Written: 16 August 2019

One of the Fund’s newest investments, Nambawan Super Plaza Precinct, is now welcoming the first residents who will enjoy living in the exquisite Penthouse Apartments and Crowne Plaza Residences.

Mr Anthony Smaré, Chairman of Nambawan Super’s Board, said the Precinct is expected to return K50 million a year once fully tenanted – money that will go directly to members.

“That’s every-day hard-working Papua New Guineans – policemen and women, nurses, teachers – public servants and our private sector contributors from across the country who will be paid rent by the tenants of this prestigious new precinct.”

The Penthouse Apartments are part of a Precinct that includes office, dining, retail and residential spaces.

Members of Nambawan Super own 90% of the Plaza through the Fund’s share in the site’s owner and developer, OPH.

The Penthouse Apartments are a new level of luxury for Port Moresby, with 14 beautifully finished and furnished apartments.

Two other buildings make up the precinct: Deloitte Haus was opened in 2016 and is mainly office space spread over 11 floors, with access to four levels of secure underground car parking; and Crowne Plaza Residences which consists of 54 two- and three-bedroom serviced apartments managed by InterContinental Hotels Group.

Retail and Commercial leases are also available in the precinct that, with unbeatable views and 24-hour security will become one of Port Moresby’s most popular destinations for work and leisure.

Read more in our August edition of Nambawan SuperTok newsletter.

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