Yangon | FMI Center | 12fl | 49.73m | Completed

[SeeMacau]

Name: FMI Center
Address: 380 Bogyoke Aung San St, Pabedan Township, Yangon
Number of Floors: 12

[SeeMacau]

http://www.myanmartourism.com/images/fmi.jpg

[SeeMacau]

http://www.myanmargoodnewstravel.com...tion-fmi-b.jpg

[CIMyanmar]

image hosted on flickr

[CIMyanmar]

Interesting interior, like a courtyard all the way up to the top.
image hosted on flickr

[CIMyanmar]

image hosted on flickr

FMI Centre is one of three large office buildings in downtown Yangon. Currently the first three floors of retail are undergoing renovation.

[AsianDragons]

so it has a mini shopping area!

[SeeMacau]

Next time you should merge this with the existing threads, thanks

[AsianDragons]

ok

[AsianDragons]

[tita01]

nice

how many floors the tallest in myanmar??

[AsianDragons]

28 floors traders hotel

[Bangroma-sky]

Is this phase two from this building? Left one, they look very similar.



http://i46.tinypic.com/axfds.jpg

[AsianDragons]

yes the right one is this building

[SeeMacau]

Tenant List

Level 1 - 3
Parkson

Level 4
ATMD Consultants (Yangon) Ltd
Autron Hearing Care Centre
Bio-Tech Advanced Pest Control Ltd
Good News Travels
Kingway Enterprise Ltd.
Malikha River Cruises

Level 5
Agribusiness and Rural Development Consultants
ARD Consultants

Level 6
Chinthe Concrete Co., Ltd
Sanda Tour (Asia) Co., Ltd
Seven Golden Gates Co., Ltd.
SPA Motorcycle Ltd
The Sakura Bank Ltd

Level 7
ABN Amro Bank, N.V. Netherlands.
Assembler Computer Centre
Meeyatha International Hotel Ltd
Mizuho Bank Ltd
Price Waterhouse Associates Limited
PW Associates Ltd
The Asahi Bank Ltd
The Daiichi Kangyo Bank Ltd.
The Sanwa Bank Ltd

Level 8
Sumitomo Coporation

Level 9
JJ-Pun Agricultural & Equipments
Konoike Construction Co, Ltd
Maeda Corporation
Ranbaxy Laboratories Ltd
Shinryo Corporation
Tokio Marine & Nichido Fire Insurance Co.,

Level 10
HCG Myanmar Co., Ltd.
Mitsubishi Elevator
Myanmar Business Coalition (MBCA)

Level 11
HCG Myanmar Co., Ltd.
Mitsubishi Elevator

[SeeMacau]

Parkson to open maiden dept store in Yangon

http://www.iproperty.com.my/news/557...tore-in-yangon


KUALA LUMPUR: Parkson Retail Asia Ltd will open its maiden department store in Yangon, Myanmar, by March 31 next year to tap the under-served middle to upper income segment of the retail market.

This news comes three weeks after its announcement to move into Sri Lanka.

Parkson, in a statement to Bursa Malaysia said that together with its wholly-owned unit Parkson Myanmar Co Pte Ltd, has signed a memorandum of agreement with Yoma Strategic Holdings Ltd and First Myanmar Investment Co Ltd (FMI) to establish a joint-venture (JV) entity to operate department stores in Myanmar.

The deal will see Parkson Myanmar holding the majority 70 per cent in the JV company, 20 per cent by Yoma and the remaining 10 per cent by First Myanmar.

Parkson will use internally generated funds to finance its US$2.1 million (RM6.57 million) investment in the JV company, which has a US$3 million (RM9.39 million) paid-up capital.

The first Parkson Department Store, with an estimated size of 43,000 sq ft, will be located at the FMI Centre in the Pabedan township of Yangon. The area is home to two largest shopping areas in Myanmar.

Parkson hopes that this venture will provide it with a first-mover advantage in the rapidly growing retail sector in Myanmar.

