urban renaissance cbd gets a makeover

Transcription

URBAN RENAISSANCE
CBD GETS A MAKEOVER
Presented by Greg Ohan, Director of Office Services, CBRE Vietnam
April 23 2015
AGENDA
1. CHANGING FACE OF THE CBD
- TRENDS AND IMPROVEMENTS
- CASE STUDIES
2. TENANT TRENDS
- TENANT DRIVERS
3. MARKET OVERVIEW
& OUTLOOK
- OFFICE MARKET REVIEW
4. PACIFIC PLACE
2
CBRE | OS TENANT NIGHT | URBAN RENAISSANCE
1
URBAN
RENAISSANCE
CBD GETS A MAKEOVER
TRENDS AND
IMPROVEMENTS
4
HANOI INFRASTRUCTURE
Big projects
Inauguration of
Ground breaking of
Nhat Tan Bridge and
Trung Hoa – Ring
Vo Nguyen Giap
18 January 2015
Road No. 3
Boulevard
interchange tunnel
04 January 2015
Q4/2015
Inauguration of
Several sections of
Terminal 2 – Noi Bai
Ring Road No. 1 & 2 to
Int’l Airport
04 January 2015
be completed by
Q4/2015.
5
Q4/15
INFRASTRUCTURE
Roads widening: highly appreciated, especially by real estate developers
Extended Tran Phu (Ba Dinh District)
Extended Nguyen Van Huyen (Cau Giay District)
Length
450m
Length
566m
Inauguration
Feb 2015
Inauguration
Feb 2015
Investment capital
VND225 billion (US$10.5 million)
Investment capita
VND969 billion (US$45 million)
Source: Vnexpress.net.
6
HANOI METRO LINES
Cat Linh Depot
Line Nhon – Hanoi Station
Expected completion: 2018
Line7 Ha Dong – Cat Linh
Expected completion: 2016
GOVERNMENT OFFICES
New developments in the CBD
MINISTRY OF FINANCE
18 Phan Chu Trinh, Hoan Kiem
STATE BANK
25 Ly Thuong Kiet, Hoan Kiem
HQ OF TP-BANK
Ly Thuong Kiet, Hoan Kiem
8
LIFESTYLE
New entrants
Hoang Thanh Tower
Hoang Thanh Tower
63 Ly Thai To
Hoang Thanh Tower
9
LIFESTYLE
New entrants
Shop house in Ly Thuong Kiet
Le Dai Hanh Str
Cornerstone Building
10
Pacific Place
CASE STUDIES
11
CASE STUDY
Mapping
TAY HO
DONG ANH
Fast Emerging
Office Area
West Side
WESTLAKE
CAU GIAY
HOAI DUC
BA DINH
LONG BIEN
HOAN KIEM
Mid-Town
TU LIEM
CBD
DONG DA
HAI BA TRUNG
GIA LAM
THANH XUAN
HOANG MAI
HA DONG
THANH TRI
EMBASSY OF DENMARK & NETHERLANDS
7th Floor BIDV Tower – Q1/ 2014
DRIVERS
 80% staff voted to move to CBD from MID-TOWN –Deaha
Business Center
 Improvement in Staff Satisfaction and Productivity
 Reputation enhancement
13
ERNST & YOUNG
8th Floor - Cornerstone Building
DRIVERS
 Moved from Deaha BC to CBD
 Better management
 Compliance with regional standard and
quality
 Synergy with other Corporate
organizations
14
HOFFMANN LA ROCHE
14th Floor-VCCI Tower
DRIVERS
 Moved from Cau Giay District to CBD
 Brand upgrading
 Ease of access for staff e.g. heavy
traffic congestion in Cau Giay area
15
ITOCHU CORPORATION VIETNAM
16th Pacific Place – 83B Ly Thuong Kiet
DRIVERS
 Moved from 20 Thuy Khue to Pacific
Place
 Brand upgrading
 Better management
 Ease of access for staff
16
CBD BUILDING
REFURBISHMENTS
17
HANOI TOWERS
49 Hai Ba Trung, Hoan Kiem, Hanoi
Completion: Q4-1997
Refurbishment: Q1-2015
 Retail/ office lobbies
 Refurbish all toilets
 Lift lobbies
18
CENTRAL BUILDING
31 Hai Ba Trung, Hoan Kiem, Hanoi
Refurbishment:
 Toilet upgrading in 2012
 Pavement upgrading in 2014
19
63 LY THAI TO
63 Ly Thai To, Hoan Kiem, Hanoi
Refurbishment:
Hongkong Land focus on continuous
investment and renovation in either good or
bad times of the market in order to provide
tenant with best service.
