VNPF Signs Lease Agreement with Japanese Embassy

June 21, 2020 11:17 pm | Posted in Business News | Share now TwitterFacebook

By Anita Roberts & Kizzy Kalsakau

The Japanese Embassy will relocate from the Melanesian Hotel at Nambatu to the Air Vanuatu Building in town owned by the Vanuatu National Provident Fund (VNPF) next month.

This was formalised in an agreement signed yesterday.

General Manager (GM) of VNPF, Parmod Achary, said after the lease signing agreement that Japanese Embassy will move into the building in July and it is expected to pay over a million as rental every month.

He said the signing was a milestone after two years of work.

“We are trying to get quality tenants as well as quality property in the market. We want to raise the image of our tenancy,” he said.

GM Achary said Japanese Embassy is the second diplomatic mission to become a VNPF tenant after Australian High Commission.

“Australian Government was the first one to show confidence in our ability. They gave us opportunity to build their High Commission and to date, we are still looking after them,” he added.