In response to the court’s question about how to resolve assets to address the consequences of the case, Ms. Truong My Lan said that one of her two daughters is selling a building in Hanoi, estimated to be valued at 1 billion USD. On this information, the presiding judge asked Ms. Lan if the building she mentioned was the Capital Palace building at 29 Lieu Giai, Hanoi. Ms. Lan confirmed that it was.
After Ms. Lan confirmed, the presiding judge said that according to the information from Ms. Lan’s daughter sent to the court, someone inquired about buying the building for 360 million USD, not 1 billion USD as stated by Ms. Lan.
It is known that the Capital Place office building is located at the intersection of Lieu Giai – Kim Ma – Nguyen Chi Thanh (Ba Dinh district).
The building
has a total leasable area of 93,550m2 and a total commercial leasable area of 5,279m2.
The entire space is surrounded by a 2.7m high glass system that covers from the floor to the ceiling and provides a panoramic 360-degree view.
The building is considered a Grade A office building in the city center of Hanoi.
Capital Palace is home to tenants such as multinational corporations including HSBC Vietnam, Porsche,
Banks
Standard Chartered Vietnam, Shopee …
Capital Place is introduced as the first building in Hanoi to achieve LEED Gold certification.
The building has strict security system, 24/7 protection, modern security gate, access to each floor requires a card.
The Capital Place building was originally part of the Vinhomes Metropolis project, and then transferred to the legal entity CTCP Twin-Peaks owned by Singapore real estate group Capitaland.
Ms. Truong My Lan said that this building was previously purchased for 700 million USD, plus the cost of completing the paperwork, so Ms. Lan estimated this building to be worth 1 billion USD.
