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Old April 9th, 2010, 08:06 PM   #1
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Papua New Guinea (Real Estate/Property) Construction

Construction News from Australia's Closest Neighbour

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Old April 9th, 2010, 08:12 PM   #2
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Holiday Inn to undergo a multi-million Kina make-over



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Members of the largest superannuation fund in the country, Nambawan Super will benefit from a K200 million investment to expand the Holiday Inn in Port Moresby (artist's impression above).

Nambawan Super is the major shareholder with 54% of the Kumul Hotel group which owns Holiday Inn and Crowne Plaza.

Last week (Mar 29) Kumul Hotel group signed a contract with Canam Construction Company of New Zealand to begin work this year.

The hotel expansion comes at a time when the LNG projects are set to begin with the demand for accommodation in the nation’s capital expected to rise.

Chairman of Nambawan Super, Sir Nagora Bogan said the Holiday Inn had been an important institution in Port for over many years as an accommodation provider.

It is now time, he said, for the shareholders to capitalize on the full potential of the site to benefit the thousands of members of Nambawan Super, as well as the members of the Melanesian Trustee

Fund which is a minor shareholder.

When signing the contract with Canam Construction, Chairman of the Kumul Hotel group and Nambawan Super Board member, Mr Greg Taylor said the demand for short and long-term accommodation, and resort-style facilities had increased and it was expected to continue as the flow-on effects of the LNG projects percolate through the economy.

The expansion work will include a new hotel and all-suite apartment block at the current Holiday Inn site.

The new hotel to be called HOLIDAY INN EXPRESS will add 200 rooms to the group’s

existing 312 whilst the separate block of apartments will add another 86 apartment suites to the hotel chain.

The hotel will have 11 levels with the 200 rooms being located on eight (8) floors. The other three floors will be reserved for car parking. In total, there will be 158 queen-size rooms and 40 twin-size rooms.

On the other hand, there will be 86 all-suite apartments, 58 of them will be one-bedroom while 28 will have two bedrooms.

The first phase of the project involving extension of the hotel facilities which is the all-suite apartments will commence immediately for completion this year whilst work on the hotel section will begin in May and is expected to be complete in late 2011.

Representative of the Intercontinental Hotel Group (IHG) which operates Crowne Plaza and Holiday Inn, Mr Bruce McKenzie, said the new development would establish a competitive edge for accommodation in the nation’s capital.

“Considering the high demand for accommodation products in Port Moresby, both the all-suite apartments and the Holiday Inn Express service model will enhance the appeal for our existing accommodation,” he said.

“The new facilities will provide a distinct competitive advantage, especially in relation to larger companies seeking service and product standards that can be provided by an international operator with long-term commitment to the destination.

The Holiday Inn Express model is the first for the South Pacific region.

Mr McKenzie added, “We are particularly excited to be introducing Holiday Inn Express to the South Pacific region. The express will complement our current Holiday Inn and Crowne Plaza hotels by offering a fresh, uncomplicated hotel with competitive rates to a range of government and mid-scale business travelers.”

At the signing last week was the Chairman of the Kumul Hotel Group Mr Greg Taylor with fellow Board member Mr Wayne Smith.
http://malumnalu.blogspot.com
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Old April 9th, 2010, 08:38 PM   #3
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Steamships commercial development in Gordon, along the Poreporena Feeway.-Pictures by MALUM NALU





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Old April 9th, 2010, 08:48 PM   #4
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Steamships’ commercial development in down town Port Moresby

Earlier Construction







Later Construction



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Old April 9th, 2010, 08:52 PM   #5
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Ela Beach Hotel suites





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Old April 9th, 2010, 09:08 PM   #6
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Progress from the Various Projects

Nambawan Super commercial development in down town Port Moresby



Nasfund signboard at Harbour City



Nasfund's IPA Haus along Lawes Road



Nambawan Super's commercial property development in downtown Port Moresby



Nasfund's 'The Edge' with Ravalien Haus in the background



Work starts on Ela Vista on Touaguba Hill overlooking Ela Beach



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Old April 9th, 2010, 10:06 PM   #7
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Progress from the Various Projects

