Ascendas-Singbridge and its joint venture partner Saigon Bund Capital Partners recently celebrated the topping out of the Office Tower 1 at OneHub Saigon in Ho Chi Minh City (HCMC), Vietnam.

The handover of Tower 1, which has a total net lettable area of 10,199 sq m, is expected to take place in November 2018, with operations expected to commence in the first quarter of 2019. The tower is targeted at companies in the Information Technology, Business Process Outsourcing and Finance back office sectors.

OneHub Saigon is said to be HCMC’s first fully integrated business park, located within Saigon Hi-Tech Park. It aims to provide a vibrant work-live-play-learn environment for its tenants and surrounding community. The 12-ha development will comprise seven office towers, a mixed-use commercial block, work-office home-offices, an education centre, as well as recreational amenities built with sustainable features.

An artist’s impression of OneHub Saigon. (Image: OneHub Saigon)

Tower 1 is reportedly the first LEED Silver Certified Office Building in HCMC’s District 9. It has been developed in consultation with Sydney-based PTW Architects (architecture), CPG Consultants (civil, structural and MEP), Colin K. Okashimo and Associates (landscaping), and G-Energy Global (sustainability). Main contractor on the project is Coteccons. Phase 1 will feature dedicated areas for outdoor events and social gatherings. To promote a greener environment and encourage collaboration, the community spaces will be built traffic-free and pedestrian-friendly.

“We have seen the decentralisation trend in the local office market, where companies relocate some parts of their operations to outside the CBD for cost savings purposes. For OneHub Saigon, the leasing progress remains strong. We expect to announce some pre-commitments in the near term,” said Vo Sy Nhan, chairman of Ascendas Saigon Bund Company Limited, the joint venture company.