Central Building GRADE B

Building Overview

Located in the bustling administrative heart, Central Building is a prominent Grade B+ office building co-invested by Kinh Do One Member Co., Ltd and HongKong Land, and directly managed by HongKong Land. With a scale of 08 above-ground floors and 02 basement levels, the building offers a typical floor plate of 600 sqm/floor, providing a professional, quiet, and highly secure working environment. Holding the prestigious LEED green certification, the building not only affirms its commitment to a sustainable working environment but also helps optimize actual operating costs for businesses throughout their tenancy.

Location and Connectivity

The building is located at 31 Hai Ba Trung, Cua Nam Ward, Hanoi, situated right on the arterial street directly connecting the old administrative center to neighboring ward, creating extremely favorable trading conditions. This area concentrates a high density of foreign embassies, major financial institutions, and multinational corporations, offering outstanding partner connection advantages for businesses.

• Hai Ba Trung arterial street: Quickly connects to key routes such as Ly Thuong Kiet, Tran Hưng Dao, and Dinh Tien Hoang, ensuring smooth inter-wardt travel and minimizing traffic congestion.
• Hoan Kiem Lake and Hanoi Opera House: Only an 8-minute walk away, creating an ideal space for diplomatic activities, hosting high-end partners, and enhancing brand value.
• Noi Bai International Airport: Approximately 35 to 40 minutes away via Nhat Tan Bridge and Vo Chi Cong Street, ensuring that business schedules of executives and international experts are always on time.
• Surrounding ecosystem: Surrounded by a series of major bank branches, international restaurants, 5-star hotels like Sofitel Legend Metropole, and premium office cafes, fully serving the needs of hosting guests and daily activities of staff.

Technical Specifications and Operations

To evaluate the actual capability of the building in meeting operational needs, businesses should clarify the following core technical survey questions:

• Scale & Floor Plate: The building features 08 above-ground floors and 02 basement levels; the typical floor plate reaches 600 sqm/floor with a square, column-free design, optimizing usable area and allowing flexible department layouts.
• Ceiling Height: Reaches a standard of 2.7 m, creating a well-ventilated workspace and making it easy to install technical ceilings and specialized office lighting systems.
• Elevator System: Equipped with 02 high-speed elevators, ensuring rapid circulation and minimizing waiting times during peak hours.
• Air Conditioning System: Utilizes a modern central air conditioning system, ensuring even temperature distribution across the floor and maintaining a cool, comfortable working environment.
• Backup Power: A 100% capacity backup power generator ensures that all business operations run uninterrupted during grid power failures.
• Parking Space: The area of 02 basement levels and around the building fully meets the parking needs of motorbikes and cars for staff and visiting clients.
• Standard Working Hours: Monday to Friday (8:00 AM - 6:00 PM) and Saturday (8:00 AM - 12:30 PM), matching the operational pace of most modern enterprises.

Leasing Costs and Commercial Terms

Below is a summary of financial parameters and commercial terms applied at the building, helping businesses easily prepare their budget estimates:

• Reference Rent: $34 - $38 /sqm/month (rates may vary depending on the leased area, floor, and time of contract signing).
• Service Charge: 9 USD/sqm/month (professionally managed by the renowned operator HongKong Land).
• VAT: 10%.
• Motorbike Parking Fee: 10 USD/vehicle/month.
• Car Parking Fee: 150 USD/car/month.
• Electricity Consumption: Air conditioning electricity during standard working hours is included in the service charge, helping businesses save significant operating costs.
• Overtime Fee (OVT): Negotiable based on the actual needs of each business.
• Minimum Lease Term: Minimum of 03 years to ensure business stability.
• Deposit & Payment: 3-month deposit and quarterly payments.

Suitable Tenant Profiles and Checks

The building is particularly suitable for financial institutions, investment funds, multinational representative offices, and high-end technology and service companies that require a prestigious office address managed under strict international standards by HongKong Land. To ensure a smooth office design and construction process, businesses should conduct a physical survey of the following points:

• Physical Space Survey: Check the net usable area versus the gross area to accurately calculate the optimal number of desks and staff density on the 600 sqm floor.
• Parking Capacity Assessment: Physically inspect the capacity of the 02 basements during peak hours to have a reasonable parking allocation plan for employees and management.
• M&E System Inspection: Identify the connection points for power sources, air conditioning pipes, and technical cabinets to prepare the fastest interior construction plan.
• Clarify Overtime Costs: Negotiate detailed overtime fees if the business regularly has staff working night shifts or weekend overtime.

Advisory Conclusion

Central Building is one of the most outstanding Grade B+ office choices in central Hanoi, possessing the dual advantages of a strategic commercial location and international management standards by HongKong Land. Establishing an office here not only elevates the brand position of the business in the eyes of partners but also ensures a professional, stable, and sustainable working environment. To receive detailed information on vacant areas and the latest rental incentives, businesses should contact GRES consultants immediately for support in physical surveys and negotiating optimal lease terms.