IFC Hanoi (Shilla Tower) GRADE A

Building Overview

Located in the Tay Ho Tay Urban Area, within the administrative boundary of Xuan Dinh Ward, Hanoi, IFC Hanoi (Shilla Tower) has quickly established itself as a new-generation Grade A office icon in the capital. Completed in 2025 with the prestigious LEED Gold green certification, the project is invested by JR22 VIET Co., Ltd (JR AMC - KR) and managed by LOTTE Property&Development Vietnam (KR). Rising 35 stories high with 3 basements, the building offers an expansive typical floor plate of 1,940 sqm, delivering an international-standard workspace that meets the most stringent environmental and operational efficiency requirements.

From a financial and cash flow management perspective, IFC Hanoi (Shilla Tower) holds highly competitive advantages. Integrating central air-conditioning electricity into a fixed service charge allows tenants to easily plan their annual operational budgets without worrying about energy price fluctuations. Furthermore, the highly economical overtime (OVT) fee significantly optimizes actual operating costs for companies running night shifts or frequent overtime hours.

Location and Connectivity

The building is strategically situated at Lot B3 CC1, Tay Ho Tay Urban Area, Xuan Dinh Ward, Hanoi, right on the key economic development axis of the Northwest Hanoi with modern and well-planned infrastructure.

• Vo Chi Cong and Nguyen Van Huyen Extended Axes: Provide direct and rapid connection to central ward such as Cau Giay, Ba Dinh, and Tay Ho, minimizing travel time during peak hours thanks to wide lanes and a grid-like urban layout.
• Starlake Diplomatic Urban Area & New Administrative Center: Located adjacent to embassies, international organizations, and 5-star hotel complexes, creating perfect conditions for diplomatic activities and hosting high-profile clients.
• Noi Bai International Airport: Only 20-25 minutes away via Nhat Tan Bridge and Vo Nguyen Giap highway, a major advantage for multinational corporations with frequent business travelers.
• Surrounding Business Ecosystem: Surrounded by major bank branches, Lotte Mall Tay Ho, international restaurants, and premium cafes catering to daily business meetings and networking.

Technical Specifications and Operations

To address workspace efficiency and layout optimization, businesses should carefully evaluate the building's core technical specifications:

• Scale & Floor Plates: Comprises 35 stories and 3 spacious parking basements. The typical floor plate of 1,940 sqm features a column-free design, maximizing the net usable area relative to the gross area.
• Ceiling Height: Reaches international Grade A standards at 2.8 m net height, ensuring a spacious atmosphere and optimizing natural light distribution.
• Elevator System: Equipped with 19 high-speed passenger elevators and 2 dedicated service elevators, minimizing waiting times during morning and afternoon peak hours.
• Air Conditioning: Utilizes a high-efficiency central Chiller system, ensuring even temperature distribution and maximum energy savings in line with LEED Gold standards.
• Backup Power: 100% capacity backup generator system guarantees uninterrupted business operations during any power outages.
• Parking Facility: 3 large basements managed by an intelligent control system fully accommodate the motorbike and car parking needs of tenants and visitors.
• Standard Working Hours: Monday to Friday: 8:00 AM to 6:00 PM; Saturday: 7:30 AM to 12:00 PM, offering flexible operational hours for businesses.

Leasing Costs and Commercial Terms

The detailed cost breakdown below provides a comprehensive view for budget planning and comparison:

• Reference Rent: $22 - $30 /sqm/month (A highly competitive rate for a LEED Gold Grade A building in the Tay Ho Tay area).
• Service Charge: 7 USD/sqm/month.
• VAT: 10%.
• Motorbike Parking Fee: 120,000 VND/vehicle/month.
• Car Parking Fee: 3,000,000 VND/vehicle/month.
• Electricity Consumption: Billed based on actual consumption via individual office meters.
• Air-Conditioning during Working Hours: Included in the service charge (A major financial benefit saving millions of VND monthly).
• Overtime Fee (OVT): Approximately 2,500 VND/sqm/hour (Extremely low compared to other Grade A buildings).
• Minimum Lease Term: 3 years.
• Deposit & Payment: 3-month deposit - Quarterly payment, ensuring stability and smooth cash flow for tenants.

Suitable Tenant Profiles and Checks

IFC Hanoi (Shilla Tower) is the ideal match for large corporations, multinational enterprises, financial institutions, tech firms, and organizations seeking a LEED Gold-certified green office to demonstrate their commitment to ESG (Environmental, Social, and Governance) values. With its massive 1,940 sqm floor plate, the building allows tenants to easily design open-plan workspaces, enhancing collaboration between departments and optimizing headcount density per square meter.

Before finalizing the lease agreement, tenants should perform a detailed site inspection of the following items:

• Loss Factor / Net-to-Gross Ratio: Physically measure the net usable area (carpet area) versus the rentable area on the contract to calculate the true cost per employee.
• Floor Load Capacity: Verify the load-bearing capacity in areas designated for server rooms or heavy filing cabinets.
• Rent-Free Fit-out Period: Negotiate a sufficient rent-free period for office design and interior installation.
• Parking Allocation: Confirm the exact number of motorbike and car parking slots allocated based on the leased area.

Advisory Conclusion

IFC Hanoi (Shilla Tower) is not just an international Grade A workspace but also the ultimate solution for long-term operational cost optimization. With air-conditioning included in the service charge and exceptionally low overtime fees, the building enables tenants to tightly control monthly cash flows while enjoying a premium LEED Gold green working environment.

To receive a detailed quotation, the latest vacant floor plans, and professional support in negotiating the most favorable lease terms at IFC Hanoi (Shilla Tower), please contact GRES consultants today.