On March 11, 2014, Mongolia's Mon Uran LLC has signed a Letter of Agreement with Japanese architect Nikken Sekkei Group during the MIPIM international real estate
show held in Cannes, France that takes place annually in March.
The document signing ceremony was attended by Chairman of Nikken Sekkei Group Mr. Mitsuo Nakamura, CEO of Mon Uran LLC Mrs. Batsukh OYUNCHIMEG and MP Mr. Batsukh NARANKHUU
and the Agreement requires Nikken Sekkei to design a mixed-use ambitious project namely Tower.
In the scope of the Tower Project
, Mongolia’s first ever a 68-story building will be built in the center of Ulaanbaatar city. According to project blueprint, the high raise building will be situated in 1.1 ha south to Children’s Palace with a built up area of 110,000 square meters.
The tower will reach about 250 meters over 68 floors with earthquake
resistant technology and will feature Observatory Deck on top floors, Residential Area for sale, Serviced Apartments, 5-Star Hotel, Offices, Commercial Area, Indoor & Outdoor Parking to be constructed with World Standard Development under Best Management Team, where the Nikken Sekkei Group is experienced to complete more than 20,000 projects in some 40 countries.
The Project is to start in 2014 and pledges to be completed by December 2018.
Commenting at the signing ceremony, CEO of Mon Uran LLC B.Oyunchimeg said, “We agreed that MIPIM would be an ideal international platform for us to sign our agreement and we intend to showcase the project here next year. However the actual contract execution ceremony will take place later this month in Ulaanbaatar
. We choose Nikken Sekkei because this project requires high quality and vision and we believe that they have the right credentials to deliver such a design”.