In just over two years, the Harbour City vision is proudly taking shape with the recent Nasfund-owned ANZ building completed and two further buildings due to be completed over the next nine months.
“The initial construction over the three sites will cost Nasfund about K115 million with a luxury 20-unit residential development to come on line in December and a 5,400sqm office complex to be completed in March 2010,” according to Nasfund’s August newsletter.
“Both constructions are fully pre-let or under offer.
“A close associate and fellow property developer, East New Britain Supermarkets Ltd, will soon be constructing a mix use commercial and residential development in the same precinct.
“East New Britain Supermarkets Ltd also owns the current SVS Andersons Building in Harbour City, which will undergo a refurbishment to meet the new standard that is being demanded.
“With these developments occurring and with the LNG project across Fairfax directly facing the developments esplanade, Harbour City is set to become the new hub of business and banking in the down town area in the not-too-distant future.”