Vattanac: A Tale of Two City Developments

Vattanac may still be a family business, but a symbol of its big aspirations can be seen emerging from Phnom Penh’s skyline on Monivong Boulevard, where the company is building a 38-story tower that will house its headquarters next year. The tower, which was designed by renowned international architects TFP Farrells and is being built by South Korea’s Posco E&C, is perfectly positioned in the heart of Cambodia’s emerging central business district. However, a few blocks east on the city’s history Sisowath Quay, Vattanac is involved in a very different type of property development, and a controversy that seems out of character with the company’s hard-earned reputation for professionalism.