Harec Building, Hanoi

Harec Building nestled in Hanoi's CBD offers over 8,100 sq m of prime Grade B office space on 15 floors, with 2 basements for parking. Overlooking the American Embassy on Lang Ha Street, the property has been in operation since 2006 and makes for an ideal location for international businesses. Tenants include leading American, Japanese, Korean and Thai multinational companies. 

The brief
Savills was appointed as property manager in 2006.

The client
Harec Investment and Trade Joint Stock Company

What the client said
“Tenants are very happy with the professional services provided by the Harec staff under Savills management."

Our solution
Savills efficiently set-up complete management systems and procedures right from the pre-opening phase. Ongoing operations have seen a first class service being provided to tenants and experienced consultancy to preserve and enhance the value of the property whilst generating income. Savills property management has consistently delivered comprehensive operational services at low cost and high quality.

How we added value
The market being very competitive, average occupancy has been consistent at 98 per cent and we have ensured an increase in rental price per s qm with every lease renewal. 


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