GP Invest Building GRADE C

Building Overview

Under the market analysis perspective of GRES experts, GP Invest Building at 170 La Thanh stands out as one of the Grade C office options boasting the largest floor plates in the Dong Da area. With the dedicated office block spanning from the 1st to the 4th floor of a 22-story mixed-use development, the building offers an expansive typical floor plate of 2500 sqm. This rare floor layout allows businesses to consolidate their entire operations onto a single floor instead of splitting departments across multiple levels, thereby significantly maximizing internal collaboration and operational efficiency.

Location and Connectivity

The building is located at the prime street front of 170 La Thanh, O Cho Dua Ward, Hanoi, situated on the La Thanh dike route which directly connects major traffic intersections of Dong Da and Ba Dinh ward. Although the La Thanh route experiences high traffic density during peak hours, accessing the building has become much more convenient thanks to its flexible connection to surrounding arterial roads.

• La Thanh, Xa Dan, and Giang Vo arterial routes: Form a comprehensive transport network, allowing businesses to easily commute to Ba Dinh, Cau Giay, and Thanh Xuan ward.
• Nearby Hotels and Commercial Centers: Located close to major commercial hubs, facilitating smooth partner receptions and corporate diplomatic activities.
• Noibai International Airport: Approximately 35-40 minutes away via the Vo Chi Cong route and Nhat Tan Bridge, ensuring seamless business travel schedules.
• Surrounding Amenities Ecosystem: The surrounding area is fully packed with major transaction banks, restaurants, eateries, and office cafes, perfectly meeting the daily lifestyle needs of employees.

Technical Specifications and Operations

GP Invest Building is equipped with synchronized technical infrastructure to ensure the highest level of stability for business operations:

• Scale & Floor Plate: Comprises 22 stories and 02 basements, with the entire space from the 1st to the 4th floor dedicated to the office block, featuring a typical floor plate of 2500 sqm.
• Ceiling Height: Reaches a standard of 2.7 m, creating a well-ventilated working environment and allowing easy installation of acoustic suspended ceilings.
• Elevator System: Equipped with 2 high-speed elevators dedicated to the office block, minimizing waiting times during peak hours.
• Air Conditioning System: Utilizes a modern central air conditioning system, allowing flexible temperature control across different work zones.
• Backup Power: 100% backup power generator is available, ensuring uninterrupted business operations during power outages.
• Parking: Parking available across 2 basement levels and the surrounding courtyard, fully accommodating the motorbike and car parking needs of staff.
• Standard Working Hours: Monday to Friday (8:00 AM - 6:00 PM) and Saturday (8:00 AM - 12:00 PM).

Leasing Costs and Commercial Terms

The detailed breakdown of rental costs and commercial terms at the building is compiled by GRES as follows:

• Reference Rental Price: $9 - $10 /sqm/month (highly competitive considering the massive floor plate size in this area).
• Service Fee: 2 USD/sqm/month.
• VAT: 10%.
• Motorbike Parking Fee: 90,000 VND/motorbike/month.
• Car Parking Fee: 1,200,000 VND/car/month.
• Electricity Consumption: Actual consumption based on meter readings for each individual office.
• Overtime (OVT) Fee: Negotiable based on leased area size and actual usage requirements.
• Minimum Lease Term: Minimum 3-year lease.
• Deposit & Payment: 3-month deposit - Quarterly payment.

Suitable Tenant Profiles and Checks

With its unique advantage of an extremely large floor plate of up to 2500 sqm, GP Invest Building is an ideal choice for businesses with large staff sizes, IT companies, training centers, or multinational corporations looking to design open-space offices without partitions. However, to ensure maximum operational efficiency, businesses should carefully analyze the following practical factors:

• Elevator efficiency during peak hours: The office block uses 2 dedicated elevators; businesses with large headcounts should consider staggered working hours to avoid peak-time congestion.
• Net vs. Gross area allocation: With a massive 2500 sqm floor plate, it is crucial to verify the ratio of actual usable area (net) to wall-to-wall area (gross) to optimize rental costs.
• Air conditioning electricity costs: Since a central AC system is used, businesses should clarify the billing method for cooling costs outside standard working hours.
• Traffic density on the main route: The De La Thanh route is often congested during rush hours; alternative commuting routes for staff and clients should be surveyed.

Advisory Conclusion

GP Invest Building is one of the Grade C office options offering the best space efficiency in the Dong Da area, thanks to its highly reasonable rental rates and spacious floor plates. For businesses prioritizing the optimization of operating costs per square meter while maintaining a large-scale centralized workspace, this is an unmissable leasing opportunity. Contact GRES leasing specialists today to receive a detailed quotation, the latest vacant space updates, and to schedule a site visit completely free of charge.