Friendship Tower, a grade A building in downtown HCM City, is expected to be ready for handover in the first quarter of next year. Photo courtesy of Savills Vietnam

Friendship Tower, a grade A building in downtown HCM City, is expected to be ready for handover of 13,700sq.m of leasable office space in the first quarter of next year, according to CZ Slovakia Vietnam, its developer.

With construction by Coteccons, Friendship Tower has been structurally complete for nine months, and meets all safety requirements.

Tu Thi Hong An, head of commercial leasing at Savills Vietnam said: “Unlike some recent projects in HCM City that have not been able to meet their delivery deadlines, Friendship Tower is making great strides towards completion.”

The building received the prize for Best Office Architecture Vietnam at the 2019 Asia Pacific Property Awards.

According to a recent report from Savills Vietnam, high-end office space in HCM City is currently 98 per cent occupied, with the slim margin of available space expected to further decrease in the coming months. — VNS