FMP expects between 7 & 8 percent rental yield from Arundel Park extension

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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 either 7 or 8 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 with The Financial Gazette 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.