789 Office Building GRADE B

Building Overview

789 Office Building is a prominent Grade B office building in the western area of Hanoi, invested and directly operated by General Corporation 789 since 2015. With a scale of 26 above-ground floors and 03 basements, the building offers a generous typical floor plate of 1714 sqm. It is one of the few buildings in its segment to hold both Green Mark and EDGE green building certifications, ensuring outstanding energy efficiency and optimizing actual operational costs for tenants.

Location and Connectivity

The building is located at the exact public address of 147 Hoang Quoc Viet, Nghia Do Ward, Ha Noi, situated on a key arterial route connecting the central ward with the northwestern urban areas.

• Hoang Quoc Viet arterial route: Connects quickly to the Buoi - Vo Chi Cong intersection, facilitating smooth travel to Ba Dinh, Tây Hồ, and Cau Giay ward without major traffic congestion.
• Starlake and Tay Ho Tay urban areas: Only 5 to 10 minutes away, providing easy access to international business communities and new administrative centers.
• Noi Bai International Airport: Approximately 25 to 30 minutes away via Vo Chi Cong road and Nhat Tan bridge, highly convenient for business trips and welcoming foreign partners.
• Surrounding utility ecosystem: High density of major bank branches, restaurants, and business cafes, fully serving the reception and daily needs of office staff.

Technical Specifications and Operations

To ensure continuous operational efficiency, businesses should review the actual technical specifications of the building:

• Scale & Floor plate: 26 above-ground floors and 03 basements, with a typical floor plate of 1714 sqm/floor, designed to optimize desk layout density.
• Ceiling height: Reaches a standard of 2.7 m, creating an airy space and allowing easy installation of technical ceilings.
• Elevator system: Equipped with 07 Mitsubishi passenger elevators and 01 service elevator, minimizing waiting times during peak hours.
• Air conditioning system: Modern Daikin Inverter VRV central air conditioning system, allowing flexible temperature adjustment for each work zone.
• Backup power: 100% backup power generator capacity, ensuring uninterrupted business operations during power outages.
• Parking space: 03 spacious basement parking levels, fully meeting the motorbike and car parking needs of both staff and visitors.
• Standard working hours: Monday - Friday: 8:00 AM - 6:00 PM; Saturday: 8:00 AM - 12:00 PM.

Leasing Costs and Commercial Terms

Below is a summary of the rental costs and commercial terms at the building, helping businesses plan their budgets accurately:

• Reference rental rate: $11 - $13 /sqm/month (highly competitive within the segment).
• Service charge: 5 USD/sqm/month.
• VAT: 10%.
• Motorbike parking fee: 100,000 VND/motorbike/month.
• Car parking fee: 1,500,000 VND/car/month.
• Electricity usage: Included in service charge for air conditioning.
• Overtime fee (OVT): Applicable for lease terms of 3 years or more.
• Minimum lease term: Minimum 3-year lease.
• Deposit & Payment: 3-month deposit - Quarterly payment.

Suitable Tenant Profiles and Checks

With a large floor plate of 1714 sqm and flexible space design, the building is particularly suitable for large-scale enterprises, multinational corporations, IT companies requiring high staff density, or financial institutions with strict requirements for technical infrastructure and green certifications (EDGE, Green Mark). Before signing the lease, businesses are advised to conduct a physical inspection of the following items:

• Staff density allocation: Measure the actual net usable area versus the gross wall-to-wall area to accurately calculate the number of desks that can be set up.
• Floor load capacity: Identify areas for server rooms or heavy document storage if required.
• Overtime air conditioning: Check the fee structure and operational mechanism of the Daikin VRV system when staff need to work overtime.
• Parking capacity: Assess the actual traffic flow in the 03 basements during morning and afternoon peak hours to ensure sufficient parking slots for new employees.

Advisory Conclusion

789 Office Building represents an optimal Grade B office solution in the Nghia Do area, combining reasonable rental rates, standard technical infrastructure, and energy-saving green building certifications. To receive a detailed quotation, the latest vacant area updates, and to schedule a physical viewing, please contact GRES consultants for comprehensive and professional support.