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Challenge

The Vinhomes Gardenia mixed use development is built on a total land area of 17.6 hectares in the My Dinh new urban area. It is the first complex developed by the VinGroup on Ham Nghi Street, Hanoi. It comprises three towers with a total Gross Floor Area of approximately 329,387 square metres.

Altus provided a full Cost Management service from initial budget estimates through to tender and letting of trade packages, and the post-contract administration of the works in progress up to and including the final account.

Services provided

Our technology-enabled expert services enable commercial real estate professionals to connect to the market with greater speed, visibility and efficiency.

Solution

The development was divided into two sub-divisions – The Arcadia and The Botanica. The Arcadia comprises three high‐rise residential buildings with apartments ranging from 54 to 146.8 square metres per unit, and one, two and three bedrooms. It also includes other recreational facilities such as tennis courts, a children’s playground and a BBQ garden, which are arranged around a 50 metre swimming pool.

The Botanica comprises adjacent villa shop houses and duplex villas between other facilities including the flower hill, children’s playground, bike lanes, tennis courts and a jogging track. The Villas range from 277 to 382 square metres per unit and are separated by fences and green landscapes.

Altus worked closely with the project manager and the Client’s team to value manage the construction, and ensure the final cost was controlled and kept within the original budget estimate, despite the additional scope of works. It was completed in 2018.

Services provided

Our technology-enabled expert services enable commercial real estate professionals to connect to the market with greater speed, visibility and efficiency.

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Last updated on August 29th, 2019 at 08:56 am

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