CMHL

completed

CMHL is the largest operator of supermarkets, hypermarkets, shopping centers, and convenience stores in Myanmar with 10 shopping centers in operation mostly in Yangon, and also in other urban centers such as Mandalay. The Company runs businesses such as supermarkets, pharmacies, bakeries, and convenience stores inside leased or owned properties, and it rents out other store space to commercial tenants. The Company also owns restaurants operated by joint venture partners. The Company has a product distribution center and warehouse located in the eastern part of Yangon, and one in Mandalay, to receive products, where it processes and packages those which are semi-finished, and dispatches all finished products to its retail facilities. Products are shipped daily through its own truck fleet, some of which are equipped with mobile cold storage equipment. The Company sources food and non-food products from about 3,000 suppliers, about half of whom are located throughout Myanmar.This Project supports CMHL’s expansion through the construction of about 11 supermarkets, shopping centers, hypermarkets, or a combination thereof, between 2015 and 2018, in Yangon and in other second and third tier cities such as Monywa and Bago. Out of these, a smaller center would typically have a total floor area of about 2,500 square meters upwards, while bigger centers would each take up about 13,000 square meters. Most centers consist of one to two story buildings and some also include a basement-level parking lot. Most centers will be greenfield projects constructed from the ground up and some will be existing buildings leased by the Company. IFC has been approached to provide loan financing to support the Project.