Before Capital Place, previous headquarters of Shopee were quite large, yet separated into small discrete parts. It was difficult to arrange their expanded area adjacent to the current leased area, impeding the management and fostering community culture of the company. As a result, Capital Place building, with the advantage of an average podium area of more than 2000sqm on each floor (columns excluded) and available void areas to design internal staircases within the leased area, as well as International standard Grade A offices, has solved Shopee’s demand for a new office space. In addition, CapitaLand also proposed to reserve adjacent premises for Shopee in case of future expansion. This is the reason why Shopee merged their two previous offices into a headquarter at Capital Place.

Providing further analysis of the process to find premises for Shopee’s new office space, Mr. Thomas Rooney - Manager of Hanoi Commercial Leasing Department, Savills stated: “Shopee has a large proportion of young staff, requiring the company to prioritize developing a space that will evoke creativity and interaction among employees, as well as create a working environment that inspires staff’s commitment. Two of Shopee’s key requirements include integration of total leased area in the most optimal way, and potential for future expansion. Capital Place was the only option that could accommodate their needs. With the new workplace, departments are no longer separated and isolated. Moving between floors promotes not only health and wellness but also greater collaboration and connection.

It is also noteworthy that Capital Place is currently the only commercial building in Hanoi to be developed at LEED Gold standards with green design, creating a sense of relaxation and comfort for Office workers and visitors to the building”, said Mr. Thomas Rooney.

At the new office, Shopee has arranged many glass-enclosed conference rooms together with open spaces which facilitates networking and communication of employees and visitors. These spaces have been located along the main hallway with large capacity, which promotes the cooperation across departments as well as encourages internal celebrations and team building activities to happen right next to the working area. In addition, with the orientation of human resources development, the company has also equipped with multi-functional space using colorful design to create a more lively and attractive working space. Shopee’s office is not only a workplace, but it also fulfills every employee’ need and helps them stay energetic and motivated for new ideas.

Mr. Ha Phuong, Representative of Shopee in Hanoi said: “For Shopee, this office relocation is such a milestone in our expansion plan. Right from the moment we had an intention to move, we knew that finding a Grade A office building with enough space and affordable rental was not going to be easy because of the low supply that has long been a problem in this market. However, with the help of Commercial Leasing Department of Savills, we were able to find a building that is not only satisfying but also compatible with Shopee’s culture and reputation in the market. We are very pleased with the location, the quality, as well as the service of Capital Place and we believe that our staff also feel the same way.”

A huge advantage of the Shopee headquarter at the new building Capital Place is the location at the central area to the west of the city with advanced and innovative facilities and easy access to other districts of Hanoi. In near future, after the launch of metro route from Nhon to Hanoi Metro Station, the building’s basement B1 will be connected directly to the Kim Ma frontage of this metro route, which facilitates daily transport for Shopee’s staff as well as partners.

Ms. Hoang Dieu Trang, Senior Manager of Commercial Leasing Department, Savills Hanoi, shared: “In Hanoi, the floor areas that meet Shopee’s requirement of quality, vacancy and flexibility in spatial arrangement are substantially rare. The great advantage of Grade A office space in Ba Dinh, Dong Da, or the West Hanoi in comparison with Hoan Kiem area is that the floor areas are large enough to meet the similar office needs as Shopee’s. At the same time, tenants can enjoy certain benefits from both utilities and infrastructure, especially the first-class quality of this building. Capital Place is one of the most outstanding Grade A buildings, supplying up to 93,000sqm to the market in 2020. Recently, the leasing progress is going on very well. Many domestic and foreign businesses are also working with Savills for office space and retail premise here.”

Capital Place is also the first high-rise office building project in Hanoi to achieve LEED Gold certification – international certification for buildings that reach the level of environmental friendliness. Additionally, the building has 32 high-speed elevators to reduce waiting time to less than 30 seconds.

According to data of Commercial Leasing Department, Savills Hanoi, in contrast to the concerns about negative impact of COVID-19 on the commercial real estate market, the office segment is a highlight in the market following a 40% YoY increase in the number of new leasing transactions in 2020, and the stable average Class A office building rental of 33 USD per sqm. Previously, the market only recorded transactions with leasing area of 300-500 per sq m, but recently the additional supply from new buildings with high quality and affordable rental, together with a significant growth of Manufacturing and IT enterprises, have resulted in the majority of over-1000sqm office leasing transactions. This might be considered as a significant improvement of Hanoi office market.

Savills Hanoi Commercial Leasing:

0948 000 468

Leasing.hanoi@savills.com.vn