YOMA Strategic Holdings earlier this week signed an MoU with Mitsubishi Corporation and Mitsubishi Estate to jointly invest in a mixed-use development in Yangon called Landmark.
Mitsubishi and its affiliates will collaborate with Singapore-based Yoma on the planning, design, construction and operation of the development.
Located opposite Trader’s Hotel and adjacent to Boyoke Aung San market, the US$350 million project will include office buildings, serviced apartments, a hotel and a mall when completed.
Currently, the site plays host to the FMI Centre Tower, the Grand Mee Ya Hta Residence and the former railway headquarters, built in 1877.
