Prince Real Estate snaps up Phnom Penh Tower

Prince Real Estate (Cambodia) Investment purportedly signed an agreement yesterday morning for the purchase of the Phnom Penh Tower from Hyun-dai Engineering (Cambodia), two anonymous sources and an executive confirmed.

The tower, built in 2011, is one of the largest in Phnom Penh with 22 floors and a net floor space of 1,033 square metres. Contacted yesterday, Hyundai Engineering (Cambodia) General Manager Dae-Gun Sun declined to provide details of the purchase agreement but acknowledged that the building had been sold.

“I can’t talk about this. This is very confidential,” he said, adding that he could provide details after Pchum Ben.

phnompenh post

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