Phú Điền Building GRADE B

Building Overview

Developed by CTCP ĐTXD và Thương mại Phú Điền, Phú Điền Building delivers a professional workspace solution that meets stringent operational efficiency and environmental standards, backed by its prestigious LEED certification. This Grade B office building features 18 above-ground floors and 1 basement level, offering an efficient typical floor plate of 460 sqm in the heart of Hanoi's bustling commercial and administrative wardt.

Location and Connectivity

Located on the prime frontage of 83A Ly Thuong Kiet, Cua Nam Ward, Hanoi, Phú Điền Building occupies a highly sought-after position on one of the city's most prestigious historic streets. This area is home to numerous diplomatic missions, financial institutions, and premium office developments. Ly Thuong Kiet Street features well-planned transport infrastructure with wide lanes, effectively minimizing peak-hour congestion and ensuring smooth transit to neighboring ward.

• Ly Thuong Kiet Axis: Directly connects to key arterials such as Tran Hung Dao, Hai Ba Trung, and Le Duand, facilitating effortless inter-wardt travel.
• Hanoi Railway Station and Hoan Kiem Lake: Located just 3 to 5 minutes away, providing easy access to Hanoi Railway Station, Hoan Kiem Lake, and international 5-star hotels, which offers a major advantage for hosting diplomatic partners and VIP clients.
• Noi Bai International Airport: Approximately 35 minutes away via Vo Chi Cong Street and Nhat Tan Bridge, ensuring timely schedules for international business trips.
• Surrounding Amenities: Surrounded by a dense network of major bank branches, premium dining venues, and business cafes perfect for daily client entertainment.

Technical Specifications and Operations

To ensure a seamless operational environment, businesses should review the actual technical specifications of Phú Điền Building using the checklist below:

• Scale & Floor Plate: 18 above-ground floors and 1 basement level; typical floor plate of 460 sqm, designed to maximize usable workspace.
• Ceiling Height: Reaches a standard of 2.7 m, providing ample natural ventilation and optimal lighting.
• Elevator System: Equipped with 3 high-speed Mitsubishi elevators to minimize wait times during peak hours.
• Air Conditioning: Daikin 2-way central air conditioning system, ensuring even temperature distribution and energy efficiency.
• Backup Power: 100% capacity backup generator, securing continuous business operations during power outages.
• Parking: 1 basement level and outdoor parking around the building, flexibly accommodating staff parking needs.
• Standard Working Hours: Monday - Friday: 8:00 AM - 6:00 PM; Saturday: 8:00 AM - 12:30 PM.

Leasing Costs and Commercial Terms

The following is a summary of rental rates and commercial terms at the building, helping businesses plan their operational budgets effectively:

• Reference Rent: $16 - $18 /sqm/month (subject to change based on leased area and timing).
• Service Charge: 7 USD/sqm/month.
• VAT: 10%.
• Motorbike Parking Fee: Complimentary parking for a certain number of motorbikes based on leased area.
• Car Parking Fee: 2,500,000 VND/car/month (off-site parking).
• Electricity Charges: AC electricity is included in the service charge; other office equipment consumption is metered separately.
• Overtime Fee (OVT): Negotiable based on actual business requirements.
• Minimum Lease Term: Minimum 3-year lease.
• Deposit & Payment: 3-month deposit - Quarterly payment.

Suitable Tenant Profiles and Checks

With its green LEED certification and prime location in the central area, Phú Điền Building is highly suited for technology firms, financial institutions, international organizations, and multinational corporations prioritizing green spaces, energy efficiency, and a reputable corporate address. Before signing the lease, businesses should conduct a practical inspection of the following items:

• Net vs. Gross Area: Carefully measure the actual usable area (Net) versus the gross area to optimize the office layout and desk arrangements.
• Parking Capacity: Confirm the number of complimentary motorbike slots in the contract and check nearby alternative parking options for excess staff vehicles and clients.
• Overtime AC Costs: Clarify the electricity and operational fees for air conditioning if your business frequently operates outside standard working hours.
• Fit-out Policy: Verify the rent-free period allowed for office setup and the technical guidelines enforced by the building management.

Advisory Conclusion

Phú Điền Building stands out as one of the premier Grade B office buildings in central Hanoi, offering a perfect blend of a strategic commercial location and green LEED operational standards. To receive the latest updates on vacant spaces, a comprehensive cost breakdown, and to schedule a site visit, please contact the GRES consulting team today.