Josie St Warehouse – 3,000 sq m, value K8 million, refurbished in 2008



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17-unit apartment complex Lae – value K21 million, under construction, Nasfund joint venture with Zenag Chicken, completion date Dec 31, 2010
Nambawan Super gears up for another office complex



Quote:
Amidst the shortage of office space in Port Moresby, Nambawan Super is gearing up for a new A-grade standard commercial office development in which construction is being planned for mid 2010.
The six-storey building, which will have a key unique feature with a design that will be based on ‘environmentally sustainable design (ESD) principles or more commonly known as a ‘green’ building, may become the first of its kind built in the country.
The new building, to cost K60 million, will be built alongside the Hubert Murray Highway opposite the Murray Barracks and takes up space that was formerly the Taurama Squash Courts.
Nambawan Super will be moving its offices to the new building and will take up two floors, while the other floors will be allocated for either commercial office space
and or services.
The new office complex will include five levels of commercial office space, ground floor of lobby and retail space and two levels of basement parking.
The building design will include a central atrium running the full height of the
building in order to enhance and provide natural daylight to all the office floors, as well as allowing fresh air circulation to improve indoor air quality and environment.
The atrium also allows for interconnecting communications stairs between floors to enhance flexibility and connectivity of the office environment.
Among other ESD initiatives being considered in the building plan will be to incorporate
extensive sunshade to the facades and developing a management system to manage all the building services systems such as the monitoring of energy use, and water recycling.
The total development will be 5500 sq m with each typical commercial office floor covering 1000 sq m.
The architect and the design consultant team will soon be appointed to start work on the design of the office complex while tender for a builder is expected to be announced next year in order to select a builder to begin construction work.
The total development, which includes design, planning authority approvals, tendering and construction will take about 29 months to complete and should be available for tenancy by early 2012.
http://malumnalu.blogspot.com
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Old April 9th, 2010, 10:14 PM   #8
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Progress from the Various Projects

Nambawan Super invests in Kokopo hotel industry





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The historic site of Queen Emma’s residence at Ralum near Kokopo in East New Britain will soon become an impressive three-storey hotel called Gazelle International.
Construction work started early this year on the multimillion kina hotel which is jointly owned by Nambawan Super which has majority shareholding, plus Airways Hotel and East New Britain provincial government.
The owners of the new development have taken into account the invaluable historical significance of the hotel site and have modeled the design of the hotel to reflect as much as possible Queen Emma’s original house.
This included renovating the original steps of the Queen Emma residence as a draw card and a major tourist attraction.
The steps are still located on the hotel property leading towards the golf course.
The hotel will comprise a reception, lobby shop, coffee lounge, restaurant, bar and poker machines all on the ground floor, while a total of 52 rooms make up the two upper floors.
Other amenities will include a resort pool, and a separate conference building which will seat up to about 150 persons.
In recent years, an influx of people have been attracted to Kokopo for conferences and a real need for good facilities have been unavailable to cater for their needs.
The builders for the hotel are Lamana Development Limited while the architect is Peter Kubli of Cairns.
According to the builders, the Gazelle International Hotel is designed to cater for a mix of customers, international tourists as well as conference people and weekenders.
All rooms will have spectacular views over-looking the blue waters of Blanche Bay and looking up to the green hills of Kokopo.
Building material for the hotel is mostly from PNG and via PNG suppliers.
Specialised equipment and furnishings are imported from various countries.
The Hotel which is expected to be completed early 2010, will bring about greater employment opportunities creating jobs for around 60 people, and will also
contribute to boosting the province’s economy through the development of tourism.
The hotel project managers agree: “Kokopo is a significant economic centre in Papua New Guinea plus it has an enormous untapped tourism potential.
“Rabaul, before the volcanic eruptions was held in high esteem as the most beautiful town in the country.
“We believe Kokopo will continue to expand, and with its unique mix of natural wonders, will attract people to visit this beautiful part of the world.”
Managing director of Nambawan Super, Leon Buskens said the new hotel investment should not be seen as competing with existing accommodation facilities but rather complementing them as the hotel was pitched at another segment of the market.
The larger conference room facility compared to the accommodation will mean
sharing of rooms within the Kokopo market
Mr Buskens said: “We are looking also at spreading our investments outside of Port Moresby and Lae where the investment returns are sustainable.
“The principle of partnership is one of long-term strategic value with the Lamana/Airways group which means that we are tapping into a proven and quality local brand with international standards, while the provincial government business arms bring local content and business alignment with provincial governments.
“Already one such model is operating in Alotau, in the Alotau International Hotel. “Likewise, the fund is also looking at the other centres to create a local hotel chain
with international quality standards.”
He added that the partnership provided much needed training and development of local people as well as expertise in international hotel management services through the Airways/Lamana group.
Conversely, the involvement of provincial governments provides local representation and content.
Nambawan Super development as seen from Crowne Plaza





