Caption: Artist’s impression of
Nasfund’s bold commitment three years ago to shift the city focus to the water and to
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
“This major on-going project was the product of a well-considered plan to shift the Town towards the sea and capitalise on
“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.”