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Nedbank to dispose two of its premium properties, as new head office develops

Nedbank to dispose two of its premium properties, as new head office develops

Nedbank Namibia has announced that, following the start of construction of their new head office on Fidel Castro Street in Windhoek, two of its premium properties have come on the market.

At the groundbreaking ceremony in November 2018 Nedbank Namibia’s Managing Director, Lionel Matthews, said, “We are building a great place for Nedbankers to work, and a great place for our clients to bank and invest. More importantly, though, we are investing in the economy of our country and the prosperity of our people.”

This speaks to Nedbank’s investment of N$500 million in the economy through the development of the five-star green building.

With construction well under way, Nedbank has placed the architecturally impressive Business Centre on Gutenberg Street on the market. The freestanding block with its art deco facade, situated in the western precinct of the historic Ausspannplatz, is located close to Maerua Mall, residential areas and links to the major roadways.

The other property for sale is Nedbank’s current head office on Dr Frans Indongo Street, in the bustling financial hub of Windhoek. With more than 6000 m2 of leasable space and prime positioning, the building is ideally located as a company head office.

With such prime real estate coming on the market, investors have a unique opportunity to add desirable properties to their portfolios. This will also allow businesses to expand their footprint to the centre of the capital and meet the needs of the growing Namibian economy.

Nedbank appointed Quoin Online, innovators in the niche market of online property transacting, to manage the disposals.

“The sale of these properties presents investors and developers with a rare opportunity to acquire institutionally held properties in well-located areas. They are sizeable properties, so investors can undertake meaningful developments, whether for refurbishment or redevelopment,” Miller said.

Through the Quoin Online platform all investors are given equal access to the available information.

“Both of these properties are in good areas and well located. Because these properties have housed Nedbank, they have all been maintained to the bank’s standards. Investors will be buying well-maintained properties,”added Miller.


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The Economist accommodates two interns every year, one per semester. They are given less demanding, softer issues to hone their skills, often with a specific leaning to social issues. Today, many of our interns are respected journalists or career professionals at economic and financial institutions. - Ed.