July 2013

Archetype manages Diamond Inya Palace project in Myanmar

After only months since opening an office in Yangon, Archetype Group is proud to announce that it has signed the contract for project management services on a building that will become the tallest building in Myanmar, Diamond Inya Palace. This contract was awarded following a successful Design Review done several months ago by Archetype on the same building. Located in near proximity to Inya Lake, The Diamond Inya Palace is a residential complex of 34 stories and a GFA of approximately 120,000 m2. There will be 406 apartments, including four penthouses, and facilities include a spa, a mini-theatre and a swimming pool. This project greatly enhances our high-rise portfolio in Asia, with several high-profile projects already under construction, including the Mahanakhon Tower (the tallest building in Bangkok), the St Regis Hotel and Office Tower (one of the highest towers in Jakarta) and the Saigon M&C building (2nd highest tower in Ho Chi Minh City). Mark Petrovic, Managing Director of Archetype Group’s Yangon office explains why Archetype was awarded this contract, “Many of the region’s developing cities are encouraging the addition of high-rise buildings to their skylines to promote a more sophisticated urban image. We are well-placed for this type of growth in Myanmar because of our solid high-rise experience across South East Asia and our knowledge of the local conditions and culture allows us to better understand and answer client expectations.” As one of the new players in the Myanmar construction industry, Archetype Group has already signed contracts for several important projects there, including airports, mixed-use and hotel developments. The firm has also established strong and lasting relationships with some of the country’s most successful developers and construction companies. Pierre-Jean Malgouyres, General Director of Archetype Group, says “Myanmar represents an enormous opportunity for us to extend our network of offices and expertise to the meet the requirements in this developing country. This project is high-profile and the first of its kind in Myanmar, and a great platform for us to showcase our strong project management proficiency to other local developers and investors.” The Diamond Inya Palace is due to be completed in late 2015. 16 July