A Modern, classic building named Landmark, owned by Hongkong Land, is being built next to the US Embassy near the centre of Phnom Penh and near the famous Wat Phnom, which the capital was named after.

The project, which had its ground breaking ceremony in early September, will cost US$100 million. The architect has planned the first phase to build 20 floors above ground and four levels in the basement.

Daniel Parkes, the General Manager of Hongkong Land in Cambodia, said: “Hongkong Land, in the first phase, has purchased three property sites in Phnom Penh since November 2011. One is the Central Mansion for the whole building, and it has 101 serviced apartments.

“The other property is the Landmark project that we would like to highlight today. And the third piece of land is located on the riverside just opposite to the Unalom pagoda.

“The Landmark building will be finished construction in 2016. From the ground floor to the fourth floor will be retail outlets and a shopping mall where costumers can find all kinds of products and well known brand names from around the world,” he added.

“There will be more than 80 units for shopping, with its total area of 17,464 square metres. And restaurants and bars will be located in the surroundings.

“For 16 floors, starting from the 5th to the 20th floor, there will be high quality offices for rent and they are of an international standard and will include some banking businesses, while the roof will serve as a green garden and for al fresco dining.

“The whole Landmark building will provide full back-up electrical services.”

The building is sited on more than 10,700 square metres of land. This construction project will cost about US$100 millions.

The Landmark building is located along Garden Road No 102, one of the prime areas in town. The front of the building will be a large, long garden starting from the railway station and linked to the Tonle Sap river.

Hongkong Land is the one of the oldest real estate companies in Asia and was established in 1889 in Hong Kong.

This very successful company has owned many prime properties, land and buildings throughout Asia in places such as Hong Kong, mainland China and Singapore. Now it is playing a leading role in the Kingdom of Cambodia.