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Old April 9th, 2010, 10:27 PM   #9
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Progress from the Various Projects

Gateway Hotel Conference Centre, Seven Mile







Port Tower, Hunter Street, Port Moresby







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Quote:
The Port Tower currently under construction on Hunter Street in Port Moresby to cater for office space and executive apartments and is expected to be completed next year

Additional Information: http://www.sre.com.pg/port_tower.html
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Old April 9th, 2010, 10:47 PM   #10
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Progress from the Various Projects

Armit Place



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Currently selling individual floors and units ‘off the plan’ through Century 21.
Three levels of secure underground parking
Additional car parking spaces are also available to privately purchase.
Five levels of commercial office space.
Five levels of luxury penthouse-style apartments.
By GARY G. HALLARDAssociate Director/Senior Project Manager
Pacific Architects Consortium (PNG) Limited
IPI Building, Lae



Quote:
The Building consists of a secure semi-basement car parking for all tenants plus separate
off street visitor parking.
It is anticipated that there will be over 1000 square metres ground floor retail area with four floors of commercial space at 750 square metres per level of net lettable Area.
The remaining top two penthouse floors contain a mixture of two and three bedroom boutique apartments totalling 10 that have unsurpassed views to the Huon Gulf and Salamaua.
The entire building has been carefully designed to latest technology while being
Environmentally- friendly and robust to meet the harsh and diverse climate conditions
experienced in Lae.
The building will be a landmark building for Lae and Nambawan Super Limited.
Reef Apartments – Stage 111



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Construction to commence in August, 2009.
Reef Apartments are set to reach a new bench mark of excellence in quality, style and finish.
The 18 luxury apartments all have stunning views over Fairfax Harbour, with two of the three bedrooms all with views to the harbour.
Each unit has two spacious undercover car parks.
A separate car wash bay is also provided on site.
The complex will contain a complete entertainment area with all facilities readily available.
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Old April 9th, 2010, 10:58 PM   #11
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VISION CITY, Waigani











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Vision City Mega Mall was launched during the ground breaking ceremony in June 2008 signifying a major milestone of the K1 billion Vision City Waigani developments. The shopping mall with a total gross floor area of approximately 45,000 sq.m is targeted to open in early 2010. The shopping mall is a 3-storey structure with one floor of under croft car parking. It will house a hypermarket, mini anchor tenants, foods and retail outlets. The building is constructed of steel frame with block work infill and steel frame roofing; its facade will be a mixture of aluminum and low-e glass panel. The building will also have a state of the art automation system to ensure a safe and comfortable environment of its users. The under croft car park offers you car park spaces away from sun and rain on top of tight security. Master planned and developed by Dynasty Development Ltd (DDL), the compact 9.2 hectare integrated mixed development will see a new landmark in Waigani City Centre consist of, the largest Shopping complex in Port Moresby, Luxury business hotel & Convention Centre, Executive Apartment, Tower Commercial Office Tower in a one-stop self contained, convenient and secured environment.
http://www.rhpng.com.pg/PDF_files/Is..._RH%20Nius.pdf
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Old April 9th, 2010, 11:01 PM   #12
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Vision City, Waigani (Continued)

MASTER DEVELOPMENT PLAN



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The design strikes a balance of shopping, commercial, dining, entertainment and residential in an idyllic lifestyle while spoiling users and visitors with the niceties of modern urban living experience. Vision City Waigani aims to provide your needs under one roof !

