Viglacera Hoàng Hoa Thám GRADE C

Building Overview

From the independent market analysis of GRES specialists, Viglacera Hoang Hoa Tham stands out as a modern mixed-use complex offering significant floor plate advantages in Ngoc Ha Ward. Developed by Viglacera Corporation, this Grade C office building consists of two blocks (18 and 21 stories high), providing high-quality workspaces that effectively address the space requirements of businesses seeking large, contiguous layouts while maintaining highly competitive rental costs. From an operational perspective, the typical floor plate of approximately 1,000 sqm allows tenants to easily partition departments and optimize net usable area versus gross area. This represents a major competitive advantage over smaller buildings in the same segment, where expanding companies are often forced to split their operations across multiple floors, hindering internal collaboration.

Location and Connectivity

The building is located on the frontage of 671 Hoang Hoa Tham, Ngoc Ha Ward, Hanoi, a strategic intersection connecting the western economic hub with the city's political and administrative center.

• Hoang Hoa Tham and Buoi - Vo Chi Cong arterial roads: Enable rapid regional connectivity to Cau Giay, Tay Ho, and Ba Dinh ward, minimizing traffic congestion during peak hours thanks to the elevated ring road system.
• West Lake area: Located just 5 minutes away from West Lake, offering a refreshing landscape and convenient access for diplomatic meetings and corporate entertainment.
• Noi Bai International Airport: Accessible within 25 minutes via Vo Chi Cong Road and Nhat Tan Bridge, facilitating business travel for executives and welcoming international experts.
• Surrounding business ecosystem: The surrounding area is packed with major bank branches such as ACB, Vietcombank, and BIDV, along with supermarkets, restaurants, and cafes serving daily working needs.

Technical Specifications and Operations

The building's technical infrastructure is comprehensively invested to ensure continuous operational efficiency:

• Scale & Floor Plate: Comprises 2 blocks, 18 and 21 stories high, offering a typical floor plate of approximately 1,000 sqm with flexible partitioning options.
• Ceiling Height: Reaches a standard of 2.7 m, ensuring a well-ventilated working environment and easy installation of technical ceilings.
• Elevator System: Equipped with a high-speed elevator system to minimize waiting times during peak hours.
• Air Conditioning: Utilizes a new-generation central air conditioning system, ensuring consistent cooling performance and energy efficiency.
• Backup Power: Supported by a backup generator ensuring 100% power capacity to prevent business interruptions.
• Parking: Features 2 spacious basement levels, effectively accommodating the parking needs of employees and visiting clients.
• Standard Working Hours: Monday - Friday: 7:30 AM - 6:30 PM; Saturday: 7:30 AM - 1:00 PM.

Leasing Costs and Commercial Terms

The leasing policy at the building is highly competitive and transparent, making it suitable for various corporate budgets:

• Reference Rent: $9 - $12 /sqm/month (subject to change depending on leased area and lease timing).
• Service Fee: Included in the rental price, helping businesses easily control their fixed monthly overheads.
• VAT: 10%.
• Motorbike Parking Fee: 100,000 VND/motorbike/month.
• Car Parking Fee: 1,200,000 VND/car/month.
• Electricity Consumption: Based on actual consumption as per meter.
• Minimum Lease Term: Minimum 3-year lease.
• Deposit & Payment: 3-month deposit - Quarterly payment.

Suitable Tenant Profiles and Checks

With its large 1,000 sqm floor plates and economical rental rates, the building is an ideal choice for IT companies, design agencies, logistics firms, or any business requiring a centralized workspace for 50 to over 100 employees on a single floor.

• Verify structural layout: Inspect the physical column locations on the floor to plan an efficient interior layout, maximizing desk count and corridor space.
• Measure actual usable area: Clarify the net usable area versus the gross area stated in the contract to calculate the exact cost per usable square meter.
• Assess peak-hour parking: Evaluate the actual capacity of the 2 basements during morning and afternoon peak hours to plan alternative parking options if needed.
• Test AC and ventilation: Check the cooling distribution of the central AC system in corner zones to avoid uneven temperature distribution.

Advisory Conclusion

In conclusion, Viglacera Hoang Hoa Tham is one of the most cost-effective Grade C office options in Ngoc Ha Ward, thanks to its spacious floor plates and convenient connectivity. To receive a detailed report on current vacancies, a comprehensive operational cost breakdown, and to schedule a site visit, contact GRES specialists today for dedicated support and optimal lease negotiations.