HCO Building GRADE A

Building Overview

Officially operational since 1998 by S.A.S - CTAMAD Co., Ltd., HCO Building has firmly established its position as one of the first international-standard Grade A office buildings in the heart of the capital. Situated within a premium complex that includes the 5-star Meliá Hanoi hotel, the building features 18 stories above ground and 1 basement level, offering a typical floor plate of 580 sqm/floor. With a seamless integration of professional workspace and world-class hospitality services, this is a strategic destination for multinational corporations and major financial institutions.

Location and Connectivity

Located at 44B Ly Thuong Kiet, Cua Nam Ward, Hanoi, HCO Building enjoys an outstanding frontage in the administrative and diplomatic heart of the city. Ly Thuong Kiet Street is a backbone route connecting central ward, featuring spacious infrastructure with minimal traffic congestion and hosting numerous high-level government agencies.

• Ly Thuong Kiet Axis: Directly connects to key arterial routes such as Hai Ba Trung, Quang Trung, Tran Hung Dao, and Ba Trieu, creating an exceptionally convenient inter-wardt business network.
• Hoan Kiem Lake and Hanoi People's Committee: Only 5 to 10 minutes away, providing ideal conditions for diplomatic activities and working with state management agencies.
• Noi Bai International Airport: Approximately 35 to 40 minutes via Vo Chi Cong Street and Nhat Tan Bridge, optimizing travel time for executives and foreign experts.
• Surrounding Utility Ecosystem: Adjacent to the Supreme People's Procuracy, major commercial banks, high-end restaurants, and premium 5-star services from the neighboring Meliá Hotel.

Technical Specifications and Operations

The building is designed and operated according to the strict technical standards of international Grade A offices, ensuring optimal working efficiency for businesses.

• Scale & Floor Plate: 18 stories above ground and 1 basement level; typical floor plate of 580 sqm/floor with a rectangular column-free design, maximizing usable area and allowing flexible department layouts.
• Ceiling Height: Reaches a standard of 2.7 m, providing a spacious working environment and facilitating the installation of ceiling-mounted technical systems.
• Elevator System: Equipped with 05 high-speed Mitsubishi elevators, minimizing waiting times during peak hours.
• Air Conditioning System: Modern Chiller central air conditioning system, ensuring even cold air distribution and energy efficiency.
• Backup Power: 100% backup power generator capacity, ensuring uninterrupted business operations during grid failures.
• Parking Lot: One basement level and surrounding premises adequately meet the parking needs of cars and motorbikes for staff.
• Standard Working Hours: Monday - Friday: 8:00 AM - 6:00 PM, Saturday: 8:00 AM - 12:00 PM.

Leasing Costs and Commercial Terms

The leasing policy at the building is highly competitive and transparent compared to other Grade A properties in the central business wardt.

• Reference Rent: $33 - $35 /sqm/month (rates may vary depending on the leased area and signing time).
• Service Charge: 7 USD/sqm/month.
• VAT: 10%.
• Motorbike Parking Fee: 120,000 VND/motorbike/month (limited free parking available based on leased area).
• Car Parking Fee: 3,800,000 VND/car/month.
• Electricity Consumption: Air conditioning electricity is included in the service charge; office electricity is billed based on actual meter readings.
• Overtime Fee (OVT): Negotiable based on the specific operational needs of the tenant.
• Minimum Lease Term: Minimum 3-year lease.
• Deposit & Payment: 3-month deposit - Quarterly payment.

Suitable Tenant Profiles and Checks

With its prime location and 5-star services, HCO Building is the perfect fit for multinational corporations, financial institutions, investment funds, law firms, and large-scale technology enterprises looking to assert their brand prestige. When conducting a physical site survey, businesses should pay attention to the following key technical points:

• Net Usable Area Efficiency: Carefully measure the net usable area versus the gross area to optimize desk layout density.
• Parking Capacity: Confirm the number of free motorbike slots and the availability of car parking spaces for executives during peak hours.
• Overtime Costs (OVT): Clearly negotiate the overtime fee calculation method if your business frequently works late or operates night shifts.
• Central Air Conditioning: Inspect the operation of the Chiller system and the ability to adjust temperatures for individual working zones.

Advisory Conclusion

HCO Building stands as a symbol of professional operation and prestige in central Hanoi, delivering exceptional brand value to its tenants. To receive the latest vacant area updates, detailed cost sheets, and to schedule a physical tour, please contact GRES consultants.