Toilet upgrading in 2015
 Maintaining
 Upgrading
 Well - planning
20
TENANT
DRIVERS
2
OFFICE
Tenants Breakdown – Size
Tenant Preference, HCMC
15Q1
33%
14Q4
14Q1
56%
27%
11%
33%
27%
33%
<100
11%
13%
44%
100-300
11%
300-1000
>1000
Tenant Preference, Hanoi
15Q1
36%
14Q4
32%
14Q1
32%
<100
34%
20%
45%
18%
39%
100-300
300-1000
9%
26%
5%
3%
>1000
Source: CBRE Vietnam, Q1 2015
Number based on CBRE’s enquiries only
22
OFFICE
Tenants Breakdown - Industry
HCMC
Hanoi
34%
32%
Finance/
Banking & Insurance
TMT
11%
22% TMT
Manufacturing
10%
22% Energy/ Oils& Gas
Finance/ Banking
and Insurance
10%
11% Logistic
23
Construction/
Real Estate
11%
8%
Marketing
Education
OFFICE
Tenants Breakdown – Nationality
Hanoi
HCMC
33%
From Vietnam
34%
From USA
52%
From Vietnam
9%
From USA
7%
11%
From Japan
From Japan
4%
22%
From EU
From Korea
3%
From Germany
24
OFFICE
Tenants Breakdown – Transaction YTD
22%
11%
New letting
22%
Expansion
Relocation
44%
25
Renewal
BUSINESS CONFIDENCE TO REMAIN CONFIDENT
• Positive business sentiment
29
FAST FORWARD 2030
The Future of Work and the Workplace - October 2014
30
GAME CHANGERS
Great Changes In 2030
Workforce
Wellness
Technology
31
WORKFORCE
Millennials are driving the change
32
WORKFORCE
Enjoyment in the Workplace
1. Interesting
2. Social
3. Wellness
EFFICIENCY
EFFECTIVITY
EMOTION
33
WELLNESS
Creating Value
1. Innovative
2. Productivity
3. Collaborative
34
WELLNESS
Styles of working
A palette of space types to
support the way people work
Meet/work
rooms
•Increased collaboration space
•Enhanced technology
35
WELLNESS
The Youth Perspective
36
TECHNOLOGY
Connectivity in the Workplace
1. Wifi & Power
2. Mobility
3. Flexibility
Microsoft
37
TECHNOLOGY
Changing trends
1. Abandoning the desk phone
2. Increase use of Telepresence / AV
3. Reduction in open areas
38
CORPORATE GOALS
Alternative Work based Solutions
Traditional
workplace
39
CASE STUDY- CBRE SIGARPORE
PAGE TITLE
40
SUMMARY
Lifestyle vs Wellness
 Lifestyle is a decision you make between your work/life balance
to deliver workplace solutions
 Wellness is the ability to create value within different
workspaces.
Going forward - performance will be measured in terms of
collaboration, innovation and presence
41
OFFICE MARKET OVERVIEW
& FORECAST
3
OFFICE
Positive Net Absorption and Decreasing Vacancy Rate
HCMC
60,000
42%
35,000
15%
50,000
36%
30,000
13%
40,000
30%
25,000
11%
20,000
9%
30,000
24%
15,000
7%
10,000
5%
5,000
3%
20,000
18%
10,000
12%
0
-10,000
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
2013
2014
6%
2015 0%
Net absorption (sm)
Net absorption (sm)
HANOI
0
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
2013
Source: CBRE Vietnam, Q1 2015.
44
2014
2015
1%
OFFICE
Asking Rent – Pretty Flat
HANOI
GRADE B
2015 Q1
2014
HCMC
GRADE A
$18.2
GRADE B
$30.1
2015 Q1 $19.1
Q4
Q4
Q3
Q3
2014
Q2
$34.2
Q2
Q1
Q1
Q4
Q4
Q3
GRADE A
Q3
2013
2013
Q2
Q2
Q1
Q1
$35 $30 $25 $20 $15 $10 $5
$0$0
$5 $10 $15 $20 $25 $30 $35
$35 $30 $25 $20 $15 $10 $5
Note: Hanoi’s asking rents include service charge and exclude VAT, HCMC asking rent exclude VAT and service charge
Source: CBRE Vietnam, Q1 2015.
