(Ho Chi Minh City, August 18, 2020) CBRE Vietnam and Frasers Property Vietnam officially signed a strategic partnership agreement. CBRE is honoured to be appointed as exclusive marketing and leasing agents for Worc@Q2, the premium office component within mixed-use development Q2 Thao Dien.
The signing ceremony was held at Frasers Property Vietnam’s office, between Ms. Dang Phuong Hang, Managing Director of CBRE Vietnam and Mr. Lim Hua Tiong, CEO of Frasers Property Vietnam.
This agreement represents the mutual goal of both parties ― to provide high-quality services throughout the leasing phase by our experienced team of professionals, making use of our in-depth market knowledge to maximize exposure of the project to key target occupiers. The selection of a market-leading leasing agent like CBRE demonstrates the vision and enthusiasm of Frasers Property Vietnam.
(Ms. Dang Phuong Hang and Mr. Lim Hua Tiong)
In spite of market volatility as a result of the COVID-19 pandemic, Ho Chi Minh City’s office sector has remained relatively resilient, maintaining low vacancy and steady rental rates across both the Grade A and B sectors.
CBRE research shows an increasing number of new and existing occupiers are optimizing their workspaces and taking advantage of preferential rental rates in fringe CBD and decentralized locations, particularly as business operations become increasingly reliant on virtual platforms. Situated in the rapidly developing area of Thao Dien Ward of District 2, Worc@Q2’s prospective occupiers will benefit from competitive rental rates whilst enjoying a high-quality standard of construction and a wide array of premium facilities and amenities.
Furthermore, with accessibility throughout the city increasing as highways, bridges and construction of metro lines progress, well-integrated non-CBD office developments such as Worc@Q2 are forecast to be in increasing demand for the foreseeable future.
Worc@Q2 is set to be Ho Chi Minh’s newest edition to the office sector, with an anticipated Grand Opening in Q1 2021. The project is the office component of the Q2 Thao Dien mixed-use complex, comprising 32 floors of premium office space, totaling 8,145 sqm (GFA), one basement allocated for parking and two high-speed passenger lifts. Moreover, the office building is conveniently located in the prospering eastern region of Ho Chi Minh City, surrounded by an abundance of newly completed high-end residential and commercial developments. The potential tenants will benefit from the on-site retail podium which will accommodate restaurants, convenience stores and high-quality entertainment amenities.
In addition to competitive rental rates, high-connectivity to the CBD and surrounding districts, a wide range of high-quality on-site amenities, and proximity to HCMC’s planned Metro Line No.1; Worc@Q2 enjoys tranquil and picturesque surroundings including a panoramic river view of District 2, a pleasant change to the fast pace of the city centre.
Mr. Le Trong Hieu, Director of CBRE Vietnam stated that “CBRE expects Worc@Q2 to become the leading project in the office market in HCMC. The project meets the demands of many industries needing competitive rental rates, numerous utilities and is situated in a decentralized location in proximity to high-end residential developments. With the anticipated Metro Line No.1 within walking distance, the project enjoys easy access to the city centre and surrounding districts providing a strong alternative solution for occupiers. Furthermore, with professional services from CBRE Vietnam’s dedicated and experienced team, we are confident we will add valuable benefits to the project and potential occupiers.”