Yoma pushes ahead with Landmark deal

Transaction based on existing lease as tenure extension pending approval

TIRED of waiting for the lease extension for two plots of land in Yangon which Yoma Strategic plans to acquire, the Myanmar-focused firm has opted to go ahead with the deal on the existing lease.

The real estate developer said yesterday that it has decided to proceed with the Landmark Development by acquiring the existing leases on two plots of land spanning 4.4 hectares in downtown Yangon while it waits for the new lease extension.

"Yoma is keen to proceed with the redevelopment of the sites. Securing...

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