From business to shopping, entertainment to dinning, paying bills to meeting friends, accommodation to attending meetings, furniture to electronic goods, banking to book store . . . the city complex offers you multiple choices besides convenience beyond the simplest "ABC". Health and beauty facilities such as clinics, pharmacy, specialty therapy, spa and gymnasium facilities will also be part of the attraction of Vision City Waigani.

To achieve these, the complex will boast stylish design and carefully selected tenants mix with constant drive from its management to propel the development to greater heights.

The combination of the meticulous planning and the unsurpassed location is the golden formulae to the success of a development and Vision City Waigani offers you all. Vision City Waigani will definitely transform Waigani skyline in the very near future.

We welcome you to be part of this MASTER PLAN.
LOCATION & ACCESS



Quote:
Located at the junction of two well planned and constructed major arteries; Waigani Drive and Sir John Guise Drive, the site captures the best location and offers blasting opportunities beyond imaginary within the vicinity of Waigani. Parliament, Gorvenment houses, Embassies, Commercial Offices, Residential Estates and Port Moresby Golf club are all within close proximity to the K1 billion Vision City Waigani site.

Accesses to the development are well planned with top consideration of providing smooth and hassle-free traffic flow both within and outside the site. Each access will be manned with security guards for maximum protection of the public.

More than 2,000 car parking lots will be provided within the secured compound.
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Old April 9th, 2010, 11:04 PM   #13
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Vision City, Waigani (Continued)



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Being the pilot project, Vision City Mega Mall launched the ground-breaking ceremony in June 2008 signifying a major milestone of the K1 billion Vision City Waigani development.

The shopping mall with a total gross floor area of approximately 45,000 sq.m is targeted to open in early 2010 with new homes to more than 60 retail stores including its main anchor tenant 'RH Hypermarket' which will occupy an area of more than 8,000 sq.m alone.

The 3-storey mall featuring a large circle dome entry facing the major junction of Waignai and Sri John Guise Drives will offer a new shopping experience to residents in Port Moresby, not only offering a spetacular selection of retail essentials but also providing choices of alfresco dining for breakfast, lunch and dinner on your choice of indoor air-conditioned or outdoor open terrace environment.

WCMM provides ample parking lots of more than 1000 to ensure every shopper will easily find a spot. Undercroft car park offers you car park spaces away from sun and rain on top of tight security.


Prospectus



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Old April 9th, 2010, 11:08 PM   #14
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Vision City, Waigani (Continued)

HOTEL COMPLEX & CONFERENCE CENTRE



EXECUTIVE APARTMENTS (future development)



OFFICE TOWER

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Old April 9th, 2010, 11:10 PM   #15
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Vision City, Waigani (Continued)

Construction work 2009







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Old April 10th, 2010, 12:04 AM   #16
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Vision City, Waigani (Continued)

Construction work Early 2010













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Old April 10th, 2010, 12:07 AM   #17
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Vision City, Waigani (Continued)







Mega-mall expected to open this year

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Work is progressing well on Vision City Waigani, a project which promises to transform the whole economic landscape of Port Moresby.

I yesterday visited the project site and found a hive of activity on the eye-catching site, with workmen busy as bees.

The Rimbunan Hijau (PNG) Group is undertaking this most-ambitious commercial property development ever undertaken in the country at an estimated cost of K1 billion.

The proposed multi-user complex will incorporate a three-storey mega-mall, a 12-storey hotel with more than 290 rooms, a twin-tower office block, a convention centre and about 120 serviced apartments.

The mega-mall is expected to be opened this year, however, RH management were not available yesterday for comment.

Vision City is located on a 9.2ha site fronted by Waigani Drive and Sir John Guise Stadium.

Vision City will create a new focal point for shopping and business in addition to Boroko, the downtown area and Harbour City.

