09 October, 2018
MYANMA Pharmaceutical Industrial Enterprise-MPIE of the Ministry of Industry and NSKRE Residence (Myanmar) Co Ltd signed an agreement yesterday to build a high-rise structure on the land owned by MPIE in Tamway.
The building will be constructed with the build-operate-transfer (BOT) system and it is set to include 230 apartments, fitness centre, minimart, restaurant, business offices, car parking.
The land lease agreement was signed by U Ko Ko Aung, Managing Director of MPIE and Mr. Hirosato Fukimbara, Managing Director of NSKRE Residence (Myanmar) Co Ltd, in the presence of Union Minister for Industry U Khin Maung Cho.
The signing ceremony came after the two parties received permit from Myanmar Investment Commission which gave a permit of 50-year land lease.
NSKRE Residence (Myanmar) Co Ltd is a consortium of two Myanmar companies namely Mann Myanmar Family Ltd and Asia Business olution Co Ltd and Japanese company Nippon Steel Kowa Real Estate.
Thi Thi Min
The Global New Light of Myanmar