Building Overview
Completed in 2023 by Lotte Group, Lotte Mall West Lake Hanoi is a Grade A commercial development located in Phường Tây Hồ. The property features 21 above-ground floors and 2 basement levels, integrated within a larger multi-functional complex. Designed to meet international standards, the building holds both LEED and Green Mark certifications, reflecting its focus on energy efficiency and environmental performance. Tenants benefit from large typical floor plates of 1,290 square meters and a clear ceiling height of 2.8 meters, which support flexible interior layouts for modern corporate operations.
Location and Connectivity
Situated at 272 Vo Chi Cong, Phường Tây Hồ, Hanoi, the building occupies a prominent position with direct frontage on an eight-lane roadway. This location provides straightforward transit routes to northern industrial zones and the international airport. The office floors offer expansive views of West Lake, the Red River, the Ciputra urban area, and the surrounding cityscape. Tenants should verify specific traffic patterns and entry points as part of an on-site survey.
Technical Specifications and Operations
The technical infrastructure is designed to support continuous corporate operations. Vertical transportation is managed by a dedicated system of six passenger elevators and one service elevator. The indoor climate is regulated by a modern central air conditioning system, with electricity costs for cooling already integrated into the service charge.
Key operational details include:
- Power Backup: 100% generator capacity to maintain full operations during outages.
- Parking Facilities: Dedicated spaces located across basement levels B1-B2 and floors 2-M5.
- Standard Working Hours: Monday to Friday from 8:00 AM to 6:00 PM, and Saturday from 8:00 AM to 12:00 PM.
- Ceiling Height: Clear height of 2.8 meters from floor to ceiling.
- Lease Terms: Minimum lease term of 3 years with a 3-month deposit and quarterly payments.
Prospective tenants are advised to confirm current space availability and specific overtime policies during negotiations.
Leasing Costs and Commercial Terms
The financial structure for securing space at this development is defined by clear Grade A parameters. The base rent ranges from $30 to $32 per square meter per month. This rate excludes the service charge of $6 per square meter per month and the standard 10% VAT. A notable operational advantage for tenants is that electricity costs for the central air conditioning system are already integrated into the monthly service charge during standard business hours.
Additional commercial terms and operational fees include:
- Car Parking Fee: 2,000,000 VND per vehicle per month.
- Motorbike Parking Fee: 150,000 VND per vehicle per month.
- Overtime Charges: Subject to direct negotiation based on specific operational hours.
- Lease Term: A minimum commitment of 3 years.
- Payment Structure: A 3-month security deposit combined with quarterly rental payments.
Suitable Tenant Profiles and Checks
The building is well-suited for international corporations, financial institutions, and technology firms that require modern infrastructure and adhere to global sustainability standards. The dual LEED and Green Mark certifications make it a strategic choice for organizations with strict environmental mandates. Additionally, the expansive 1,290 square meter floor plates allow for efficient open-plan configurations, making it highly functional for high-density corporate headquarters.
Prior to finalizing a lease agreement, prospective tenants should conduct the following practical checks:
- Verify the exact allocation of parking spaces within the designated areas across basement levels B1-B2 and floors 2-M5.
- Confirm the specific pricing structure and terms for overtime air conditioning usage during weekend operations.
- Review the current layout options to ensure the 2.8-meter ceiling height accommodates specialized technical or acoustic installations.
- Assess the exact tax implications of the 10% VAT on both the base rent and the service fees.
Advisory Conclusion
Completed in 2023 by Lotte Group, this development in Phường Tây Hồ offers a highly structured and modern leasing environment. The combination of international green certifications, large floor plates, and integrated commercial amenities provides a stable foundation for long-term corporate operations. Tenants seeking to establish a presence in this northern corridor of Hanoi will find the technical specifications and commercial terms aligned with modern global standards. Conducting an on-site survey is advised to verify current space availability and finalize specific lease conditions.