adminThe US$34 million project, which began during a period of acute economic problems in February 2007, is the fourth office park initiative by the property giant, after Mutual Gardens, Emerald Office Park and Tendeseka Office Park.
Speaking at a roof wetting ceremony at the site on Friday, outgoing group chief executive Luke Ngwerume said the project was in line with the group’s objective of providing high quality office space in good locations for their tenants.
“It is a privilege for Old Mutual to have another major development that adds to the appeal of Harare’s northern panorama. Construction began during a very difficult economic climate, but we persevered and we are proud to be here today.
“Our dedication in completing this project clearly demonstrates Old Mutual’s long-term commitment to Zimbabwe. Our priority remains the sustainable socio-economic development of Zimbabwe and its people and we will continue to play an active role in the recovery of the economy,” he added.
“I would also like to point out that the property portfolio that we manage belongs to pensioners, policyholders, widows and orphans and we have a duty to ensure that the buildings realise reasonable returns for these customers. Investing in properties such as this will go a long way in ensuring that we deliver return on investment to our clients and shareholders.”
The Borrowdale project is in line with Old Mutual’s development principles that incorporate greening initiatives as per international trends.
The office park development incorporates greening initiatives as per international trends, which include green roofing for the centre block, solar water heating, water efficient landscaping, energy efficient lighting, environmental tobacco smoke control and also allows the use of clear glass.
Online Reporter