Friendship Tower – A step up to office innovation
Located on the broad Le Duan Boulevard, District 1, Ho Chi Minh City, Friendship Tower is expected to set a new milestone for Ho Chi Minh City office market with modern concepts and high-end facilities.
According to Savills market brief report for the second quarter of 2018, total office space reached almost 1.8 million square metres, increasing by 2 per cent quarter-on-quarter and 10 per cent year-on-year, while average occupancy was stable by 96 per cent.
Tu Thi Hong An, associate director of Commercial Leasing, Savills Ho Chi Minh City noted that after Grade A rental growth of over 7 per cent in 2017, momentum is expected to continue with its record growth in 2019 and 2020. It is crucial for office occupiers to carefully analyse their office needs, plan ahead and manage future occupancy costs effectively.
According to An, the Vietnamese market has the potential for the development of more sophisticated office projects, following all current global megatrends.Therefore, the design, standard and functionality of offices of new projects will likely change in the coming years.
By 2020, the market is estimated to receive approximately 516,000sq.m of additional office space. However, given the very low vacancy rates and lack of new supply, Grade A office buildings are forecasted to remain scarcity in the future.
One of the Grade A office building, scheduled to open in early 2020 is 21-storey Friendship Tower located in a prime location of Ho Chi Minh City and developed by CZ Slovakia Vietnam. The project provides approximately 13,700sq.m of prime leasable space and an extremely high level of flexibility in configuration, with office s largely variable from 200sq.m up to 1,450sq.m of usable space.
According to CZ Slovakia, their first ever development in Vietnam aims to attract western firms developing their activity in Vietnam and Southeast Asia region and at the same time for Vietnamese companies doing international business.
Various studies have shown that an improvement in the indoor working environment raises labour productivity. Being aware of the materials and installation choices in particular has a direct impact on the indoor environment, Friendship Tower devoted into building the ideal workplace with premium substance.
Built as a traditional office building, however, Friendship Tower sets its value with the implementation of an innovative office concept in design, facilities and technology. The entrance lobby is preceded by a large atrium surmounted by an extensive cantilevered canopy - a distinguished element of the building. Friendship Tower will be a LEED certified green building. The curtain wall will be a high-quality unitized system with advanced double glass units able to reduce drastically solar gain with notable benefit on energy costs.
Vertical transportation from parking area at basement level to entrance lobby will be handled separately by dedicated shuttle lifts. This solution offers the higher level of access control and at the same time improving vertical circulation efficiency.
Likewise, the smart building management service of international standards is as a strong point of the building. The 24/7 security guard, high-quality natural stone Green wall at entrance hall, seven passengers‘ lifts and a service lift in the building with destination control and landscaping service will turn the offices in the building into a professional working environment.
Additionally, Friendship Tower is a boutique professional office building and provides a conference centre and café with F&B services. Moreover, it is within walking distance from major facilities such as business hotel and serviced apartments, consulates general, restaurants and shopping malls, and other important business centres. Therefore, the building is set to be the perfect choice for discerning tenants seeking high quality office space in a prime location of Ho Chi Minh City.
Friendship Tower also matches the DNA of companies, which requires a truly working environment that serves as a place for meeting, collaboration, community building and exchange of knowledge.
For Friendship Tower, it starts the design process with a detailed analysis of the organization’s objectives and needs. CZ Slovakia believes to the building becomes a new iconic ‘’work hard-live well’’ destination for Ho chi Minh City’s professional white-collars.