Energy firm plans Pyay Road office tower
Volume 31, No. 610
January 16 - 22, 2012
An artists impression of the M&A Office Tower on Pyay Road in Yangon.
MYINT and Associates is building an “international standard” 18-storey office tower on Pyay Road in Kamaryut township that is due for completion in 2013, a company official said last week.
The building is a mix of office space and luxury residential units and has been designed by Thai firms KL Design and W. and Associates Designs, costing between US$18 million and $22 million.
“We named the project M&A Office Tower 2013 and are treating it as an international-standard high-end building, just like you would find in Singapore,” said U Soe Khine, a Myint and Associates project director.
“We’ve earned a place in the oil and gas sector and are further expanding into exploration with international companies. For this reason our former office was deemed insufficient and we decided to build a new office block for ourselves and to accommodate our potential clients,” he added.
Myint & Associates was founded in 1989 and became a group of companies in combination with MPRL E&P and Asia Drilling, he added.
U Soe Khine said the company was waiting for permission from the Committee for Quality Control of High-Rise Building Projects (CQHP) under the Ministry of Construction but expected approval would be granted in mid-January. After that the company will seek approval from Yangon City Development Committee.
“We hope to get a construction permit by early February. At the moment, we have demolished the former building and are doing load testing for the pile foundation that will be used.
“We expect the whole project will be completed within two years if everything goes according to our schedule,” he said.
The site is being developed on 30,000 square feet of land and includes the 17-storey main building and a separate six-storey car park. Each building will also include a two-storey basement.
The project is being developed in two phases, with the office tower the main focus of the first. Phase two covers the construction of the car park and landscaping, he said.
“We’re going to move onto phase two in October or November this year,” he said.