In one of the most significant commercial leasing transactions concluded in Yangon, a major European Delegation has leased 1,895 sqm in the prestigious Kantharyar Centre, on a long term lease. The deal was negotiated by Slade Property Services represented by Agency Director Fred Hassim and Business Development Manager Hla Ohnmar Soe.
“leasing activity in the office building has picked up significantly in recent months and, at present, occupancy sits at 63% with a target of achieving 80% occupancy by the end of 2019. I am very proud of my team for their hard work over the past year in completing this large transaction, adding to our track record of achieving successful results for our clients, and I am delighted to have the Delegation join a lengthening list of quality tenants in the Kantharyar Centre”.
Fred commented, “The Delegation required a building that met their safety, security and quality standards, and after The Delegation conducted a thorough building audit, the property was accepted.”
Hugo Slade, managing director of Slade Property Services commented “leasing activity in the office building has picked up significantly in recent months and, at present, occupancy sits at 63% with a target of achieving 80% occupancy by the end of 2019. I am very proud of my team for their hard work over the past year in completing this large transaction, adding to our track record of achieving successful results for our clients, and I am delighted to have the Delegation join a lengthening list of quality tenants in the Kantharyar Centre”.
The development comprises a high-quality office tower, a 5* Hotel by Wyndham Grand, a serviced apartment building and a lifestyle retail podium. Other major tenants in the development include KPMG, Samsung, City Mart Holdings, DHL, EDOTCO and China Unicom and Power China with a number of other MNCs in the process of finalising lease negotiations in the coming weeks.
For further enquiries regarding the availability of space and the deals on offer at Kantharyar Centre email us at info@sps-myanmar.com.
