LESS than two years after it was built, the FNB building in Newton Park is undergoing an R18-million expansion.
The bank plans to add 915m² of office space by extending the upper two floor plates and adding an additional 36 parking bays by slipping a further slab into the double void space on the uppermost parking level of the new building.
The current nine- storey building – which cost R150-million to build and was completed in February last year – houses 16 FNB business units.
FNB regional head Rocco Joubert said it was the bank's policy to support the local economies that FNB invested in as far as possible.
"To demonstrate this principle FNB has once again ring-fenced the construction tender to local Port Elizabeth-based contractors.
"The main construction tender was awarded to a local principal contractor, Strydom, Basson & Tait (SBT) Construction.
"This company was also the principal contractor for the initial construction of FNB Newton Place.
"In using local contractors we retain the money in the Eastern Cape," Joubert said.
Stauch Vorster Architects were also appointed for a second time as principle architects for the new building contract.
The expected completion date is June next year and the upgrade will include a canteen with a fully fledged kitchen and pause area for staff use.
"The balcony will be enclosed with glass," Joubert said.