MIRAKU Capital & Development

MIRAKU entered Phnom Penh with a project that could not be described as a cautious debut. G.A.T.O Tower in BKK1 is planned as a 67-storey building of roughly 297 metres, placing it among Cambodia’s most ambitious high-rise proposals. The company has no completed portfolio, so its story depends not on past handovers but on how convincingly it moves a large concept from renderings into sustained construction.

The Japanese-Cambodian venture introduced the project in late 2025, opened a sales gallery in February 2026 and held the groundbreaking ceremony on 25 July. That is an important transition. G.A.T.O is no longer only a marketing idea, but it is not yet a building whose progress can be judged over several years.

Key facts

Project in the NovAsia catalogue

• G.A.T.O Tower — a multifunctional skyscraper (condominium + 5-star hotel) of Japanese design in BKK1, Street 334, near Norodom Boulevard. 67 floors, about 297 m tall, 710 units (472 condos + 238 hotel rooms). Freehold / hard title (strata) ownership, available to foreigners, 70% quota. Construction start — Q2 2026, completion — 2030. Amenities include a Japanese onsen, an infinity pool and a sky bar on the upper floors.

G.A.T.O Tower prices differ between broker sources, so on the site they are given as a "from $X" reference, not a developer offer. We do not claim any guaranteed income or buy-back programs on the project — they are not in our data; a 6–8% gross yield for BKK1 is a market benchmark, not a guarantee.

A tower built around a long horizon

The current programme includes 472 private residences, a hotel, executive homes, penthouses and upper-level social spaces. Completion is targeted for the fourth quarter of 2030.

The long programme changes the nature of the decision. Over more than four years, the district, rental market, construction costs, hotel model and the buyer’s own circumstances may all change. The taller and more complex the building, the more dependent delivery becomes on finance, engineering coordination and contractor continuity.

Japanese architect Shin Takamatsu created the concept. LBL International has been appointed as the main design-and-build construction partner, with Wise responsible for development and engineering coordination. Meinhardt and COVA are also involved.

For a first project, that consultant team is a meaningful advantage. MIRAKU has placed major technical responsibilities with firms carrying experience beyond the developer itself. Strong consultants, however, cannot replace the developer’s ability to manage budget, decisions and sales through the full cycle.

The hotel remains an important missing piece

In a mixed-use tower, the hotel affects more than branding. It shapes entrances, reception, shared facilities, service charges and the way the property is perceived by tenants. The operator has not yet been publicly identified, while participant material is inconsistent on the number of hotel rooms.

Until the operating model is clearer, buyers cannot fully understand which spaces are shared, who controls service delivery or how the hotel will interact with private owners. For a project selling status and international standards, that is not a minor detail.

MIRAKU will appeal to buyers willing to accept a long horizon in exchange for architecture, height and a BKK1 address. It cannot yet be assessed like a company with operating towers. G.A.T.O must first demonstrate sustained construction progress, a clear hospitality concept and the ability to preserve quality over a very long programme. At present, it is a strong idea supported by serious specialists—not yet a completed development record.

Sources

The official G.A.T.O Tower project brochure · the official MIRAKU website (miraku-capital.com) — developer public materials, opened in July 2026 · a MIRAKU post dated 11 May 2026 on signing an MOU with LBL International Construction (the post states the ceremony date inconsistently, so only the publication date is used) · public listings on Cambodian real estate portals (realestate.com.kh and others) · NovAsia partner network data on the ground. The project team composition (architect, engineer, management) — per the developer and public materials. The absence of completed projects is noted deliberately. Verified: July 2026. Data may be updated.