SINGAPORE (July 26): Yoma Strategic Holdings has announced the signing of two master leases with Myanmar’s Ministry of Transport and Communications via Myanma Railways for its Landmark Development, an integrated mixed-use development as well as The Peninsula Yangon, according to a press release issued today.

The 50-year extensions will be the second extension since the first master leases were extended for an initial period of 50 years in January 1998.

With the revision of the site’s development plan, the total gross area of the Landmark Development has been reconfigured to 2.44 million sf, up from 2.12 million sf initially.

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