Building Overview
Grand Terra is a Grade A office development completed in 2024, situated at 36 Cat Linh, O Cho Dua Ward, Hanoi. Developed by Tong Cong ty Co phan Xay Dung Thanh Hoa and managed by Savills Vietnam, the building introduces modern, sustainable workspace solutions to the area. The property features 8 above-ground floors and 5 basement floors dedicated to parking.
With a typical floor plate of 1,835 sqm, the building provides well-proportioned, flexible floor plates that allow tenants to subdivide spaces according to their operational scale. It is designed to meet LEED Gold standards, focusing on resource efficiency and reduced environmental impact for long-term occupants.
Location and Connectivity
Located at 36 Cat Linh, O Cho Dua Ward, Hanoi, Grand Terra provides direct access to major transport routes. The building is situated adjacent to the Pullman Hotel and the State Treasury. For international business operations, the site is approximately 45 minutes from Noi Bai International Airport.
Tenants can establish connections to surrounding administrative and commercial hubs in neighboring areas such as Ba Dinh, Hoan Kiem, and Hai Ba Trung. This central positioning helps reduce transit times for staff and visiting clients.
Technical Specifications and Operations
The technical infrastructure at Grand Terra is designed to support continuous corporate operations. Key specifications include:
- Ceiling height: Clear height of 2.7 meters.
- Air conditioning: Central Chiller air conditioning system, with consumption costs included in the service charge.
- Elevators: 6 passenger elevators and 1 service elevator.
- Power backup: 100% capacity backup power generator.
- Operating hours: Monday to Friday from 8:00 AM to 6:00 PM, and Saturday from 8:00 AM to 12:00 PM, with no overtime charge if AC is not used.
- Parking: 5 basement levels, with motorbike parking at 150,000 VND/motorbike/month.
Prospective tenants should verify the current car parking allocation, specific car parking fees, and exact space availability during the lease negotiation phase.
Leasing Costs and Commercial Terms
Leasing at Grand Terra involves structured Grade A commercial terms. The base rent ranges from $33 to $36 per square meter per month, excluding service charges and VAT. The service fee is established at $7 per square meter per month, which covers standard building operations and central Chiller air conditioning during regular working hours. This integration of air conditioning costs into the service fee simplifies monthly utility budgeting for tenants.
Key financial and operational terms include:
- Lease Term: Minimum 3-year commitment.
- Deposit and Payment: A standard 3-month deposit with quarterly rental payments.
- Value Added Tax (VAT): 10% applied to rent and service charges.
- Overtime Policy: No additional fees are charged for after-hours operations if the central air conditioning is not utilized.
- Parking Fees: Motorbike parking is priced at 150,000 VND per vehicle per month, while car parking rates are to be advised.
Suitable Tenant Profiles and Checks
With its 1,835 square meter typical floor plate and LEED Gold certification, Grand Terra is suited for multinational corporations, financial institutions, and large enterprises prioritizing energy efficiency and modern workspace design. The flexible floor layout allows for efficient subdivision to accommodate varying organizational scales and departmental structures.
Before finalizing a lease agreement, prospective tenants should perform specific site-survey and contract checks to ensure alignment with operational requirements:
- Confirm the exact available floor area and layout options at the time of inquiry.
- Verify the specific car parking space allocation ratio and the finalized monthly car parking fees.
- Review the detailed guidelines for the fit-out rent-free period and contractor regulations.
- Audit the electricity billing structure for office equipment and server rooms.
Advisory Conclusion
Completed in 2024, Grand Terra provides a highly structured, sustainable office environment in O Cho Dua Ward. Managed by Savills Vietnam, the property offers reliable operational standards and resource-saving features that align with corporate sustainability goals. Tenants seeking to secure space should initiate detailed negotiations regarding parking allocations, rent-free periods, and fit-out terms early in the leasing process.