Myint & Associates Construction Company has signed Australian Embassy as a major tenant in their fagship development, the Vantage Tower.
The deal was negotiated with the Department of Foreign Affairs and Trade of the Government of the Commonwealth of Australia in Canberra and will result in the relocation of the Australian Embassy from their current offce on the Strand Road to Levels 11, 12, 13 and 14 of the new building. The Embassy intends to house its consular services, offces, diplomatic services and a medical centre within the 33,361 sq-ft of occupied area.
Hugo Slade, Managing Director of Slade Property Services, who promoted the building, said “We are extremely pleased to have signed this lease with the Australian Embassy”, and he added “The reasons for the Embassy choosing Vantage Tower are the strategic location, the high quality building specifcation, the world-class supporting infrastructure – such as 100% redundancy back-up power and high speed fbre-optic internet connection – provided by the Tier III Data Centre, certifed by the Uptime Institute of the USA, and the high-tech building management and security systems that are being implemented that make this building one of the safest in Myanmar.” And then he added “this property has all of the necessary car parking, technology and facilities to ensure that all tenants enjoy consistent business operation and minimum disruption” .
U Soe Khine, General Manager of Myint & Associates gladly mentioned “The signing of the lease with the Australian Embassy is a signifcant achievement for us. The due diligence process undertaken by the Australian Embassy was very comprehensive and detailed and I am proud of the fact that Vantage Tower both met and surpassed all expectations,”.
Vantage Tower has approximately 20,000 sqft of offce space remaining available for lease, with a signifcant amount of demand coming from international tenants and other Embassies. Vantage Tower has now received its Building Completion Certifcate and is ready for tenants occupation. The property is located on the Pyay Road over-looking the western edge of Inya Lake, Yangon’s most scenic area. During the frst inaugural 2015 Myanmar Property Awards, Vantage Tower was awarded Best Offce Architectural Design, Best Offce Building, and the much coveted Best Commercial Development