CornerStone Building

Overview

Type: 
Office building
Land area: 
4,300 sqm
Unit area: 
0 sqm
GFA: 
48,494 sqm
NLA: 
26,526 sqm
Hits: 
1,208
General Information
· Seller: VIB
· Buyer: Daibiru Corporation
· Architect/ Design (Local): Design Worldwide Partnership (DWP)
· Architect/ Design (Main): Archipel
· Leasing agent: CBRE (Vietnam) Co., Ltd.
· Leasing agent: Savills Vietnam Co., LTD
· Construction Manager: Delta Corporation
· Construction Manager: Vinaconex
· Street no: 16 · Street: Phan Chu Trinh st · Ward: Phan Chu Trinh · District: Hoàn Kiếm · City: Hanoi
· Project (GFA): 48,494 sqm

All areas are approximate and as reported.

Property Notes

General description:

CornerStone Building is a Grade A office building and located in the centre of Hanoi, which is only a few hundred metres away from the Opera House and about 1 km away from the Hoan Kiem Lake. Reported to have net leasable floors of around 2,030 sqm and good parking capacity over 3 levels of basement for 215 vehicles and 755 motorbikes. The building was completed in 2013 and was renovated in 2017.

Legal/ developer overview:

Leasehold term from 11 April 2008 and expires on 14 may 2057. 

Merger & acquisition &/or sale:

Q2 2014, Daibiru Corporation bought the property as a partial interest (PI) from VIB Bank-HGT. The partial interest was reported to be 60%. See subscription data offer for more information.

Marketing, leasing or asking price:

Q4 2018: The office area asking rent is reported to be in the vicinity of US$38 per sqm monthly including service charge but excluding 10% VAT. This would be about US$32 net at that time.The preferred lease term is 3 to 5 years with motorbike and car parking fee is US$10 and US$150 per month respectively.

In the beginning Q4 2019 the average monthly asking office rent is reported to be about US$46.2 per sqm per month including US$7 service charges and VAT.

The preferred lease term is 2 years and a 3 month deposit is required. Motorbike and car parking fees are US$10 and US$150 per month respectively.

Sale & evidence history

General amenities

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

Facilities

  • Cafe
  • Concierge
  • Escalators
  • Lifts
  • Reception/ concierge
  • Restaurant

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