Vanda Tower opens more Grade B office space for Phnom Penh
Posted: Tue Apr 24, 2018 9:44 pm
Vanda Tower adds to capital’s supply of budget office space
The first tenants have begun moving into Vanda Tower, a new 11-storey office building with a distinctly yellow paint job in the capital’s central 7 Makara district that recognises the city’s demand for highly affordable Grade B office space.
The 16,000-square-metre building, which consists of 11 floors of office units and a basement parking garage with space for 50 cars, is located approximately 500 metres west of Central Market. Introductory rental rates run between $10 and $14 per square metre, making it among the least expensive Grade B office buildings in the vicinity.
Heng Piseth, manager of Vanda Tower, said the decision to develop the previously unoccupied lot into a Grade B office tower was two-fold.
“There are two reasons that we didn’t build a Grade A building,” he said. “One is because we had a limited budget, and two because there is already too much Grade A office supply in Phnom Penh.
https://www.phnompenhpost.com/supplemen ... fice-space
The first tenants have begun moving into Vanda Tower, a new 11-storey office building with a distinctly yellow paint job in the capital’s central 7 Makara district that recognises the city’s demand for highly affordable Grade B office space.
The 16,000-square-metre building, which consists of 11 floors of office units and a basement parking garage with space for 50 cars, is located approximately 500 metres west of Central Market. Introductory rental rates run between $10 and $14 per square metre, making it among the least expensive Grade B office buildings in the vicinity.
Heng Piseth, manager of Vanda Tower, said the decision to develop the previously unoccupied lot into a Grade B office tower was two-fold.
“There are two reasons that we didn’t build a Grade A building,” he said. “One is because we had a limited budget, and two because there is already too much Grade A office supply in Phnom Penh.
https://www.phnompenhpost.com/supplemen ... fice-space