45
$0$0 $5 $10 $15 $20 $25 $30 $35 $40
BCI NUMBERS
All future projects (2015 – 2030), y-o-y change
Projects under construction, y-o-y change
2015 YTD vs 2014
2014 vs 2013
Percentage change
Percentage change
2015 YTD vs 2014
300%
200%
100%
0%
-100%
Projects
Under
Construction
HCMC Hanoi
Da
Nang
Can
Tho
Khanh Vung
Hai
Hoa
Tau Phong
100%
0%
-100%
All Future
Projects
(2015-2030)
HCMC Hanoi
Da
Nang
Can
Tho
Khanh Vung
Hoa
Tau
Hai
Phong
Hanoi
Da
Nang
Can
Tho
Nha
Trang
Vung
Tau
Hai
Phong
Office
202
269
58
28
11
35
17
7
Retail
98
140
37
7
14
20
11
10
0
Hospitality
and SA
33
35
29
4
27
19
5
2
13
2
Residential
249
287
79
6
14
21
10
28
54
17
Total
582
731
203
45
66
95
43
Hanoi
Da
Nang
Can
Tho
Nha
Trang
Vung
Tau
Hai
Phong
Office
137
103
21
16
8
18
8
Retail
61
43
17
5
6
13
Hospitality
and SA
20
9
15
1
12
Residential
163
91
18
4
Total
381
246
71
26
46
200%
HCMC
HCMC
Source: www.bciasia.com; CBRE Vietnam, March 2015
2014 vs 2013
300%
Source: www.bciasia.com; CBRE Vietnam, March 2015
OFFICE
Future Supply
HCMC
HANOI
HUD TOWER
Le Van Luong Str,
Cau Giay Dist.
GFA: 56,000 sm
HANDICO TOWER
Me Tri NUA, Tu Liem
Dist.
GFA: 29,040 sm
Estimated
completion: 2015
Expected
completion: 2015
789 TOWER
147 Hoang Quoc
Viet, Cau Giay
Dist.
GFA: 39,419 sm
Estimated
completion:
2015
47
DIAMOND FLOWER
TOWER
4 Le Van Luong, Cau
Giay Dist.
GFA: 20,000 sm
Estimated launch:
2015
GOLD VIEW
TOWER
54 Nguyen Chi
Thanh Str, Ba Dinh
Dist.
GFA: 39,348 sm
Estimated
completion: 2015
VIETCOMBANK
TOWER
5 Melinh Square, D1
GFA: 55,000 sm
VIETTEL OFFICE &
TRADE CENTER
285 CMT8, D10
GFA: 65,971 sm
LIM 2
158 Vo Van Tan, D3
GFA: 20,467 sm
Estimated
Estimated
Estimated
completion: Q2/2015 completion: Q1/2016 completion: Q3/2015
PEARL PLAZA
561A Dien Bien
Phu St, Ward
25, Binh Thanh.
GFA: 37,434
sm
DEUTSCHES
HAUS
Le Duan - Le
Van Huu, D1
GFA: 40,000
sm
Estimated
completion:
Q3/2015
Estimated
completion:
Q3/2017
OFFICE
Outlook
 Average rent is pretty flat and
very likely will be more
 Active sectors include Insurance,
Finance, Pharma , IT/Technology
competitive with a new wave of
office supply coming in Q2 – Q3
2015
large scale, mixed use projects and
 Against this context, the vacancy
rate will be up.
48
 Limited new supply will come from
from those projects developed partly
for owner- occupation
PACIFIC PLACE
SUCCCESS STORY
4
AN INTERGRATED DESTINATION
All in one facility
Grade A Office space
Luxurious Serviced Apartments
Premium Retail Space
Auxiliary services in the Complex
 Retail Banking /ATMs
 Café shop
 Restaurants
 Clinic
 Gym & Swimming pool
50
GRADE A OFFICE SPECIFICATIONS
General Facts
General
Information
51
Address
83B Ly Thuong Kiet, Hoan Kiem, Hanoi
Description
A prestigious location of grade A office space,
contemporary retail and high-end residential
Level
Ground floor retail and 17 office floors
GFA
16,000sqm
Floor plate
1,033sqm
Completed in
2007
Lifts
4 high-speed, destination-control lifts; 3 more lifts being installed
Back-up power
100% capacity with 2 Cummin gen-sets of total KVA 1,675
Switch-back time: 5 seconds
Parking
5 basements – accommodates all parking needs
Air-con
Central air-con system: chiller system by Carrier USA
Fire fighting
International standard with hosereels, smoke detectors, sprinklers, 2 fire exits
Management
International standard, Central Building Management system (BMS)
Security
24/7 with manned security and CCTV monitoring
PACIFIC PLACE – REFURBISHMENT PLAN
Completion: Q1-2007
Refurbishment: 2015
 To install 3 lifts more
 Refurbish lobbies
 To focus on environment friendly
solutions for building
52
THANK YOU
Please fill in feedback forms
For enquiry, please call 0904794929
QUESTIONS & ANSWERS

urban renaissance cbd gets a makeover

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