FNB this week announced that the construction of its new, consolidated administrative headquarters will commence soon. Ian Leyenaar, CEO of FNB explained that it has always been a vision of FNB Namibia to consolidate their four buildings into one and this vision is now closer to reality.
"We believe that we have at last found a location that suits our needs of providing sufficient space for current needs and anticipated future growth.
FNB Namibia is the largest locally listed company on the Namibian Stock Exchange and is 41% locally owned with a workforce of more than 1800 people. FNB is growing its local investment by putting up a building worth N$425million.
"Currently our divisions and business units are scattered across Windhoek in four different property locations and this means that efficiencies and advantage of economies of scale are not achievable, resulting in a duplicating of cost structures to manage the greater business. We have also outgrown the current buildings from a future growth perspective," he said.
Leyenaar added that FNB was particularly excited about the fact that the building will be a 'green' one.
It will be located on Independence Avenue with a site area of 4595m2 and a Gross Letable Area of 15,927m2. There will be a ground floor, five office floors and six basement levels. 685 parking bays will be available and initially the staff compliment will be 775 with a maximum capacity of 1100.
The estimated completion date is the first quarter of 2015.