Vinafor Building GRADE B

Building Overview

Featuring a robust structure of 14 above-ground floors and 2 basement levels completed in 2012, Vinafor Building at 127 Lo Duc provides an outstanding cost-optimization solution for large-scale enterprises in the Hai Ba Trung wardt. As a professional Grade B office building, it offers a typical floor plate of up to 1,200 sqm, enabling businesses to easily design centralized workspaces and eliminate the fragmented cash flow associated with leasing multiple smaller floors.

From a financial perspective, Vinafor Building stands out as one of the few central properties offering a highly competitive rental rate of $14 - $15 /sqm, coupled with a policy that includes central air conditioning electricity during standard working hours. This core advantage allows tenants to strictly control their fixed monthly operating budgets and mitigate the risk of variable utility costs amidst fluctuating energy prices.

Location and Connectivity

The building is strategically located on the main street front at 127 Lo Duc, Hai Ba Trung Ward, Hanoi, adjacent to the key intersection of Lo Duc and Yec Xanh, offering seamless commercial connectivity to the Hoan Kiem central business wardt and neighboring areas.

• Lo Duc Main Street: Connects directly and swiftly to major central streets such as Tran Hung Dao, Phan Chu Trinh, and Pho Hue, optimizing travel time for employees and business partners.
• Hoan Kiem Lake Area: Located just 5-7 minutes away by car, facilitating external diplomatic activities, welcoming foreign partners, and hosting corporate events.
• Noi Bai International Airport: Approximately 35-40 minutes away via the Tran Khat Chan - Nguyen Khoai dyke route connecting to Nhat Tan Bridge or Chuong Duong Bridge, ensuring smooth business travel schedules.
• Surrounding Utility Ecosystem: Surrounded by a high density of major bank branches (Vietcombank, BIDV, Techcombank), diverse restaurants, and business cafes, fully catering to the daily dining and entertainment needs of staff.

Technical Specifications and Operations

Vinafor Building is systematically designed to professional office standards, ensuring maximum operational efficiency for businesses with impressive technical parameters:

• Scale & Floor Plate: Comprising 14 above-ground floors and 2 basement levels; typical floor plate of 1,200 sqm/floor with a square, column-free layout that optimizes net usable area.
• Ceiling Height: Reaches a standard of 2.7 m, providing a spacious working environment and facilitating the installation of technical ceilings and lighting systems.
• Elevator System: Equipped with 5 high-speed elevators and 2 escalators from the 1st to the 2nd floor, effectively resolving congestion during peak hours.
• Air Conditioning System: Utilizes a modern VRV III central air conditioning system with flexible temperature control for individual working zones.
• Backup Power: 100% backup power generator capacity, ensuring uninterrupted business operations during power grid failures.
• Parking Space: Spacious parking available in 2 basement levels and surrounding areas, fully accommodating the motorbike and car parking needs of staff and visitors.
• Standard Working Hours: Monday - Friday: 8:00 AM - 6:00 PM, Saturday: 8:00 AM - 12:30 PM, perfectly matching the operational rhythm of most modern businesses.

Leasing Costs and Commercial Terms

The cost structure at Vinafor Building is highly optimized and transparent, offering significant cash flow advantages for businesses with long-term financial planning:

• Reference Rent: $14 - $15 /sqm/month (highly competitive compared to other properties in the same segment within central ward).
• Service Charge: 5 USD/sqm/month (covering management, security, and common area cleaning).
• VAT: 10%.
• Motorbike Parking Fee: 200,000 VND/motorbike/month.
• Car Parking Fee: 1,800,000 VND/car/month.
• Electricity for AC: Included in service charge, saving tenants a substantial amount of monthly operating expenses.
• Overtime Fee (OVT): Negotiable based on the leased area and actual usage requirements.
• Minimum Lease Term: Minimum 3-year lease, ensuring business stability.
• Deposit & Payment: 3-month deposit - Quarterly payment, aligned with standard commercial practices.

Suitable Tenant Profiles and Checks

With its large, square, and column-free floor plate of 1,200 sqm, Vinafor Building is the ideal choice for large-scale enterprises, technology corporations, training centers, or financial and insurance firms requiring a centralized workspace to enhance internal collaboration.

• Floor Efficiency: Carefully inspect the ratio of net usable area to gross area to plan the most optimal desk layout for the projected headcount.
• Overtime Policy (OVT): For tech companies or customer service departments operating night shifts, clarify any potential overtime charges beyond the included AC electricity.
• Peak Hour Parking Capacity: Assess the actual traffic flow in the 2 basements during morning arrival and afternoon departure hours to establish an efficient parking coordination plan for employees.
• Elevator and Escalator Performance: Check the operation and speed of the 5 elevators and 2 escalators to ensure a smooth visitor experience, especially on the lower floors.

Advisory Conclusion

Vinafor Building at 127 Lo Duc is one of the most cost-effective Grade B office options in the Hai Ba Trung wardt, thanks to its large floor plates, central location, and particularly the inclusion of AC electricity in the service charge. To receive a detailed operational cost breakdown and schedule a physical site inspection of the vacant spaces, please contact GRES today for professional advisory and negotiation of the most favorable commercial terms.