Work underway at MB Group's new headquarters in Hanoi's Cau Giay district.
The MB Group officially began construction of its new headquarters, MB Grand Tower, on Le Van Luong Street in Hanoi’s Cau Giay district on October 23.
Speaking at the ceremony, Mr. Luu Trung Thai, Deputy Chairman of the MB Group, said he expected the building would prove its capacity in the real estate sector and be a highlight of the cityscape in Hanoi’s west.
On an area of 2,220 sq m with expected investment of VND1.12 trillion ($50.5 million), the 25-storey building will be developed by MBLand Holding and be home to 2,000 staff. It is expected to be completed and handed over to MB in the fourth quarter of 2017.
Recognizing the project’s importance, MBLand has selected two reputable and experienced consultants - Japan’s Nihon Sekkei and Vietnam’s Coninco - to implement the project.
MB Grand Tower will be developed as a smart office that follows the latest criteria in global office design to efficiently take advantage of space and sunlight and save energy.
The MBLand Real Estate JSC, under the MB Group, has been the developer of a range of projects, including MB Sunny Tower in Ho Chi Minh City’s District 1, MB Grand Tower and MBLand Central Point in Hanoi’s Cau Giay district, and the Swiss Viet Hotel and Resort in Khanh Hoa province’s Cam Ranh Peninsula, among others.
The company is also seeking opportunities to expand its business activities overseas. It is expected to establish representative offices in Japan and Australia and has recently worked with the UAE-based Vault Investment Foundation to establish investment cooperation in Vietnam and the UAE.