Myanmar Pharmaceutical Industrial Enterprise-MPIE of the Ministry of Industry and NSKRE Residence (Myanmar) Co.,Ltd signed an agreement 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 center, mini-mart, restaurant, business offices and 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 Solution Co.,Ltd and Japanese company Nippon Steel Kowa Real Estate.

Source: Global New Light of Myanmar

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