Viva Land acquires award-winning Grade A Capital Place in Hanoi

January 24, 2022 | 14:00
Viva Land Investment and Development JSC, through its affiliates, has acquired Capital Place – a premier Grade A luxury building in Hanoi, thus paving the way for the company to deepen its footprint in the Vietnamese luxury realty market in the forthcoming decade.

Capital Place is the first commercial project under Viva Land’s operation and management in Vietnam’s north.

Located at the intersection of Lieu Giai, Kim Ma, and Nguyen Chi Thanh in Hanoi’s Ba Dinh district, Capital Place offers 100,000 square metres of luxurious and green office and retail spaces, with the largest column-free premises in Vietnam, as well as soundproof floors, acoustic ceilings, and 32 high-speed lifts, along with other high-end amenities.

Eddie Lim, CEO of Viva Land said, “We are delighted to acquire and operate Capital Place. This building is one of the best office developments in Asia with high international quality. Capital Place not only offers modern spacious working spaces for tenants but also sets a new trend in Grade A offices in the capital’s property market.”

Viva Land acquires award-winning Grade A Capital Place in Hanoi
Eddie Lim, CEO of Viva Land

Lim also stated that the office market in Hanoi is seeing numerous opportunities. Driven by the shortage in office supply, especially Grade A offices, the market has recorded a rising demand for high-end and green offices while the supply can hardly satisfy the occupiers’ needs.

Driven by the shortage in office supply, especially Grade A offices, the market has recorded a rising demand for high-end and green offices while the supply can hardly satisfy the occupiers’ needs.

“Capital Place is a modern international Grade A office complex located in the heart of the city. The building offers large, green spaces together with sustainability features and would certainly meet many tenants’ requirements”, Lim said. “Moreover, with our extensive experience in managing and developing best-in-class real estate projects in Vietnam as well as overseas, we aim to maximise the value of Capital Place to make this development the most desired business community in Hanoi, where growth, sustainability, and connection are always valued.”

Going green the luxurious way

Lim, who has 25+ years of experience in the realty business, said the acquisition of Capital Place is another step of Viva Land in developing and building outstanding, green, and sustainable spaces for generations and communities in Vietnam.

Founded in 2020 by a team of internationally experienced real estate experts, Viva Land aims at becoming a resilient global real estate investment and development company that delivers excellent services in urban spaces.

Viva Land acquires award-winning Grade A Capital Place in Hanoi
Capital Place offers large, green spaces with sustainability features in the heart of the capital

Morevover, the company is now involved in the development and/or management of many projects including IFC One Saigon, Saigon Peninsula, Golden Plaza (Project GP), Waterfront Saigon and many others.

Capital Place is known as the first office building in Hanoi to be LEED Gold certified for its large green spaces and sustainability features.

Officially opened in the third quarter of 2020, Capital Place promises to be an outstanding office project, raising the bar in terms of service quality, connectivity, and operational management, meeting the abundant requirements of any tenant.

Capital Place has won many awards and certifications, such as Best Green Development 2019, Best Office Development 2019, Best Office Architectural Design 2019, and Best Universal Design Development 2019 by PropertyGuru Vietnam Property Awards.

By Ha Thuy

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