Industrial/port-adjacent property rebased to 100 at discovery. Consistently outperforms residential by 1.5–2.5× in pre-FID window. Darwin East Arm Hub and Georgetown logistics corridor are primary comparables.
Walvis Bay Industrial (NAM)
Georgetown Logistics (GUY)
Darwin East Arm Hub (AUS)
Takoradi Supply Base (GHA)
Stavanger Industrial (NOR ⚠)
Office — Grade A & B Commercial
Capital Value · Office /sqm
Walvis Bay grade A/B office vs comparable O&G cities — corporate demand driven by operator HQs
Walvis Bay N$/sqm
Georgetown US$/sqm
Maputo US$/sqm (comp)
CURRENT /SQM
N$6,200
Grade B prime area est.
FID TARGET /SQM
N$8,500
+37% · corporate HQ demand
Rental Rate · Office /sqm/month
Monthly rent per sqm — operator + contractor office demand surge at FID
Walvis Bay N$/sqm/mo
Georgetown US$/sqm/mo
Maputo US$/sqm/mo
CURRENT RENT
N$155/sqm/mo
Yield: ~17.8% gross
CONSTRUCTION PEAK
N$160/sqm/mo
+74% · Maputo comp
Warehouse & Bay Units — O&G Service
Capital Value · Warehouse /sqm
High-bay workshop/warehouse in Walvis Bay Light Industrial zone vs Darwin East Arm Hub at equiv. stage
Walvis Bay N$/sqm
Darwin A$/sqm
Takoradi supply base
CURRENT /SQM
N$9,300
Light Industrial zone listed
CONSTRUCTION PEAK
N$14,500
+56% · Darwin FID+24 comp
Rental Rate · Warehouse /sqm/year
Annual rent per sqm — bay units with crane, hardstand. O&G contractors are anchor tenants
Walvis Bay N$/sqm/yr
Darwin A$/sqm/yr
Takoradi est.
CURRENT RENT
N$1,080/sqm/yr
Yield: ~11.6% gross
PEAK PHASE TARGET
N$2,200/sqm/yr
+104% · Darwin peak analogue
Open Yard & Laydown — Port-Adjacent
Capital Value · Open Yard /sqm
Hardstanding open yard near Namport — highest O&G demand category by area. Near-zero vacancy pre-FID in all comps.
Walvis Bay N$/sqm
Darwin hardstand
Takoradi port zone
CURRENT /SQM (EST.)
N$3,200
Port-adjacent hardstand
FID TARGET /SQM
N$6,800
+113% · consolidation premium
Rental Rate · Open Yard /sqm/year
Annual rent per sqm — laydown/pipe storage. Darwin East Arm and Takoradi supply base are primary comps