Ha Center is a Grade B+ office building completed in 2013, developed through a joint venture between CTCP Hong Ha and Vietnam Paper Corporation. The property is managed directly by Vietnam Paper Corporation, ensuring consistent operational standards. The structure comprises 13 above-ground floors and 2 basements, with dedicated office spaces spanning from Floors 3 to 13, while the lower levels serve commercial purposes. Holding a LEED certification, the building supports sustainable corporate operations and environmental efficiency. The expansive typical floor plate of 2,113 sqm allows tenants to design flexible layouts and efficiently plan their workspace. This setup suits large corporations and multinational companies seeking green building standards in a professional environment.
Location and Connectivity
Situated at 25 Ly Thuong Kiet, Cua Nam Ward, Hanoi, the building provides a central business address. Tenants can easily access surrounding commercial properties, hotels, and dining establishments in Cua Nam Ward. This central positioning facilitates convenient business transactions and client meetings. For specific transit times, public transport routes, or nearby landmarks not detailed in the official records, a physical site survey is advised to verify local traffic patterns and exact distances.
Technical Specifications and Operations
The technical infrastructure at Hong Ha Center is designed to support continuous business operations and occupant comfort. The building features the following specifications:
- Ceiling height: 2.7 meters in office areas, providing a standard professional clearance.
- Elevators: 7 Mitsubishi elevators servicing the building’s occupants.
- Air conditioning: Daikin central air conditioning system, with AC electricity fees already included in the service charge.
- Power backup: 100% capacity backup generator to prevent operational disruptions.
- Parking: 2 basement levels with parking fees set at 4,000,000 VND/car/month and 165,000 VND/motorbike/month.
- Operating hours: Monday to Friday from 8:00 AM to 6:00 PM, and Saturday from 8:00 AM to 12:00 PM.
Leasing terms require a minimum 3-year commitment, a 3-month deposit, and quarterly payments. Overtime fees are negotiable. Tenants should confirm current vacant areas, specific floor availability, and parking space allocations during lease negotiations.
Leasing Costs and Commercial Terms
The financial structure at Hong Ha Center reflects its Grade B+ positioning in Cua Nam Ward. Base rent ranges from $20 to $24 per square meter per month. With a service charge of 5.5 USD per square meter per month, the gross rent before VAT ranges between $25.5 and $29.5 per square meter per month.
A key operational benefit is that central air conditioning electricity is already included in the service charge, helping tenants manage utility expenses. The standard leasing terms and associated fees include:
- Value Added Tax (VAT): 10% applied to rent and service charges.
- Lease Term: A minimum commitment of 3 years is required.
- Payment Structure: A 3-month deposit with quarterly rental payments.
- Car Parking: 4,000,000 VND per vehicle per month.
- Motorbike Parking: 165,000 VND per vehicle per month.
- Overtime Fee: Subject to direct negotiation based on usage requirements.
Suitable Tenant Profiles and Checks
With its LEED certification and expansive typical floor plate of 2,113 square meters, Hong Ha Center is well-suited for large corporations and multinational organizations prioritizing environmental sustainability and open-plan layouts. The generous floor plate allows tenants to consolidate departments onto a single level, reducing internal communication barriers.
Prospective tenants should conduct specific checks prior to signing:
- Confirm the exact net usable area versus gross area for the specific floor of interest.
- Verify the allocation of parking spaces in the two basements, as capacity may vary based on leased area.
- Review the overtime fee structure if regular after-hours operations are expected.
Advisory Conclusion
Hong Ha Center offers a structured, sustainable office environment in Cua Nam Ward. Its combination of LEED-certified infrastructure, professional management by Vietnam Paper Corporation, and large floor plates provides a stable base for corporate tenants. To ensure a precise fit, it is recommended to schedule a physical site survey to evaluate the current layout options, inspect the mechanical systems, and review the detailed lease contract terms.