FIRST Mutual Properties (FMP) says construction of its US$6 million Arundel Office Park block will be complete by September this year and expects a rental yield of 78 percent.
This comes as most traditional blue-chip tenants are moving away from the growing disorderliness in the Central Business District (CBD) mainly characterised by noise pollution, high traffic congestion and a lack of parking space.
In an interview on the sidelines of the Arundel Office Park new block showcase, FMP’s managing director, Christopher Manyowa, indicated that they are in the last mile of the project.