-- BUSINESS TIMES

[SeeMacau]

Parkson store chain taps Yangon market

http://www.elevenmyanmar.com/busines...-yangon-market

The upcoming Parkson's departmental store in Yangon (Photo - EMG)



Malaysia-based Parkson Departmental Store Chain will open an outlet in FMI Center (near Bogyoke Market) this month, an executive from Parkson FMI department store announced at a press conference yesterday.

The upcoming department store is a joint venture of Parkson Retail Asia Ltd., Yoma Strategic Holdings Ltd. (YSHL), and First Myanmar Investment Co. Ltd. (FMI).

The three companies signed the venture contract in August, 2012 and Parkson owned 70 per cent, Yoma 20 per cent and FMI 10 per cent. Their initial investment amounts US$3 million.

The department store will open on the 4th floor of FMI Center and will occupy 43,000 square feet in total. Parkson estimated that the store will attract a large number of shoppers and sales will rise 20 or 30 per cent in the five year time.

The store is intended for the high income and middle class people. Depending upon the market situation, the company intended to expand another new store in four years which will have nearly 150,000 or 200,000 square feet total space.

Parkson is a department store company owned by Parkson Cooperation Sdn Bhd in Malaysia. Parkson was established in 1987 as one of the largest retail chains in Malaysia and has now reached a top position in Asia. It has famous subsidiaries such as Parkson Grand, Parkson Ria and Parkson Elite. The Parkson retail chains owns 38 department stores in Malaysia, 54 department stores in China, 8 department stores in Vietnam, 26 department stores in Indonesia and Sri Lanka respectively.

FMI is a subsidiary of SPA (Serge Pun & Associates) and was established in 1992. The FMI is a pioneering public company in Myanmar and now has 4,700 share holders. SPA has a large business portfolio including real estates, urban development, construction, agriculture, banking, retail chains, hospitals and sport grounds.

Yoma Strategic Holdings Ltd. is a Singapore Exchange Main Board Listed Company and is a member of SPA. They operate in China, Myanmar and Singapore and their main business include real estate, agriculture and automobile trading. They are making joint ventures with SPA and FMI here.

SPA group is chaired by Serge Pun also known as Theim Wai. He is a well known businessman in Myanmar and has a vast network in international business community.

[SeeMacau]

Malaysian Department Store opens in Yangon

Parkson store at FMI Centre in Yangon (Photo - EMG)


Malaysia retail chains Parkson has opened its department store in Yangon last week. It is a joint venture between Parkson Retail Asia, Yoma Strategic Holdings and First Myanmar Investment (FMI).

Parkson holds the 70 % of shares and 20 % goes to Yoma and 10 to FMI. The department store runs four floors of FMI center in downtown Yangon. The chain store expects to raise its sales to 20% to 30% in a year. It has already set a plan to build another store on 200,000 square foot lot in four years.

The store is targeting to middle class consumers. Parkson is operated by Malaysian Lion Group and it was established in 1987. It has more than 100 stores in Asian cities.

[SeeMacau]

High-end mall opens in Yangon

http://mmtimes.com/index.php/busines...in-yangon.html

The former FMI Center, a downtown Yangon landmark, will debut its new face this week as the first internationally-invested shopping centre in Myanmar.

The four-floor Parkson FMI International department store will sell top-of-the-line cosmetics, fragrances and fashions when it opens on May 11. Brands will include Lancome, Estée Lauder, Clinique, Coach, Dolce & Gabbana, Gucci, Lacoste, Hugo Boss and Tommy Hilfiger, Parkson executives said on May 3.

The opening of the Parkson mall – a Singapore-based Asia-wide chain – is the first step towards a US$350 million transformation of the property now occupied by the FMI Centre and the Grand Mee Ya Hta Hotel on Bogyoke Aung San Road. Parkson

FMI managing director Mr Tham Tuck Choy said the companydecided to invest in Myanmar in light of the government’s reforms and rapid economic development. Demand for branded items is high here, he said.

A larger department store on the Grand Mee Ya Hta compound will open within the next two years, Mr Tham Tuck Choy said, adding that it would be 10 times bigger than the one opening this week, which cost US$3 million to build.