FNB's new R355m Menlyn office development on track
Banking group First National Bank (FNB) on Tuesday broke ground on a R355-million office development in Menlyn, Pretoria.
The complex will become the regional head office for FNB, Rand Merchant Bank and other divisions scattered across the city, many of which have been leased up to this point.
The development will be owned under sectional title by both FNB and Growthpoint and will have two separate office blocks of 15 080 m2 and 9 880 m2 respectively.
The building will comprise a super basement of four levels, a ground level and five levels of office space, accommodating 840 people.
FNB Gauteng provincial chairperson Howard Arrand said that the specifications of the building surpassed the normal criteria of a commercial building, with raised access flooring for flexible voice/data/power reticulation to workstations, as well as significant emergency power back-up installations.
“Energy efficient technology has been specified in the air-conditioning, power and lighting installations. Once complete, the building will be managed by FNB to conform to internationally recognised standards for environmental and safety operational criteria, encompassing environmental best practice methods in respect of waste recycling, energy efficiency and safety,” he said.
Tshwane mayor Kgosientso Ramokgopa, who participated in the sod turning ceremony, said that the city had identified the Menlyn precinct as an econom hub. “With the rolling out of a bus rapid transit system, from the Pretoria train station to Menlyn we will soon have a functional economic area, accessible to everybody,” he said.
Arrand added that FNB believed in the economic growth potential of Tshwane.
“The building of the Menlyn office complex is part of our continued investment into the city.
“The city of Tshwane, apart from its importance as seat of government for the country, finds itself at the business corridor gateway to the new wave of mining activity just north of the city not to mention the growing business traffic through to Zimbabwe and beyond. Revamped airports, new six-lane motorways between Johannesburg and Tshwane and the recently commissioned Gautrain are some of the infrastructure now pointing to much growth potential and a buoyant future for Tshwane. We want to contribute to and be part of Tshwane’s growth story,” Arrand added.
He said that the project would contribute to job creation in the province, specifically in the local construction industry.
Architects Boogertman & Partners have designed the development and the principal contractor is Steffanuti Stocks.
FNB will take occupation of the building in February 2013.
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