Handico Tower GRADE B

Building Overview

Comprising 33 above-ground floors and 02 basement floors in the western hub of Hanoi, Handico Tower offers an outstanding cash flow optimization solution for businesses. Completed in 2015 by the Hanoi Housing Investment and Development Corporation, this Grade B office building features a typical floor plate of 850 sqm/floor, providing square, column-free workspaces that maximize net usable area.

From a financial perspective, this is one of the few buildings in its segment that strictly controls hidden costs by integrating a modern VRF central air conditioning system, with electricity for cooling already included in the service charge. This allows tenants to easily forecast a fixed monthly budget, eliminating energy cost fluctuations during peak summer months.

Location and Connectivity

The building is situated on the front of Pham Hung, Tu Liem Ward, Hanoi, right at the key intersection of the Western capital with synchronous and spacious transport infrastructure. Pham Hung Street is a vital arterial route directly connecting Cau Giay, Nam Tu Liem, and Thanh Xuan ward, facilitating seamless trade and daily commutes.

• Pham Hung arterial road: Quickly connects to Pham Van Dong Street and the Ring Road 3 elevated highway, creating smooth traffic flows to neighboring industrial zones and northern provinces.
• Keangnam Landmark 72 Hotel & Mall complex: Located directly opposite the building, less than a 2-minute walk away, offering outstanding diplomatic advantages and access to premium accommodation and conference services.
• Noi Bai International Airport: Takes approximately 30 minutes via the elevated highway and Nhat Tan Bridge, optimizing travel time for executive business trips.
• Surrounding utility ecosystem: Densely packed with major bank branches such as BIDV, Vietcombank, Techcombank, and a supportive network of restaurants and office cafes within a 500m radius.

Technical Specifications and Operations

Handico Tower is equipped with a synchronous technical infrastructure system to ensure continuous operational efficiency for businesses:

• Scale & Floor plate: Comprising 33 above-ground floors and 02 basement floors; typical floor plate of 850 sqm/floor designed for optimal space utilization, easily divisible from 130 sqm.
• Ceiling height: Reaches a standard of 2.7 m, creating an airy working environment and allowing easy installation of technical ceilings.
• Elevator system: 08 Mitsubishi brand elevators with high speed, minimizing waiting times during peak hours.
• Air conditioning system: Modern VRF central air conditioning system, allowing flexible temperature control for each office zone.
• Backup power: Generator supporting 100% backup power capacity for the entire building in case of grid failure.
• Parking space: Parking available across 02 basement floors, fully meeting the parking needs of both staff and visiting partners.
• Standard working hours: Monday - Friday: 8:00 AM - 6:00 PM, Saturday: 8:00 AM - 12:30 PM.

Leasing Costs and Commercial Terms

Positioned in the Grade B segment, the building offers a highly competitive rental rate and transparent commercial terms, helping businesses optimize cash flow:

• Reference rent: $13 - $14 /sqm/month (a highly reasonable rate for a modern high-rise tower on the Pham Hung axis).
• Service charge: 3.5 USD/sqm/month.
• VAT: 10%.
• Motorbike parking fee: 100,000 VND/motorbike/month.
• Car parking fee: 1,100,000 VND/car/month.
• Electricity consumption: Billed based on actual consumption via individual meters.
• AC electricity fee: Included in service charge (a major financial advantage that significantly reduces operational budgets).
• Overtime (OVT) fee: Negotiable depending on the leased area and actual usage requirements.
• Minimum lease term: Minimum 3-year lease to ensure business stability.
• Deposit & Payment: 3-month deposit - Quarterly payment, aligning with standard cash flow cycles.

Suitable Tenant Profiles and Checks

The building is particularly suitable for medium to large enterprises, multinational corporations in technology, finance, import-export, or businesses that frequently trade with Korean and Singaporean partners. The square 850sqm floor plate allows for highly efficient open-plan office layouts, minimizing dead space and optimizing headcount density per square meter.

• Check actual space efficiency: Carefully measure the net usable area versus the gross area to accurately calculate the number of workstations that can be set up.
• Survey peak-hour parking: Assess the parking capacity of the 02 basements during morning arrival and evening departure hours to avoid inconvenience for staff.
• Negotiate overtime (OVT) fees: Clarify the calculation method for overtime fees if your business frequently works late or operates night shifts.
• Evaluate elevator traffic: Observe the speed and density of the 08 Mitsubishi elevators during lunch hours and end-of-day rush hours.

Advisory Conclusion

Handico Tower stands out as one of the most optimal Grade B office choices in Western Hanoi when balancing cost against value. With reasonable rental rates, AC electricity already included in the service charge, and a prime commercial location, the building helps businesses effectively manage cash flow while maintaining a highly professional image. Contact GRES specialists today to receive real-time updates on vacant spaces and secure the most favorable lease terms.