China State Construction Engineering (CSCEC) has started construction work of a $112m office tower in Phnom Penh, Cambodia.
UK architect Aedas has designed the 32-story building, which will serve as the head office of Foreign Trade Bank of Cambodia (FTB).
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The ground-breaking ceremony was attended by Cambodia’s Deputy Prime Minister Chea Sophara.
China Construction Midland, CSCEC’s Cambodian subsidiary, is carrying out the work.
The project is partly funded by finance firm MSNH Investment.
This 78,000m2 project will feature four underground floors with parking space for 338 cars and 251 motorcycles besides a rooftop helipad,.
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By GlobalDataAccording to FTB senior adviser and vice-chairman Gui Anvanith, this building will be one of the few to be categorised as Grade A office space in the country, reported The Phnom Penh Post.
Anvanith said, “The groundbreaking ceremony of FTB Tower is a remarkable milestone of the bank’s journey in its business expansion to the next phase steadily forging ahead with the vision to be the preferred commercial bank in Cambodia.
“I hope that the FTB Tower will enhance further trust from customers and business partners. At the same time, will help promote local business, create more job opportunities, attract additional investment, and further contribute to the development of local market in line with development objectives of the Royal Government of Cambodia.”
FTB stated that the tower will be constructed with state-of-the-art materials and feature the latest in building automation, fire safety, energy conservation and environmental protection.
This project, which features an asymmetrical design, is intended to seem like the bank’s logo. It is anticipated to be completed in 2025.
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Image: The 32-story building will serve as the head office of Foreign Trade Bank of Cambodia (FTB). Credit: Hands off my tags! Michael Gaida from Pixabay.
