The Gloria Building GRADE B

Building Overview

Located on Nguyen Hong Street, Giang Vo Ward, Hanoi, The Gloria Building offers an optimal budget solution for businesses seeking professional Grade B office spaces. Comprising 12 above-ground floors and 3 basement floors, the building features a typical floor plate of approximately 700 sqm, professionally managed by the renowned Silk Path Hotels & Resorts. From a financial perspective, this is one of the few central buildings that completely eliminates hidden operational costs through its complimentary overtime (OVT) policy and actual-consumption-based AC electricity billing. The combination of modern construction standards, LEED certification, and hotel-grade management services allows tenants to maximize efficiency for every square meter of usable area.

Location and Connectivity

The building is situated at the prime frontage of 8 Nguyen Hong, Giang Vo Ward, Hanoi, a central hub connecting key transport routes, facilitating seamless business transactions and daily commutes.

• Huynh Thuc Khang - Lang Ha Axis: Directly connects to bustling office corridors, allowing businesses easy access to financial institutions, major banks, and government offices.
• Thanh Cong Lake and Park: Located within a 500m radius, providing a refreshing green space that enhances the working environment's aesthetic and well-being values.
• Noi Bai International Airport: Approximately 30 to 40 minutes away via Vo Chi Cong Street and Nhat Tan Bridge, ensuring convenient travel for business trips and international client receptions.
• Surrounding Ecosystem: Densely packed with major bank branches, culinary restaurants, and office cafes, perfectly catering to client entertainment and daily staff needs.

Technical Specifications and Operations

To evaluate the technical compatibility of the building with your actual operational requirements, businesses can refer to the following core specifications:

• Scale & Floor Plate: Consists of 12 above-ground floors and 3 basement floors, with a typical floor plate of approx. 700 sqm designed to be highly regular, maximizing net usable area.
• Ceiling Height: Reaches a standard of 2.7 m, ensuring an airy workspace and facilitating the installation of technical ceiling systems.
• Elevator System: Equipped with 3 high-speed elevators, ensuring rapid vertical transit during peak hours.
• Air Conditioning: Utilizes a modern central air conditioning system, distributing temperature evenly across all office zones.
• Backup Power: 100% capacity backup generator, ensuring uninterrupted business operations.
• Parking: 3 spacious basement floors, fully accommodating the motorbike and car parking needs of employees and 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 office rental budget breakdown at the building is clearly structured, helping businesses plan their long-term cash flow with ease:

• Reference Rent: $24 - $25 /sqm/month (rates may vary depending on the leased area and signing lease term).
• Service Fee: 3 USD/sqm/month, which includes professional property management by Silk Path Hotels & Resorts.
• VAT: 10%.
• Motorbike Parking Fee: 250,000 VND/motorbike/month.
• Car Parking Fee: 2,500,000 VND/car/month.
• Electricity Fee: Billed based on actual consumption via individual meters for each office.
• Overtime Fee (OVT): Complimentary, significantly optimizing costs for businesses that regularly work late or run night shifts.
• Minimum Lease Term: Minimum 3 years.
• Deposit & Payment: 3-month deposit - Quarterly payment, ensuring stability for corporate cash flow.

Suitable Tenant Profiles and Checks

With its advantage of zero overtime fees and a central location in Giang Vo Ward, the building is highly suitable for companies in Information Technology, Finance & Securities, Logistics, and multinational corporations requiring high-standard management services. Before signing the lease agreement, businesses should conduct a physical survey based on the following checklist:

• Verify Net Usable Area: Measure the actual usable area versus the wall-to-wall area to plan the most efficient desk layout.
• Assess Parking Capacity: Physically inspect the capacity of the 3 basement floors during morning and afternoon peak hours to ensure sufficient space for a large workforce.
• Confirm AC Billing Mechanism: Clarify how the AC electricity meter readings are recorded to control monthly energy expenses.
• Check Technical Infrastructure: Evaluate internet bandwidth speeds and the location of electrical connection panels in the prospective rental area.

Advisory Conclusion

The Gloria Building stands out as one of the best Grade B office choices in the Giang Vo area when balancing cost and operational quality. The complimentary overtime policy combined with Silk Path's professional management creates a superior competitive edge, helping businesses elevate their brand image while tightly controlling operational cash flow. Contact a GRES specialist today to receive a detailed quote, check the latest vacancy updates, and schedule a physical site inspection.