Tòa nhà Thông Tấn Xã GRADE B

Building Overview

Located on Tran Hung Dao street, Cua Nam Ward, Hanoi, a bustling administrative and diplomatic hub, Thong Tan Xa Building is an ideal destination for businesses seeking a prestigious office address. With a well-proportioned floor plate of 570 sqm, this building is highly optimized for small and medium enterprises (SMEs), IT firms, financial companies, or foreign representative offices requiring a professional working environment with optimized operating costs in the city center.

Built with a scale of 8 above-ground floors and 1 basement, this Grade B office building provides a high-quality working environment. The open-floor design maximizes actual usable space, helping businesses flexibly arrange departments and optimize headcount density per square meter.

Location and Connectivity

Located at 11 Tran Hung Dao, Cua Nam Ward, Hanoi, the building sits on one of the most prestigious and vital arterial routes in the central wardt, home to numerous high-level government agencies and international financial organizations.

• Tran Hung Dao arterial route: Connects directly and quickly to major streets such as Le Duan, Ba Trieu, and Pho Hue, making inter-wardt travel to Hai Ba Trung, Ba Dinh, and Dong Da extremely convenient.
• Hoan Kiem Lake: Only a 5-minute drive (approximately 2km) to reach the heart of the capital, facilitating diplomatic activities, client meetings, and hosting VIP guests.
• Noi Bai International Airport: Takes about 30 minutes via Vo Chi Cong street and Nhat Tan bridge, ensuring smooth business travel schedules for executives and foreign experts.
• Surrounding utility ecosystem: Close to major banks like Vietcombank, BIDV, government ministries like the Ministry of Finance, along with premium restaurants and office cafes serving daily business needs.

Technical Specifications and Operations

The building is equipped with synchronous and modern technical infrastructure to ensure continuous operational efficiency for businesses:

• Scale & Floor plate: Consists of 8 above-ground floors and 1 basement; typical floor area reaches 570 sqm/floor with a square layout, easy to divide into functional zones.
• Ceiling height: Reaches a standard of 2.7m, creating an airy working space and allowing easy installation of plaster ceilings and office lighting.
• Elevator system: Equipped with 2 passenger elevators + 1 service elevator (Mitsubishi) to minimize waiting times during peak hours.
• Air conditioning system: Modern central air conditioning system, distributing temperature evenly and maintaining fresh air throughout the space.
• Backup power: 100% backup power generator capacity, ensuring business operations are not interrupted during power grid failures.
• Parking: 1 basement floor and surrounding areas of the building adequately meet the parking needs of staff and visiting clients.
• 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 in the central Hoan Kiem wardt with clear commercial terms:

• Reference rent price: $17-$19 /sqm/month (rates may vary depending on the leased area and lease signing timing).
• Service fee: Included in rent, helping businesses easily plan their fixed monthly budget.
• VAT: 10%.
• Motorbike parking fee: 4.3 USD/motorbike/month (free parking for a certain number of motorbikes based on leased area).
• Car parking fee: Off-site parking according to actual coordination and guidance.
• Electricity consumption: Actual consumption based on individual office meter readings.
• Overtime fee (OVT): No charge if AC is not used. AC usage: 0.2 USD/sqm/hour.
• Minimum lease term: Minimum 3-year lease to ensure operational stability for businesses.
• Deposit & Payment: 3-month deposit - Quarterly payment in accordance with market practices.

Suitable Tenant Profiles and Checks

With its prime administrative location and reasonable costs, the building is particularly suitable for businesses in Finance, Banking, Information Technology (IT), Media, and foreign representative offices. To ensure the workspace fully meets actual requirements, businesses should conduct a site survey focusing on the following points:

• Net usable area survey: Measure the actual net area versus wall-to-wall area to accurately calculate the number of workstations to be installed.
• Check parking capacity at peak hours: Evaluate the actual capacity of the basement and surrounding areas during morning arrival and afternoon departure times.
• Assess elevator efficiency: Experience the actual speed of the Mitsubishi elevator system during peak hours to estimate staff waiting times.
• Verify motorbike parking policy: Clarify the number of free motorbike parking slots allocated to the leased area to optimize auxiliary costs.
• Calculate overtime costs (OVT): Estimate the company's late-working frequency to calculate the cost of using air conditioning after hours (0.2 USD/sqm/hour).

Advisory Conclusion

Thong Tan Xa Building is one of the most optimal Grade B office options on Tran Hung Dao street, combining a central location, stable operational quality, and highly competitive rental rates. To receive a detailed quotation, the latest updates on vacant spaces, and to schedule an actual site visit, please contact GRES consultants immediately for comprehensive and professional support.