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
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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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