The master plan for the spectacular project, to be undertaken by the RH Group's property subsidiary, Dynasty Development Ltd, has been approved by the National Capital District Commission and a ground-breaking ceremony was held on Tuesday, June 17, 2008.

Work began first with the shopping mall.

Besides a large hypermart and department store, the mega-mall will feature more than 50 retail outlets.

The entire project is expected to take between seven and 10 years and will create about 1,800 jobs at the peak of construction.

"Once Vision City is completed we expect that about 5,000 people will be employed or accommodated within this vast complex that will virtually represent a city within a city," RH managing director James Lau said in 2008.

"It will be home to some 250 business entities and be responsible for generation of business activities worth K200 million to K250 million a year.

"This and other projects being undertaken in Harbour City and in the downtown area are destined to turn Port Moresby into one of the most-dynamic and vibrant cities in the South Pacific.

According to Dynasty, the mini-city complex will have a floor area of 150,000 sq metres or more than seven times the floor space in the 19-storey Deloitte Tower.

The 33,000 sqm shopping mall alone will increase Port Moresby's current shopping floor area by more than 20% and generate around 1,200 jobs.

Similarly the hotel, which will be managed by an international chain, will be the largest in the city.

The twin 10-storey office blocks will be built in two phases.

On completion they will boost the available office area by 60,000 sq m, about three times more than the space available in Deloitte Tower.

Mr Lau said the RH Group had spent several years planning this mixed commercial and residential development.

"This project will only be successful if the PNG economy continues to experience strong growth and we are confident that initiatives undertaken by the present government in recent years will ensure a healthy climate will prevail for private sector investment and growth," he said.

"The extremely strong growth in employment in the past two years is one of the factors that make us confident that a visionary project of this scale can be a commercial success by providing many more world-class amenities for public use.

The complex will incorporate various high-tech features to take care of growing concerns about greenhouse effects and climate change.

The hotel, for example, will employ sun-shading devices to maximise natural ventilation and natural lighting and an "external skin of steel mesh over part of the façade" will reduce power requirements.

The landscaped courtyard for the serviced apartments will also allow for better cross ventilation and improved entry of natural sunlight.

There will be 2,600 parking lots, with a third of them under cover.

Residents of the apartments will have use of squash courts and a gymnasium.
http://malumnalu.blogspot.com
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Old April 10th, 2010, 12:34 AM   #18
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Progress from the Various Projects

Port Moresby moves towards sea in 2010



Caption: Artist’s impression of Harbour City

Quote:
Nasfund’s bold commitment three years ago to shift the city focus to the water and to Harbour City is moving closer to reality with the announcement of 65 apartments to be constructed, starting March 2010.

Nasfund will own 60% of this venture.

The additional 65 apartments combined with the 20 apartments (Sol Wara) already under construction plus 9,000 sq m of office space signals a new concept for Port Moresby – living and working by the water.

“This major on-going project was the product of a well-considered plan to shift the Town towards the sea and capitalise on Fairfax Harbour,” according to Nasfund joint CEO Rod Mitchell.

“Similarly Harbour City and the surrounding precinct of Konedobu were ideal for development being two kilometers from the GPO and linked to the Poreporena freeway. “Easy access without the congestion of town made this location extremely desirable.

“It also meant that the Town could be split with a new ‘City’ – totally without the constraints the ‘Old City’ had shackled itself to, including poor traffic flows and ‘hotch potch’ architecture.

“This however will soon change as Nasfund develops a commercial plan for the Burns Philp site and in doing so revitalise a significant part of the town centre.

“Across in Konedobu, with the soon to be completed IPA House covering 2,700 sq m and ‘the Factory’ – a seven pod commercial development covering 6,200 sq m, the “Archipelago project will draw to a close as we begin plans for a further commercial splash in late 2010.”
Ela Vista a development to watch out for in 2010









Quote:
Ela Vista, a new luxury low-to-medium density residential development is coming up on Touaguba Hill, facing Ela Beach, and will be one of the many developments to watch this year and beyond.

This development promises to transform the face of Port Moresby once completed in the next few years.

