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Port Moresby
January 22, 2021
Business News

Nambawan Plaza Precinct

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Nambawan Super officially opened its latest commercial complex yesterday.

The fund’s board revealed that the complex was only the beginning of a project initiated four years ago by former Board Chairman, Sir Nagora Bogan, and has been coined the Nambawan Plaza.

As the evening unfolded Board Chairman, Anthony Smare, launched the opening with a rather significant gesture.

Humble members of the fund were given the privilege to officiate the opening with the cutting of the ribbon, in the presence of board members, stakeholders and staff of Nambawan Super.

Smare said this was an acknowledgment of the contributions made by Nambawan Super’s loyal members that have pushed the fund’s substantial growth in recent years.

The complex could possibly rival some of Port Moresby’s tallest buildings, extending 11 floors up, two of the first which have been occupied by the fund itself.

It is called the old parliament house building for its situation on the land that historically once was occupied by the first parliament house.

A guest tour gave a glimpse of what Nambawan Super has done with its office space.

It was designed to improve staff performance with the inclusion of state of the art training facilities and even a staff gym apart from the conventional office desk.

The K7 billion fund invests around 14 per cent of its funds in its property portfolio.

The old parliament house is but a glimpse the Nambawan Plaza which will house commercial, residential, retail and attractive amenities to name a few in just one precinct.

He added that precinct development is its main focus and believes this to be a contribution to what they envision to be iconic properties that will drive national development in the long run.

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