Green giant rises in CBD

Nedbank is aiming to achieve a five-star green rating for their new headquarters, the second highest rating possible.

28 November 2018 | Banking

Staff Reporter – Almost N$700 000 will be spent every day for the next two-and-a-half years building Nedbank Namibia’s new head office at Freedom Plaza in Windhoek’s central business district.

Construction will provide jobs to 525 people during this period.

The groundbreaking ceremony of the almost half-a-billion-dollar Nedbank Campus was held on Friday.

Speaking at the occasion, the managing director of Nedbank Namibia, Lionel Matthews, said “a principled decision was taken to make use of only local procurement”. The multiplier effect that this decision will inject into the local economy is estimated to the three times the bank’s upfront investment, he said.

The mayor of Windhoek, Muesee Kazapua, said Namibia’s current economic climate suggests that organisations would cut back on expanding their expenditure on capital investment and adopt a “let’s see”-approach.

“I am therefore happy to note that even amid the prevailing world economic turmoil, where investors are pulling back in many countries, Nedbank Namibia continues to invest in Namibia with such certainty. This equally shows that they are confident in Namibia’s future,” Kazapua said.

Eco-friendly

It is generally accepted that buildings consume 40% of the world’s energy and 25% of its fresh water, as well as generate 40% of waste landfill, Matthews said.

“This is why it was critical for us to design, construct and operate a building that is energy- and resource-efficient, and environmentally responsible.”

Namibia’s scarcity of water has offered the design team an opportunity to showcase innovative water saving strategies, with the harvesting of rainwater and greywater recycling, he said.

The design also includes strategies to counter the urban heat island effect on the roof by shading it with a solar panel roof structure. “Which means that at all times, the energy, waste and water performance will be displayed to occupants and visitors to foster awareness,” Matthews said.

Even in its construction phase, the Nedbank Campus will consider the environment, he added. 70% of the soil excavated at the site will be re-used on other projects rather than being diverted to a landfill. Construction steel used will consist of 90% recycled metal.

“Energy consumption is one of the most important aspects of the green rating system and requires intense focus on the quality of the indoor environment, including the amount of fresh air, external views, thermal comfort and noise output level. These are all being considered with the construction of this building,” Matthews said.

Similar News

 

Going, going, gone

1 week ago - 14 March 2019 | Banking

The sole director of Transparency.com, which was housed in a non-descript office in Centurion, Johannesburg, has given a first-hand account of how the millions raided...

'Ask no questions, hear no lies'

1 week ago - 12 March 2019 | Banking

The liquidators of the SME Bank, David Bruni and Ian McLaren, have applied to the Gauteng High Court in South Africa to freeze five bank...

How SME Bank was looted

2 weeks ago - 07 March 2019 | Banking

Advocate Raymond Heathcote, acting on behalf of SME Bank liquidators David Bruni and Ian McLaren, said in court this week that the case read like...

Agribank chases defaulters

4 weeks ago - 21 February 2019 | Banking

Embattled farmers defaulting on their loans are increasingly being dragged to court in an effort by Agribank Namibia to recover outstanding debts. Last...

BoN, Bundesbank to further bolster ties

1 month - 18 February 2019 | Banking

The Bank of Namibia (BoN) and the central bank of Germany, the Deutsche Bundesbank, want to strengthen existing ties, particularly in the areas of combating...

Surge in use of digital banking

1 month - 11 February 2019 | Banking

FNB Namibia says customers are increasingly embracing digital banking channels in order to bank in a convenient and affordable manner.The highest number of customers migrated...

Banks sued for rand manipulation

1 month - 07 February 2019 | Banking

The Competition Commission of South Africa says Standard Chartered Bank has pleaded guilty to currency manipulation, including of the South African rand, citing a consent...

Peace of mind

1 month - 01 February 2019 | Banking

Bank Windhoek, Auto Armor Namibia and Amber Connect have forged an amazing partnership that gives customers peace of mind on the road.Bank Windhoek, Auto Armor...

LongRich model under investigation

2 months ago - 18 January 2019 | Banking

The Bank of Namibia is assessing the activities of LongRich to establish whether it is legitimate or a pyramid scheme, BoN spokesman Kazembire Zemburuka has...

IT glitch leaves bank customers stranded

2 months ago - 09 January 2019 | Banking

OGONE TLHAGEAn IT glitch left hundreds of FNB Namibia customers at Oshikango stranded yesterday.The customers, who were queuing outside the bank from 08h30, thought that...

Latest News

Millions unaccounted for at NDC,...

2 days ago - 20 March 2019 | Economics

The Namibia Development Corporation (NDC) has failed to submit documentary evidence to prove how it spent N$90.1 million between 2015 and 2017, the latest report...

Aluta continua!

2 days ago - 20 March 2019 | Columns

Tomorrow is without doubt a significant day in our national history, as we pause to celebrate the spirit of our forefathers and struggle heroes and...

Africa Briefs

2 days ago - 20 March 2019 | Economics

No end date for Eskom’s power cutsSouth Africa's public enterprises Minister Pravin Gordhan said yesterday he cannot say yet when rolling blackouts will end, as...

Cob plundering suspects nabbed

2 days ago - 20 March 2019 | Crime

Leandrea Louw Two men arrested on Saturday for allegedly being in possession of 60 large cob made their first appearance in the Walvis Bay Magistrate’s...

Unfinished pipeline impacts 7 000...

2 days ago - 20 March 2019 | Infrastructure

About 6 932 people and 33 790 large and 18 395 small stock units are facing thirst, as the agriculture ministry battles to finish the...

Apple unveils new iPad, updates...

2 days ago - 20 March 2019 | Technology

Sonam RaiApple Inc, in a surprise move on Monday, launched a new 10.5-inch iPad Air and updated its iPad Mini ahead of a March 25...

Climate change and productivity

2 days ago - 20 March 2019 | Agriculture

Climate change is a long-term change in climatic/weather patterns of the earth or region. Such change is observed in temperature and rainfall patterns, amongst others....

Palladium hits record high

2 days ago - 20 March 2019 | Business

Palladium surged to a record yesterday as the risk of a ban on some Russian exports added to supply concerns for the autocatalyst metal. Spot...

State supports non-compliant security firms

2 days ago - 20 March 2019 | Business

Employers and trade unions agree that one of the major issues facing the Namibian security services industry is that some government institutions continue to appoint...

Load More