By DALE LUMA
THE K300 million Rangeview shopping precinct in Port Moresby is scheduled for opening next month, Rangeview Heights Limited general-manager Mike Taylor says.
Jointly owned by Nambawan Super Ltd (NSL), Lamana Development and the National Capital District Commission (NCDC), the 52,000 sqm property comprises 88 residential apartments and a shopping plaza.
Taylor said the three-storey shopping plaza was over 90 per cent leased with a supermarket, selection of the country’s best retailers, international food court with five restaurants, clinic and other office space.
“The residential compound is currently leased and the Rangeview Plaza shopping centre is due to open in June. It features an underground car park,” Taylor told The National.
“We will have an international medical clinic which will be open 24 hours seven days a week when completed plus a number of various offices that will be leased out.
“More than 1,000 Papua New Guineans were employed for the construction of the precinct which took about three years.
“The plaza is estimate to generate up to 500 new jobs by retailers, the supermarket and tenants plus security guards and various contracted parties.
“The three shareholders are all Papua New Guinean companies. So the money generated by the plaza and the residential property stays in Papua New Guinea (PNG),” he added.
Taylor said there were challenges during the construction “but none that we could not work through.
“Coronavirus (Covid-19) played a lot of hustle and bustle with the development slowing down, rearranging working conditions and even travel conditions.
“Covid-19 also significantly slowed down international freight but through a great national team, we worked through it.
“We only have two offices and a restaurant available left for lease. More developments like this, the better for Port Moresby and PNG,” he added.
By DALE LUMA