A&B Tower

Overview

Type: 
Office building
Land area: 
1,833 sqm
Unit area: 
0 sqm
GFA: 
32,211 sqm
NLA: 
25,000 sqm
Hits: 
1,993
General Information
· Developer: A&B Development Corporation
· Owner (JV shareholder): VinaCapital
· Buyer: Fujita Corporation (Singapore Branch)
· Street no: 76 · Street: Le Lai · Ward: Ben Thanh · District: 1 · City: Ho Chi Minh City
· Project (GFA): 32,211 sqm

All areas are approximate and as reported.

Property Notes

General description:

A&B tower was officially put into operation at the end of 2010 as a prime office building, at 76A Le Lai street, District 1, Ho Chi Minh City, conveniently positioned near main thoroughfares. The building facade faces the park, and the west side is near the crossroads of Nguyen Thi Nghia and Le Lai. Office space occupies the 2nd floor to 23rd floors. The ground/1st floor is restaurant and coffee shop, the roof top is a bar/ restaurant. The building has a reported gross floor area of about 32,000 sqm with a net lettable office area of about 25,000 sqm. There are 3 levels of basement. Typical floor plate is about 906 sqm (see also, GFA chart).

Legal/ developer overview:

The leasehold valid from August 2006 to August 2056 (50 years).

Merger & acquisition &/or sale:

The seller was reported to be VinaCapital and the buyer was reported to be Fujita (Singapore).

Marketing, leasing or asking price:

Q3/2018, the office asking rent is about US$36/ sqm plus service charges of US$6.5/ sqm excluding VAT. Minimum lease term is 2 years. The motorbike parking fee is US$20 and car parking fee is US$200.

Q4 2019 the average monthly asking office rent is reported to be about US$39 per sqm per month excluding US$6.5 service charges and 10% VAT. Over time fees US$0.14/sqm/hour.

The preferred lease term is 3 years and a 3 month deposit is required. Motorbike and car parking fees are US$20 and US$200 per month respectively.

Sale & evidence history

General amenities

  • Bus station
  • Entertainment centre
  • Hospital
  • Local People's Committee
  • Metro station
  • Modern retail complex
  • Museum
  • Parkland
  • School
  • Sporting complex
  • Supermarket/Minimart
  • Traditional market
  • University
  • Zoo/ Safari Park

Facilities

  • Lifts
  • Meeting room
  • Reception/ concierge
  • Bar (rooftop)
  • Business centre
  • Cafe

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