Thaigroup commences office building on Hanoi's golden land

Ton Dan Hanoi JSC, a subsidiary of Thaigroup, recently signed the agreement with CBRE Vietnam under which CBRE Vietnam was appointed as the key operational management and consulting agent for Thai Square office building.

The building is located at 17 Tong Dan Street, Hoan Kiem district of Hanoi.

According to CBRE Vietnam, Thai Square is Grade A standard - office building built by Thaigroup, comprising 22 floors of office space and four basements with a total land area of 3,557 square meters.

Based on previous business registration of Ton Dan, Him Lam Corporation accounted for 70 per cent of the company's shares. However, at the time of business registration on May 9, 2017, Him Lam Corporation has transferred all its shares.

The signing ceremony between Thaigroup and CBRE Vietnam officially confirmed Thaigroup's replacement for Him Lam to own the golden land in the center of Hanoi.

The land was previously state's property and managed by Hanoi housing management and development one-member limited company. In early 2012, The Hanoi People's Committee decided to make land acquisition and then give it to Him Lam for building offices and for lease.

After a long time, Him Lam was said to assign the project to Xuan Thanh Group, precursor of Thaigroup but both denied confirming.

Thaigroup is a large and multi-industry private corporation having operation around Vietnam. It is currently an investor of Binh Phuoc province’s Kaito Cement plant and Kien Giang province’s Thai Cement Ha Tien plant, each of them has capacity of up to 4.5 million tons per year.

It is also investing in the Phu Quoc Enclave Resort Complex having a total area of 352 hectares in Bai Thom, Phu Quoc Island.