Nambawan Super, Lamana Development Limited (LDL) and the National Capital District (NCD) today officially opened the Rangeview Plaza to the over 2,000 eager shoppers from all around NCD.
The shoppers were welcomed in to witness the historical Grand Opening Ceremony and see firsthand the premier shopping experience on offer by the 45 Rangeview clothing, tech, homeware, service and retail outlets.
The Plaza was officially opened with a ribbon cutting by Nambawan Super Membership Representatives, NCD Governor Hon. Powes Parkop, Nambawan Super Chairman Mr Reginald Monagi, and LDL Chairman Sir. Kostas Constantinou.
Nambawan Super, LDL and NCDC representatives also marked the occasion with the presentation of three tree saplings to Rangeview management in recognition of the coming World Environment Day. This presentation is symbolic of the partnership’s commitment to delivering projects that promote environmental sustainability.
Spread over three levels, Rangeview Plaza houses the best and most loved brands in PNG. It provides a whole new experience in supermarket shopping, an international standard food court, five restaurants, a medical clinic and high-quality specialist shops to cater to the needs of every shopper.
Rangeview Plaza’s central location also provides ease of access from the main bus stop as well as ample parking for vehicles.
The K300 million Rangeview Precinct features the commercial Plaza and a residential complex, Reangview Estate, next to the National Capital District Commission’s City Hall along Waigani Drive.
The Precinct covers a combined net area of 52,000 square meters consisting of 88 townhouses; international standard recreational and retail amenities; a 24/7 medical clinic and round-the-clock security; as well as ample safe parking for shoppers and residents.
The Precinct ownership is split between three PNG companies: 56.72% Nambawan Super, 12.76% National Capital District (NCD), and 30.52% Lamana Development Limited.
Mr. Monagi commented on the partnership saying, “This public-private partnership aims to deliver a lucrative investment that will benefit all residents of the Nation’s Capital through long-term recurring revenue generation for NCD that supports its services and while also providing a proudly locally owned major retail and commercial hub for residents to enjoy”.
“Further, the Rangeview project has already provided jobs for over 1000 Papua New Guineans during the 3-year construction period and is expected to create an additional 500 permanent jobs through the various retail outlets and its property management arm”.
“Rangeview aims to not only be the Country’s premier shopping centre but to also be a driving force for further economic growth within PNG for all Papua New Guineans”, he added.
With Nambawan Super as the majority shareholder, the project is also expected to generate long-term returns for Nambawan Super’s over 214,000 members nationwide.
Rangeview is proudly PNG-owned and aims to be an industry leading enterprise that benefits everyday hard-working Papua New Guineans through providing high quality goods and services, supporting State led development and growing the retirement savings of Nambawan members.
