Property ready for lease


THE construction of the Gobe Haus in Lae, Morobe, has been completed and the building is now ready for lease, according to Mineral Resources Development Company (MRDC).
The modern building is the MRDC group’s first major investment in Lae.
Gobe Haus is part of the Pacific Property Trust Portfolio (PPT) and was built at a cost of K26.5 million.
“Over K2.5million of savings was made on the project, demonstrating MRDC’s robust procurement and project management system,” the company said.
“The building features three floors of commercial office space and embodies the MRDC brand.
“Its design and quality gives a much needed facelift to the country’s’ second largest city.”
Earlier this month, the PPT unit holders from MRDC group subsidiary company boards; Petroleum Resources Gobe (PRG), Petroleum Resources Kutubu (PRK), Petroleum Resources Moran (PRM), and Mineral Resources Star Mountains (MRSM) were accompanied by the MRDC managing director, Augustine Mano, to see the progress being made on the commercial property.
Even before completion, nearly 100 per cent of the ground floor has already been leased.
“The directors were impressed with the quality of the product. They were equally impressed with the increased interest from prospective tenants, and the fact that tenants have already taken up lease even before completion of the building.”

One thought on “Property ready for lease

  • Lucrative investment for Mineral and Petroleum Projects landowners. Well done Mr: Augustine Mano for making the right investment decision.

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