Mitsubishi Estate to build 50b yen 'Marunouchi' of Myanmar
Japanese real estate giant will export its development system of office buildings, apartments and hotels to Yangon to address chronic shortage
Tokyo
MAJOR real estate firm Mitsubishi Estate Co is planning to start a roughly 50 billion yen (about S$600 million) redevelopment project featuring office buildings, apartments and hotels in what is now a run-down district in front of a central train station in Yangon, Myanmar.
Mitsubishi Estate plans to draw on its experience of developing Tokyo's Marunouchi into a world-class business district to create a Myanmar version in Yangon. The company is also planning similar projects in other South-east Asian nations.
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