Indochina Kajima commences construction of Parc Hanoi

Indochina Kajima Development Limited (Indochina Kajima) celebrates the groundbreaking of Parc Hanoi, a Grade A office building in the West West Lake urban area.

Hanoi, December 11, 2024 – Indochina Kajima, a joint-venture between Indochina Capital, a leading real estate developer in Vietnam, and Kajima Corporation, one of Japan’s largest general contractors and real estate developers, commences construction of Parc Hanoi, a Grade A office building in the West West Lake urban area.

With Parc Hanoi, Indochina Kajima showcases its strategy to meet current and future demand for office space while maintaining its commitment to functional efficiency, architectural excellence, environment sustainability and social responsibility practices.

Parc Hanoi addresses the diverse needs of on-site, hybrid and remote workforces with flexible office modules for small, medium and large tenants with floor-to-floor vertical connections within tenancies available; flexible load capacity for heavy duty/tech equipment areas; options to install executive bathrooms and wet pantries and other work-force amenities – encouraging efficient workplace performance.

Complementing the office floors is a hub for cultural and commercial activities on the ground floor surrounding the lobby and extending out and around the building’s creatively landscaped perimeters, ensuring high-quality amenities for tenants.

With double “green” certification – LEED and WELL, Parc Hanoi signals its commitment to be sustainably active and empowering.

From construction to operations, locally sourced, low-energy and environmentally effective materials will be prioritized to ensure sustainability achievements.

Adjacent to a public park, Parc Hanoi will boast over 20% green space on total land area, with collective outdoor terraces, enhanced greenery and biodiversity, to foster a culture of holistic wellbeing.

Impeccable air quality will be ensured with a cooling capacity built per Australian Grade A standards, and a filtration system protecting against high levels of airborne bacteria and viruses.

Projected to open in Q2/2027, Parc Hanoi’s construction quality is ensured by Kajima Vietnam’s expertise, supported by Kajima Corporation’s Tokyo headquarters’ state of the art construction and design capabilities.

“Parc Hanoi is a key project in Kajima Corporation and Kajima Vietnam’s portfolio in Vietnam, alongside completed projects such as Tan Son Nhat International Airport, Aeon Mall Ha Dong…. As a general contractor building landmarks across the globe, we understand the challenges and opportunities of implementing sustainable practices in development and construction, how it is crucial to realizing our ESG strategy, and to shift the entire industry towards environmentally conscious operations. Parc Hanoi is beacon of our commitment to sustainable building practices.” Shared Keisuke Koshijima, Representative Director, Executive Vice President, Kajima Corporation.

“The relocation of 36 central government entities, including ministries, ministerial-level agencies, and affiliated agencies to West West Lake and Me Tri areas highlights that Parc Hanoi sits at a prime location for the future CBD, which will attract the highest quality international and local tenants to West West Lake. And Parc Hanoi will stand out with its purposefully crafted environment. Above and beyond an office building, Parc Hanoi embodies a sense of community, connectivity, and wellbeing – a place to thrive for the new, sustainable community of the future.” shared Peter Ryder, Executive Chairman of Indochina Capital and Director of Indochina Kajima.

Vietnam’s economic performance fuels confidence for real estate development today and into the future, with national GDP growth at 7.4% in Q3/2024 and full year 2024 growth expected to come in at 7% plus, placing Vietnam as one of the world’s fasting growing economies, with large amounts of high quality foreign investment continuing to pour into the country (registered FDI through November 2024 is rising at 12% year-on-year).

As well, today, Vietnam ranks No. 2 in the 2025 Asia Manufacturing Index by Dezan Shira & Associates, is a Top 5 favorite investment destinations among Asia’s emerging and developing economies according to the Global Opportunity Index, and as recently announced by the Prime Minister, Vietnam is expected to reach 8% GDP growth in 2025, creating a foundation enabling the country to attract new large multinationals to establish a presence and/or expand their existing presence in its capital city, Hanoi.