The whole project totals 180 residential units on a land covering about 3.5 ha.

The K250 million-project will be developed in stages by Glory Estate Ltd (formerly known as Kembis Holdings Ltd).

The first stage totals 87 units, comprising semi-detached, terraces, and triplex apartments.

Set high on Touaguba Hill, Ela Vista looks over Ela Beach and beyond toward the sea.

It also looks over the Koki area.

Apart from the spectacular view it affords, the development is also handily located near amenities.

It is only 300m from the city centre.

Ela Vista boasts a contemporary design offering open-plan living to suit the lifestyle of young executives or a family.

Each unit is designed to take full advantage of the views while offering safe, convenient and comfortable living.

Ela Vista will have 24-hour security, back-up power and water supply through a centralised property management team appointed by developer, Glory Estate Ltd. Common facilities like street lights, landscape and rubbish disposal will also be taken care of by the team.
Work on the ‘The Edge’, Harbour City, on Sunday.Pictures by MALUM NALU







Quote:
Nasfund has recently committed with Curtain brothers to the biggest apartment construction in Papua New Guinea history.

Based on a 70-30% split, 63 luxury apartments will be constructed at Harbour City next to Sol Wara Apartments owned by Nasfund.

Known as “The Edge”, these apartments will butt the sea, looking straight down Fairfax Harbour and the Yacht Club.

The complex will rise six stories (one more floor than adjoining Sol Wara apartments) and is designed in conjunction with the recent constructions along the archipelago.

“That is, Nasfund has ensured that the development fits within the scale of the landscape,” according to Nasfund joint chief executive officer Rod Mitchell.

“We were very conscious that Harbour City displays a modern yet understated feel: - that instead of breaking the landscape, the buildings merge within the landscape.

“Our aim is to turn Harbour City into a showcase of modern subtlety that lifts the image of Port Moresby and demonstrates the growing sense of a confident nation.

“We are very fortunate that Curtain Brothers share these values as we build a legacy for the 21st Century.”

The land site covers 6,914 sq m.

At K2, 000 per sq m, the land cost is just under K13.8 million.

The gross floor area covered by the 20 x 2 bedroom apartments and 43 x 3 bedroom apartments including balconies is 14,355 sq m with ground level under cover parking for 126 vehicles taking up a further 2,085 sq m.

Total cost of construction will be K7-8, 000 per sq m with an anticipated yield of 12%.

Construction time is expected to be 24 months with a completion date of March 2012.

Mr Mitchell said demand for premier accommodation remained high in Port Moresby with aid agencies, diplomatic missions and senior executives chasing a shortage of upmarket quality apartments.

“Nasfund has taken the view that the complex will be taken up quickly, either by large multinational companies, embassy staff, or aid agencies,” he said.

“If Nasfund fails to secure large immediate tenants, we will aim to entice existing tenants from upmarket locations currently on Touaguba Hill and adjoining Paga Hill down to the water’s edge.

“Research suggests that a new residential complex tends to attract people from existing older complexes looking for an upgrade.

“Add the fact that ‘The Edge’ will sit on the water’s edge over looking the Yacht Club, Fairfax Harbour and 100m walking distance to SVS Foodland, we believe ‘The Edge’ will become the most-desirable address in the country.

“Rental prices remain tight at the upper end.

“High covenant accommodation going for K3, 500 – K4, 000 per week a year ago is now ranging from K5, 000 to K6, 000 per week.

“This trend should continue for the next few years until increased supply comes closer to meeting demand.

“2010, however, will be a year of shock to many tenants, as rental renewals at the upper end will increase by up to 20%.”
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Old April 10th, 2010, 03:49 AM   #19
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Wow Great thread!!


I'm always interested in what's happening in PNG. Mainly because it's so close.

What ever happend to the gas pipeline proposal from Highlands to Townsville/Gladstone? Is that still on?

PNG has such potential, such an amazing country.

THE ONLY WAY IS UP !
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Old April 10th, 2010, 04:00 AM   #20
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Yeah good threat Tbite! Let's hope the influx of the money coming into PNG from the resources stays in PNG.
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