YANGON—The former office of the Ministry of Foreign Affairs on Pyay Road was reopened on Wednesday as a business centre for embassies and companies, according to the Youth Force Hotel Co, which signed the contract with the government to operate the project.
The colonial-era building was renovated without changing its architecture at a cost of Ks 5 billion (US$ 5.07 million), and it has been transformed into the June XI Business Centre, which is comprised of 218 rooms.
YFH’s information officer Kyaw Soe Win said that the new business centre is located in a strategic position and offers parking space for up to 150 vehicles, so that more people can become interested in renting the whole building rather than simply renting rooms.
“We will charge the same rate as Micasa and Sakura. The rooms are between 300 to 3,500 square feet,” said Tin Tun Aung, managing director of YFH.
The firm received the licence from the Myanmar Investment Commission to turn the building into a business centre at the end of 2011. It has been allowed to operate the building for 60 years.
Source: ELEVEN Myanmar