The Nine GRADE B

Building Overview

Officially put into operation in 2021 by Global Real Estate Investment Joint Stock Company, The Nine office building has quickly established itself as one of the most modern workspaces in the West of Hanoi. Featuring a scale of 30 above-ground floors and 3 basement levels, with Floors 1 to 6 dedicated exclusively to premium office spaces, this EDGE green-certified building offers optimal spatial solutions for businesses.

The most significant advantage of the building lies in its exceptionally spacious layout of 2,300 sqm per floor, allowing large enterprises to easily design open-plan offices and maximize usable area without being obstructed by large concrete columns. However, the integration of a commercial podium and luxury apartments above requires a highly synchronized security and traffic control system to prevent local congestion during peak hours.

Location and Connectivity

Located at 9 Pham Van Dong, Phu Dien Ward, Hanoi, The Nine occupies a prime frontage on the city's vital ring road. This is a key commercial route directly connecting Bac Tu Liem, Cau Giay, and Nam Tu Liem ward, facilitating seamless travel and business transactions.

• Pham Van Dong Street and Ring Road 3: Enable businesses to quickly commute to central ward and the western area via major routes such as Ho Tung Mau, Pham Hung, and Xuan Thuy.
• My Dinh National Stadium: Only a 15-minute drive away, highly convenient for hosting large events and welcoming diplomatic partners.
• Noi Bai International Airport: Directly connected via Thang Long Bridge or Nhat Tan Bridge with a travel time of approximately 25-30 minutes, optimizing business travel schedules for executives.
• Surrounding ecosystem of amenities: The area is home to numerous major bank branches such as Vietinbank, BIDV, and Agribank, along with premium restaurants and office cafes, fully meeting the reception and daily needs of employees.

Technical Specifications and Operations

The Nine is comprehensively equipped with modern technical infrastructure to ensure an optimal operational experience for tenants:

• Scale & Floor plate: 30 above-ground floors and 3 basement levels. Office space available on Floors 1-6 with a typical floor plate of 2,300 sqm. The column-free layout maximizes usable net area.
• Ceiling height: Reaches a standard of 2.7 m, creating an airy working environment and allowing easy installation of technical ceilings.
• Elevator system: Equipped with 2 high-speed elevators dedicated to the office block, ensuring rapid vertical transportation.
• Air conditioning system: Modern central air conditioning system, providing even temperature distribution and energy efficiency.
• Backup power: 100% backup power capacity, ensuring uninterrupted operations across the entire building during power outages.
• Parking: 3 spacious basement levels, fully meeting the parking needs of both motorbikes and cars for staff and clients.
• Standard working hours: Monday - Friday: 8:00 AM - 6:00 PM; Saturday: 8:00 AM - 12:00 PM.

Leasing Costs and Commercial Terms

Financial terms and operational costs at the building are applied transparently as follows:

• Reference rent: $13 - $15 /sqm/month (subject to change depending on the leased area and lease commencement date).
• Service fee: 2.7 USD/sqm/month.
• VAT: 10%.
• Motorbike parking fee: 91,000 VND/motorbike/month.
• Car parking fee: 1,500,000 VND/car/month.
• Electricity consumption: Actual consumption as per meter.
• Overtime fee (OVT): Negotiable based on the actual operational needs of the business.
• Minimum lease term: Minimum 3-year lease.
• Deposit & Payment: 3-month deposit - Quarterly payment.

Suitable Tenant Profiles and Checks

With its massive floor plate of 2,300 sqm and international EDGE green certification, The Nine is an ideal choice for large-scale enterprises, multinational corporations, tech firms, financial institutions, or any organization prioritizing modern and sustainable workspaces. However, from a practical operational standpoint, tenants should carefully evaluate several key factors before signing a lease:

• Elevator performance during peak hours: Given the building's mixed-use nature (residential, commercial, and office), tenants should conduct on-site surveys of elevator wait times during morning and afternoon peak hours.
• Net vs. Gross area ratio: With such a large floor plate, it is crucial to calculate the exact ratio of usable (net) area to gross area to optimize rental expenses.
• Overtime (OVT) costs: For IT companies or businesses operating night shifts, clear negotiation on overtime fees is essential to avoid unexpected operational overheads.
• Parking capacity: Assess the actual capacity of the 3 basements to accommodate a high volume of cars and motorbikes during peak business hours.

Advisory Conclusion

The Nine stands out as a premier office destination in West Hanoi, thanks to its modern technical infrastructure, superior column-free floor plates, and energy-saving EDGE green standards. Despite minor considerations regarding mixed-use traffic flow, it remains a highly compelling option in terms of cost-benefit balance for large enterprises. Contact GRES specialists today to receive a detailed quotation, check the latest vacancy updates, and schedule a site visit.