First LEED-certified office tower topped out of Tower 1 at OneHub Saigon

First LEED-certified office tower topped out of Tower 1 at OneHub Saigon

Tower 1, which has a total net lettable area of 10,199sq.m, has received strong leasing interest from companies in the information technology, business process outsourcing, and finance back office sectors.

Targeting companies from these sectors, Tower 1 offers space solutions for companies seeking expansion, relocation or consolidation; companies looking for big floor plates to improve productivity and working environment; as well as companies supporting tenants in Saigon Hi-Tech Park.

The handover of Tower 1 is scheduled to take place in November 2018, with operations expected to commence in the first quarter of 2019.

Tan Yew Chin, Ascendas-Singbridge CEO for Singapore and Southeast Asia, said, “The topping out ceremony of Tower 1 marks an important milestone for OneHub Saigon. We are encouraged by the strong interest garnered to date. We are confident in the progress of OneHub Saigon, and are committed to delivering quality, collaborative space to drive the growth of enterprises in Vietnam.”

Vo Sy Nhan, chairman of Ascendas Saigon Bund Company Limited, added, “We have seen a decentralisation trend in the local office market, where companies relocate some parts of their operations to outside the CBD for cost savings purposes. For OneHub Saigon, the leasing progress remains strong. We expect to announce some pre-commitments in the near future.”

Perspective of the project

Tower 1 will offer tenants quality office space built in accordance with international standards and industry specifications. The building is developed in consultation with Sydney-based PTW Architects (architecture), CPG Consultants (civil, structural, and MEP), and constructed by main contractor Coteccons. It is also the first LEED Silver Certified Office Building in District 9, Ho Chi Minh City.

OneHub Saigon, a joint venture between Ascendas-Singbridge and Saigon Bund Capital Partners, aims to provide a seamless and vibrant work-live-play-learn environment for its tenants and the surrounding community. The 12-hectare development will comprise of seven office towers, a mixed-use commercial block, work-office home-offices, an education centre, as well as recreational amenities built with sustainable features.

Phase 1 will feature lush and curated spaces for outdoor events and social gatherings. To promote a greener environment and encourage collaboration, the community spaces will be traffic-free and pedestrian-friendly, allowing tenants within the business park and surrounding developments to enjoy the lush greenery that OneHub Saigon has to offer.

Ascendas-Singbridge Group is Asia’s leading sustainable urban development and business space solutions provider with assets under management exceeding S$20 billion.

Jointly owned by Temasek Holdings and JTC Corporation in a 51:49 partnership, the group undertakes urbanisation projects spanning townships, mixed-use developments, and industrial parks. Headquartered in Singapore, Ascendas-Singbridge has projects in 28 cities across nine countries in Asia, including Australia, China, India, Indonesia, Singapore, and South Korea.

Besides, Ascendas-Singbridge holds commercial, hospitality, and industrial assets across the Asia-Pacific. It manages three Singapore-listed funds under its subsidiary Ascendas, namely Ascendas Reit (a Straits Times Index component stock), Ascendas India Trust, and Ascendas Hospitality Trust.

Saigon Bund Capital Partners is an investment company which is a joint venture between local fund NP Capital Partners and Gaw Capital Partners, a global real estate private equity fund management company. The firm’s investments span the entire spectrum of real estate sectors, including residential developments, offices, retail malls, hospitality, and logistics.