Lancaster Luminaire GRADE A

Building Overview

Located on the bustling street of 1152 – 1154 Lang Street, Lang Ward, Hanoi, Lancaster Luminaire sets a new benchmark for operational cost optimization for large-scale enterprises at the strategic intersection of Dong Da, Cau Giay, and Ba Dinh ward. Completed in 2022 with the prestigious LEED Gold certification, this Grade A office building not only elevates brand prestige but also effectively addresses long-term cash flow challenges through its highly energy-efficient design. Rising 27 above-ground floors and 04 basement floors, Lancaster Luminaire offers a typical floor plate of 1000 sqm/floor. The column-free floor design, combined with a 2.7m clear ceiling height and a 100mm raised floor system, allows tenants to maximize net usable area, providing ultimate flexibility in office layout and high-density seating arrangements while maintaining optimal ventilation.

Location and Connectivity

The building is situated at the prime frontage of 1152 – 1154 Lang Street, Lang Ward, Hanoi, right on the arterial ring road that connects the new Western commercial hub with the traditional city center. This strategic location minimizes travel time for employees and clients during peak hours.

• Lang - Cau Giay - Nguyen Chi Thanh Arterial Roads: Offers direct and rapid connection to Dong Da, Ba Dinh, and Cau Giay ward within just 2 to 5 minutes of driving.
• Cau Giay Metro Station & Thu Le Park: Located just 500m from the metro station and 700m from Thu Le Park, facilitating public transit options and enhancing corporate hospitality value.
• Noi Bai International Airport: Easily accessible within 25-30 minutes via Vo Chi Cong Street and Nhat Tan Bridge, streamlining travel schedules for executives and foreign experts.
• Surrounding Amenities Ecosystem: Surrounded by a dense network of major commercial banks, business cafes, restaurants, and a vibrant shopping mall right at the building's podium, fully catering to daily dining and client entertainment needs.

Technical Specifications and Operations

To assist businesses in evaluating actual operational standards, GRES provides a comprehensive technical checklist for the building below:

• Scale & Floor Plate: Comprising 27 above-ground floors and 04 basement floors; typical floor plate of 1000 sqm/floor with a column-free layout and a 100mm raised floor system for flexible underfloor cabling.
• Ceiling Height: Reaches a standard 2.7 m clear height, ensuring maximum spaciousness for high-density office environments.
• Elevator System: Equipped with 08 Kone passenger elevators and 01 service elevator, minimizing wait times during morning and evening rush hours.
• Air Conditioning System: State-of-the-art central air conditioning system, ensuring uniform cooling efficiency and energy savings.
• Backup Power: Backup generator ensuring 100% power capacity to maintain uninterrupted business operations during power grid incidents.
• Parking Facilities: Spacious parking across 04 basement floors, fully resolving the parking needs of both 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

From a financial and long-term cash flow perspective, Lancaster Luminaire offers highly competitive commercial terms in the Grade A segment, highlighted by the inclusion of air conditioning electricity during standard working hours.

• Reference Rental Price: $23 - $27 /sqm/month (subject to change depending on leased area and lease commencement date).
• Service Charge: 6 USD/sqm/month.
• VAT: 10%.
• Motorbike Parking Fee: 120,000 VND/motorbike/month.
• Car Parking Fee: 3,000,000 VND/car/month.
• Electricity Consumption: Billed based on actual usage via individual sub-meters.
• Air Conditioning Electricity: Included in service charge (providing substantial monthly operational savings for tenants).
• Overtime (OVT) Fee: Negotiable (highly favorable for night-shift operations or BPO businesses).
• Minimum Lease Term: Minimum 3-year lease.
• Deposit & Payment: 3-month deposit - Quarterly payment, ensuring stable cash flow management.

Suitable Tenant Profiles and Checks

With its LEED Gold certification, which saves 25% on electricity and 40% on water consumption, the building is the perfect headquarters for Multinational Corporations (MNCs) requiring global standards, technology firms, financial institutions, and BPO operations requiring extended hours due to highly optimized overtime AC policies. Before finalizing the lease, tenants should conduct the following practical inspections:

• Verify Actual Net Usable Area: Compare gross and net areas to draft the most efficient interior layout for the projected headcount.
• Check Parking Capacity Allocation: Clarify the exact quota of car and motorbike parking slots allocated to the business in the 04 basement floors during peak hours.
• Evaluate Overtime (OT) Costs: Negotiate detailed OT terms based on actual needs, leveraging the building's exceptionally low OT AC fees (~491,000 VND/hour for evening shifts and 1,165,376 VND/hour for night shifts).
• Confirm Handover Condition and Timeline: Inspect the raw handover state (100mm raised floor, ceiling, fire fighting system) to accurately calculate fit-out duration and costs.

Advisory Conclusion

Lancaster Luminaire stands out as one of the few Grade A office buildings in Hanoi that successfully addresses two critical requirements: establishing a world-class brand presence (LEED Gold) and optimizing actual operational costs through its inclusive AC electricity and highly competitive overtime fees. To receive a detailed quotation, current vacancy updates, and professional negotiation support for the best commercial terms, please contact GRES consultants today.