Vattanac Capital Tower, one of the most recognisible elements of the city’s skyline, was officially inaugurated on Saturday.
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The building, which was actually completed in 2012 and is valued at $100 million, stands 186 metres high in Phnom Penh’s Daun Penh district. It is a mixed-use commercial building with offices, hotels, restaurants, supermarkets and a number of international brands.
The inauguration ceremony was presided over by Prime Minister Hun Sen, who said the building is a point of price for the city.
He said the building was built during the global financial crisis when growth in the local real estate sector was sluggish.
“Thanks to the efforts of the Vattanac Group, this building was finally completed. It comes to show what Cambodians can achieve,” he said, adding that the building has helped bring prosperity to the country and change the capital’s skyline. “Although our economy is now stronger, we still need more investments like this to make us more prosperous,” Mr Hun Sen said.
The 5-star hotel Rosewood Phnom Penh opened in Vattanac Tower in February this year, seeking its piece of the pie in the luxury segment of the local hospitality industry. The hotel occupies the top 14 floors of the building.