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Nearly 1,000 m2 of commercial and office floor area was occupied in 2 months

15:33 | 02/11/2020

After only 2 months - September and October 2020, Rivera Invest leased nearly 1,000 m2 of commercial and office space in the context of the difficult market.

Specifically, in September 2020, Rivera Invest completed signing a new lease contract of 200 m2 of office floor with An Dat Company at Rivera Park Hanoi (69 Vu Trong Phung, Thanh Xuan, HN), 88 m2 of office floor with Pharmacity Joint Stock Company at Rivera Park Saigon (7/28 Thanh Thai Street, District 10, Ho Chi Minh City).

In October 2020, the commercial and office area for lease continued to be expanded by signing a lease contract of 169 m2 of office space with Expresss Delivery Services Corporation and signing a deposit agreement of 350 m2 of commercial floor area with Cao Kidsplay Solutions Company Limited at Rivera Park Saigon Building.

These results not only contributed to helping Rivera Invest improve its monthly business and production revenue from space lease of September and October 2020 reaching VND 6.7 and 8.3 billion, respectively but also contributed to improving the utilities for residents of the buildings and residents of the surrounding areas with the appearance of a variety of services.

 


Rivera Park Saigon is currently the office location of many large enterprises such as CGV, Express Delivery,..


These results are also great efforts of Rivera Invest in the context that the market still faces many difficulties. To achieve these results, according to Ms. Ngo Thi Thu Hien - Deputy General Director of Rivera Invest, it is thanks to the fact that the company has been very sensitive to listen and give timely solutions to feedbacks and suggestions of customers during the course of the epidemic. The company has spent billions of dong to support enterprises renting premises during the most difficult times. It helps Rivera Invest retain existing customers and become an attractive partner for new customers. In addition, the company always offers attractive and appropriate policies from time to time, harmoniously meeting the interests of the company and customers.

According to the statistics until the end of October 2020, the occupancy rate of commercial and office floors qas 88% at Rivera Park Saigon building, 35% at Rivera Park Hanoi and 86% at Xuan Thuy Tower (173 Xuan Thuy, Cau Giay, Hanoi).

 


Commercial floor space at Xuan Thuy Tower. By October 2020, the occupancy rate of commercial and office floors at Xuan Thuy Tower reached 86%.


Although the Company's business and production activities show many positive signs, the period from now to the end of the year is still considered a challenging period. According to CBRE, the total absorbed area of Hanoi offices in the third quarter of 2020 was negative 6,500 m2. The office market in Ho Chi Minh City also recorded negative net rental area in the first 9 months of 2020. The main reason comes from the shrinking of the area from tenants. These moves are expected to continue until the end of this year.

Such context requires Rivera Invest to make more efforts to be able to continue to improve the occupancy rate at buildings and maintain a revenue source with stable growth – Ms. Hien added and affirmed. The company has specific estimates and plans for the completion of the target in the last months of 2020.

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