04:44 (GMT +7) - Sunday 16/12/2018

Property

Office Tower 1 at OneHub Saigon topped out

Released at: 16:01, 24/07/2018 BUSINESS SPOTLIGHT

Office Tower 1 at OneHub Saigon topped out

Photo: OneHub Saigon

With a total net lettable area of 10,199 sq m, Tower 1 is expected to be put into operation in early 2019.

by Long Van

Asia’s leading sustainable urban development and business space solutions provider, Ascendas-Singbridge, and its joint venture partner Saigon Bund Capital Partners celebrated the topping out of Office Tower 1 at OneHub Saigon, Ho Chi Minh City’s first fully-integrated business park, at Saigon Hi-Tech Park on July 24.

The topping out marks the structural completion of the tower, with representatives from Ascendas-Singbridge and Saigon Bund Capital Partners present to jointly celebrate the important milestone.

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-ha development will comprise seven office towers, a mixed-use commercial block, work-office home-offices, an education center, and recreational facilities 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 cooperation, 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.

Tower 1, which has a total net lettable area of 10,199 sq m, has received strong leasing interest from companies in the information technology, business process outsourcing and finance back office sectors. Targeted at companies from these sectors, Tower 1 offers attractive space solutions for companies seeking expansion, relocation or consolidation, companies looking for big floor plates to improve productivity and working environment, and companies supporting tenants at Saigon Hi-Tech Park.

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

“Today’s topping out ceremony for Tower 1 marks an important milestone for OneHub Saigon,” Mr. Tan Yew Chin, Ascendas-Singbridge CEO for Singapore and South East Asia. “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 and industries in Vietnam.”

“We have seen a trend towards decentralization in the local office market, where companies relocate some parts of their operations outside of the CBD for cost savings purposes,” said Mr. Vo Sy Nhan, Chairman of the Ascendas Saigon Bund Company Limited. “Leasing progress at OneHub Saigon remains strong and we expect to announce some pre-commitments in the near term.”

Tower 1 will offer tenants quality office space built in accordance with international standards and industry specifications. The building has been developed in consultation with PTW Architects (Architecture), CPG Consultants (Civil, Structural and MEP), Colin K. Okashimo and Associates (Landscaping), and G-Energy Global (Sustainable), while Coteccons is the main contractor. It is also the first LEED Silver Certified Office Building in the city’s District 9.

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