With 34 upper floors and two basements, Lim Tower offers over 34,000 square meters of grade-A office space. The building is located at 9-11 Ton Duc Thang Street in District 1, at Ton Duc Thang-Le Thanh Ton intersection.
With design consultancy provided by two foreign companies, CASA of Hong Kong and Arquitectonia of the U.S., Lim Tower was built in 31 months, said Tran Thi Lam, founder and major shareholder of Mai Thanh Service Co. Ltd.
To ensure safety of the building, Mai Thanh has hired two other consultants from France. APAVE Asia-Pacific has been selected as project management consultant, while ARTELA has served as construction supervision consultant, said Lam.
Equipped with a high-speed lift system, the office building has a double-layer glass exterior for heat and UV resistance, being friendly to the environment, protecting the health of the people working in the building and helping tenants reduce power costs, said the developer.
Lim Tower is the tenth grade-A office building that has been developed in HCMC and the only one inaugurated this year, after Bitexco Financial Tower was opened in 2010.
CB Richard Ellis (CBRE) Vietnam has been picked as operator of this office building as well as exclusive leasing and marketing agent for the building with six floors for parking.
The developer of Lim Tower is one of the very few investors that have completed their projects on schedule and timely handed space to tenants in the current tough times with the frozen property market, according to realty consultancy firms.
Lim Tower has found mid- and long-term tenants for 65% of its total area. Techcombank has chosen this building to locate its southern headquarters, renting 17 floors with a total space of some 17,000 square meters, said Lam.
Still, CBRE Vietnam informed that with an average rent of US$28-30 per square meter, Lim Tower is competitive with other grade-A office buildings in HCMC.
Lam remarked the average rent offered by Lim Tower is about 15% lower than the rents quoted by other grade-A office buildings in the city, encouraging companies to rent office space here. Such a rent does not generate profits for the company, but given the troubled property market, the occupancy rate for Lim Tower is quite satisfactory, she said. - Source: The Saigon Times
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