Capital Place, Hanoi’s newest integrated office development will be open for leasing starting in the third quarter of this year and will be open in 2020. The project, which is developed by CapitaLand and Mitsubishi Estate, will be one of Hanoi’s largest integrated retail and office complexes covering 121,000 square meters of space across two towers. Savills Vietnam has been appointed the lead leasing agent and marketing agent and will be responsible for day-to-day operations.
Capital Place is a modern International Grade A office development that will provide 5,000 sqm of retail space and 90,000 sqm of office space. Located at 29 Lieu Giai, Ba Dinh district, in Hanoi City, the structure will set new standards for offices in the city, thanks to its design, efficiency, scale, services and technologies.
Matthew Powell, Director of Savills Hanoi, said this about the new development: “We are very pleased with the leasing progress. Capital Place has attracted strong interest from multinationals and large Vietnamese corporates with ongoing discussions on the leases. When the development is completed in the third quarter 2020, Capital Place will be home to Hanoi’s most prestigious tenants.”
Capital Place looks to accommodate a green and sustainable working environment by creating a verdantly lush space to further bolster the comfort and serenity of office workers and visitors. In line with its commitment to being green, Capital Place strongly promotes sustainability in water usage, air quality control, and electricity consumption.
The current design aims to deliver up to 50% in recycled water, resulting in a 50% reduction in water consumption. The building installs filter, low-emitting materials, and sensors in compliance with LEED’s requirements to maintain good air-quality indoors. Technical measures are also taken and are integrated with the Building Management System to monitor energy consumption to the most efficient level (up to 13% reduction).
Set to start operating in 2020, Capital Place will be the first ever commercial project in Hanoi to have direct access to the MRT. Capital Place promises to achieve superiority in services, connectivity, and property management of international standards that will suit any organization’s business needs.
Five Key Selling Points
Capital Place will have five key selling points that are sure to make it popular with tenants:
• Less than 10 minutes to the Hoan Kiem central business district
• Less than 5 minutes to the West Lake area
• Less than 30 minutes to the Noi Bai Airport
• Central hub to key businesses, embassies, government offices and top hotels
• Direct access to the upcoming Nhon-Hanoi metro line via underground tunnel