Petrowaco Tower GRADE B

Building Overview

Located in a bustling central business wardt, Petrowaco Tower is a prominent Grade B office building completed in 2019 by Petrowaco Petroleum Real Estate JSC. Featuring 27 stories and 3 basements, with floors 1 to 7 dedicated to retail and office spaces, the building offers an expansive typical floor plate of 1200 sqm. From a financial perspective, this is one of the most cost-effective options in Dong Da Ward, thanks to a highly competitive gross rental structure that already includes service fees.

Location and Connectivity

Situated on Lang Ha Street, Dong Da Ward, Hanoi, Petrowaco Tower boasts a prime frontage at the intersection of Lang Ha and Thai Thinh, one of the capital's most vibrant financial and commercial corridors. This arterial route plays a crucial role in linking major central ward, facilitating seamless trade and business operations.

• Lang Ha arterial route: Provides quick access to Ba Dinh, Cau Giay, and Thanh Xuan ward via Huynh Thuc Khang, Thai Ha, and Lang streets.
• Nearby Hotels / Malls / Parks: Positioned close to Thanh Cong Lake, the National Cinema Center, and major financial institutions, offering excellent diplomatic advantages for hosting clients.
• Noi Bai International Airport: Approximately a 30-minute drive via Vo Chi Cong Street and Nhat Tan Bridge, ensuring efficient travel schedules.
• Surrounding amenities ecosystem: Surrounded by a dense network of commercial banks, restaurants, and business cafes right at the doorstep and surrounding areas.

Technical Specifications and Operations

The technical infrastructure at Petrowaco Tower is modernly invested to ensure continuous operational efficiency for tenants with standard specifications.

• Scale & Floor plate: Comprises 27 stories and 3 basements, with a typical floor plate of 1200 sqm designed with an open layout to maximize usable space.
• Ceiling height: Reaches a standard of 2.65 m, ideal for installing suspended ceilings and office lighting systems.
• Elevator system: Equipped with 4 high-speed passenger elevators and 1 dedicated service elevator to minimize waiting times during peak hours.
• Air conditioning system: Features a modern central air conditioning system providing deep cooling efficiency and energy savings.
• Backup power: A backup generator guarantees 100% power capacity for the entire building in the event of a power outage.
• Parking: Offers 3 spacious basement levels, fully meeting the motorbike and car parking needs of staff and visiting clients.
• Standard working hours: Monday - Friday from 8:00 AM to 6:00 PM, and Saturday from 8:00 AM to 12:30 PM.

Leasing Costs and Commercial Terms

From a financial standpoint, Petrowaco Tower offers a significant cash flow advantage for businesses through a transparent fee structure and integrated service fees.

• Reference rent: $17 - $20 /sqm/month (rates may vary depending on the floor and actual leased area).
• Service fee: Already included in the rental price, helping businesses easily control their fixed monthly budget.
• VAT: 10%.
• Motorbike parking fee: 60,000 VND/vehicle/month.
• Car parking fee: 1,100,000 VND/car/month.
• Electricity consumption: Billed based on actual consumption via individual office meters.
• Overtime fee (OVT): Negotiable based on leased area size and actual business requirements.
• Minimum lease term: Minimum 3 years.
• Deposit & Payment: 3-month deposit with quarterly payments to ensure cash flow stability.

Suitable Tenant Profiles and Checks

With a large floor plate of 1200 sqm and a flexible open-plan layout, the building is ideal for large corporations, technology firms, financial institutions, or businesses requiring a centralized workspace to optimize team collaboration. However, during site inspections, tenants should pay attention to several key technical aspects to avoid unexpected future costs.

• Operating cost balance: Compare the total actual cost (including gross rent, parking fees, and metered AC electricity) with neighboring buildings to clearly see the financial advantages of Petrowaco Tower.
• Workspace allocation: Measure the net usable area versus the gross area to plan an optimal layout for workstations on the 1200 sqm floor.
• Parking capacity: Verify the actual allocation of motorbike and car parking slots in the 3 basements during peak hours to ensure convenience for employees.
• Overtime fee negotiation: Clarify the calculation method for overtime charges if your business operates night shifts or works outside standard hours.

Advisory Conclusion

Petrowaco Tower at 97-99 Lang Ha is an outstanding Grade B office solution that effectively addresses budget constraints and optimizes operating costs for medium to large-scale enterprises. The combination of a central location, spacious floor plates, and a smart gross rental policy delivers a superior financial edge. To receive a detailed quotation, check the latest vacant spaces, and schedule a site visit, please contact GRES consultants today for comprehensive and professional assistance.