Another landmark development for Nambawan Super

The occasion was marked by cultural performances by this Manus Dance group. The ground breaking was performed by (below) Lands Minister Sir Puka Temu, Chairman of Nambawan Super Sir Nagora Bogan and Mr Kostas Constantinou from Lamana Group of companies.

Nambawan Super has again embarked on a new property development in Port Moresby in order to alleviate office space problems for the National Lands Department.

The development is taking place in Waigani and is being purposely built at the cost of K44 million to accommodate the specific needs of the Department of Lands and Physical Planning in serving the people of Papua New Guinea.

Nambawan Super wins land case at Malolo Estate

Nambawan Super has won a court case over ownership of large portions of land at Malolo Estate, near Port Moresby which were being claimed by a local company to build a mini soccer stadium.

The National Court has declared Nambawan Super’s ownership of the land stating it has clear titles of the land described as Sections 144, Allotments 137 to 162 Boroko, Section 149, Allotments 1 to 19 Boroko, Section 150, Allotment 1 to 59 Boroko and Section 151, Allotment 1 to 36, 37 to 53 Boroko.

Nambawan Super to fight land lease

Papua New Guinea's largest superannuation fund, Nambawan Super was last Friday granted leave to appeal before the National Court against the decision of the Lands Minister to forfeit a State lease  it owned for 99 years.

The leave was granted pursuant to Section 142(2) of the Land Act 1996 for the plaintiff (Nambawan Super) to lodge an appeal in the National Court within 14 days.

ILLEGAL TAKEOVER OF PRIME LAND

Leading super fund Nambawan Super Ltd last week slammed the PNG Land Board's decision on three portions of prime State land in the National Capital as an "illegal process."

Managing Director Leon Buskens also refuted claims by the Land Board Chairman Friend Kini that Nambawan Super had not sent its representatives to make its presentations.

The POST-COURIER reported last Thursday that the Land Board had awarded three portions of land, worth about K30 million, to a subsidiary of Malaysian giant Rhimbunan Hijau (RH).

Nambawan Super Ltd was the most prominent applicant but Mr Kini said its tender applications for the land at Badili Hill and Koke heights were not considered because the super fund had failed to send it representatives to make presentations.

Mr Buskens has refuted claims by the Chairman of the Land Board that it did not send its representatives to the Land Board to make its presentations as "factually incorrect."

Mr Buskens said; "The fact is that we withdrew from the tender process due to what became apparent as an illegal tender process."