Vantage Tower Wins Best Office Development Award

Vantage Tower, a real estate development project being developed by Myint & Associates Construction Company Limited (M&A Construction), bagged home three awards at the first Myanmar Property Awards.

The property took home all awards for which the property was nominated, which included, Best Office Development and Best Office Architectural Design. In addition, Vantage Tower also received the overall Best Commercial Development Award.

Vantage Tower, which is located on Pyay road, developers claim that the project is “the first international grade A office development” in Myanmar.

The property, which is scheduled to come online at the end of the third quarter of 2015, features 12 floors of office space, three penthouse units and commercial areas for food and beverage outlets.

The development will also have a number of meeting rooms and a 4,300sqft function area for hire by the hour.

The company’s Director U Sithu Moe Myint said, “We have had strong interest in Vantage Tower from numerous companies and organisations from within and outside of Myanmar and we look forward to the opening of the project and receiving the first tenants.”

Hugo Slade, managing director of Slade Property Services, said, “The developer has invested a significant amount of time and money in order to make sure that this property is the best in the market. M&A Construction have not simply built a building as quickly as possible to take advantage of the high rents in Yangon, they have built a product that provides Grade A office space, supporting facilities, and services that offer good value for money in an otherwise expensive market.”

Slade added, “We are receiving a good number of inquiries from large multi-national tenants that have the highest expectations of health and safety. … Vantage Tower has passed all due diligence investigation and we have now progressed to the negotiation of commercial terms with a number of Multi-National Corporations (MNCs) and we expect to have tenants in the building by 1st November 2015.”

Source: Myanmar Business Today

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