Myanmar Plaza HotelThe Myanmar Plaza Hotel
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The Myanmar Plaza opens
In Yangon, a new shopping center was opened, part of a Vietnam-backed development that will ultimately include a five-star hotel and five apartment complex. The Myanmar Plaza - part of the HAGL Myanmar Center under development on Kabar Aye Pagoda Road - was opened on December 5.
HAGL Myanmar Centre is located in Hoang Anh Gia Lai, Vietnam, and at the beginning of the year the total estimated value of the Myanmar Centre was $550 million, as already mentioned by the Myanmar Times. This new plaza covers five storeys and is home to more than 100 retailing sites - almost a third of them with groceries.
There are also boutiques for jewellery and clothing in the pavillon. In spite of the rental of almost all available floor spaces on the square, not all businesses have opened their gates, and about 40 per cent are still awaiting the light, said HAGL Myanmar Regional Manager Le Thi Kim Hoa.
"All stores will open in January this year," she said. There is still one of 10 stores on the square for hire. More than 33 regional and global electronic labels will be represented in the Life Square IT center. The opening of Myanmar Plaza is a step forward for the Vietnam-backed company.
At the center, there are two stages. First consists of the Myanmar Plaza and a five-star hotel of the Spanish Meliá Hotels International. In the second, two further offices and five apartment buildings will be built. Completion of the projekt is expected in 2017.