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The construction site of the Peninsula Yangon, the former headquarters of Myanmar Railways. The hotel will be on the grounds of the 4-hectare Yoma Central commercial complex in Yangon. (Photo by Yuichi Nitta)
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YUICHI NITTA, Nikkei staff writer | Myanmar, Cambodia, Laos

YANGON -- In the heart of Yangon, the commercial capital of Myanmar, the former headquarters of Myanmar Railways is surrounded by white steel frames. The historic redbrick building, more than a century old, is being restored and will be the future site of the Peninsula Yangon, a luxury hotel set to open in 2021.

The grand structure sits near the Yangon Central Railway Station on a 4-hectare development called Yoma Central, a commercial complex that will include four modern high-rises, including the hotel. The company spearheading the massive projects is Serge Pun & Associates.

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