VIETNAM CornerStone Building
Bringing Daibiru quality to
the world Providing the highest quality service
Overview of the CornerStone Building
Daibiru acquired the CornerStone Building, located in the Hoàn Kiếm area of the Central Business District (CBD) of Hanoi, the capital city, in 2014. The seller (a medium-sized Vietnamese bank) heard about Daibiru’s good reputation concerning management of the Saigon Tower in Ho Chi Minh City, Daibiru’s first acquisition in Vietnam in 2012, and approached Daibiru about purchasing the building. However, the bank did not want to sell the building to a real estate company for resale, as it planned to continue using the building as its head office after the sale and was looking for a buyer who would manage the building with care as a long-term landlord. Daibiru’s philosophy of managing from a long-term perspective that values mutual trust with tenants led to the acquisition of this property.
Timeline to completion of construction
-
- June 2013
- The CornerStone Building is completed.
-
- December 2014
- VIBANK-NGT Co., Ltd. (now Daibiru CSB Co., Ltd.), which owns the CornerStone Building, becomes a consolidated subsidiary
Details
Building a solid track record of trust and achievement
In 2014, we acquired the CornerStone Building, an office building in the heart of Hanoi. Since then, we have undertaken various renovations and, in 2022, installed solar panels on the roof, which the media widely reported as the first of its kind in Hanoi. In addition, we achieved net-zero CO2 emissions from the building’s electricity use, making it one of the first environmentally friendly buildings in Vietnam, where environmental awareness is on the rise.
Beyond these environmental initiatives, Team Daibiru, which includes our own security and engineering staff, provides swift and meticulous service that are consistently recognized as top quality by both tenants and the market.
Accelerating further investment
Our approach to building management has garnered a strong reputation, leading to new investment opportunities as partners have expressed confidence in entrusting their properties to Daibiru. This trust paved the way for our acquisition of the prestigious 63 Ly Thai To building, situated in one of Hanoi’s most prime locations. In April 2024, we established a local subsidiary to streamline building management across Vietnam and accelerate our investment efforts.
VIEWPOINT
Leading the industry with cutting-edge office offerings
In Vietnam, building management typically follows a reactive approach of fixing issues only when they arise. In contrast, we focus on preventive maintenance, offering peace of mind, safety, and comfort by planning replacements before problems occur. As a leader in Vietnam’s office building sector, we aim to provide world-class office environments that encompass not only state-of-the-art facilities but also exceptional services and innovative work styles.
Daibiru CSB Co., Ltd.
K.Y.
New graduate hire in fiscal 2018.
Assumed current position after working in the Finance & Accounting Department and the Corporate Planning Department
INFORMATION
Property information
- Location:
- 16 Phan Chu Trinh Street, Hoan Kiem District, Hanoi, Vietnam
- Site area:
- 4,942 m² (1,495 tsubo)
- Gross floor area:
- 48,494 m² (14,669 tsubo)
- Scale:
- 14 floors above ground, 3 floors below ground
- Structure:
- Rerroconcrete structure
- Uses:
- Offices and some stores
- Completion:
- June 2013
