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Viva Land acquires award-winning Grade A Capital Place in Hanoi
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.”
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 is also developing an 800ha site in Singapore and Vietnam with more than 17,000 resident units in the pipeline.
Moreover, the company now develops IFC One Saigon, Waterfront Saigon, Project GP, Saigon Peninsula, and Robinson Point in Singapore.
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