Real estate and retail sectors undergoing significant transformation - Investment Fiji

Real estate and retail sectors undergoing significant transformation - Investment Fiji

By Rashika Kumar
02/02/2024
The FHL Tower currently under construction

The real estate and the retail sectors are undergoing significant transformations with key investments from various companies which will not only contribute to the expansion and modernisation of retail infrastructure but will also enhance the overall shopping experience and economic growth.

Investment Fiji CEO Kamal Chetty says the Nausori Plaza project by Ding Jing Real Estate Development Pte Limited is nearing completion and is expected to be officially opened soon.

He says Charan Katonivere Holdings Ltd is also developing a $10 million shopping mall in Nakasi which will not only enhance the retail landscape but also stimulate economic activity, fostering a flourishing environment.

He says additionally, construction of a new McDonald's Restaurant in Nakasi and the establishment of a distribution centre in Lautoka will create a lasting impact.

These projects are worth $30 million collectively.

Chetty says the company is diversifying by developing the $16 million Vuvale Plaza, which will include a shopping mall, office spaces, and additional restaurants.

The CEO says WG Friendship Plaza by the WG International Real Estate Co. (Fiji) Limited is also currently undergoing construction and Carpenters Tower office block is also taking shape in Suva.

He says Western Home Limited is developing $12 million six-storey high-end apartments in Suva.

Chetty also says Sun Insurance is developing a $100 million 7-storey building in Nadi which includes office spaces, a car park, and restaurants, providing a mix of retail and commercial services.

The project is expected to be completed by the end of this year.

He says additional developments include the acquisition of land by BSP Life for the construction of a shopping mall in Nadi, currently undergoing the design and conceptualization stages.

The CEO says the FHL Tower, an innovative 18-story "green building," is also in progress while in Nausori, the Shop & Save shopping mall, coupled with a hotel, is expected for completion in 2025.

Chetty also confirmed that construction is set to begin this year on the $25 million Amras Shopping Mall in Lakena.

FEATURE NEWS
Fiji 7s Olympic silver medalist Josaia Raisuqe dies in tragic accident in France
Fiji 7s Olympic silver medalist and Top 14 France base Castres winger Josaia Raisuqe has sadly lost his life while he was on his way for training this...
2 hours ago
LATEST NEWS
Urgent need to preserve Girmit history through curriculum, museums and digital records – Dr Ganesh Chand
Unfortunately, so far nothing has been done to preserve the memories of the Girmitiyas and there is a need to introduce it in the school curriculum, ...
6 hours ago

Bangladeshi workers in Koronivia living in very bad conditions - Naupoto
Immigration Minister, Viliame Naupoto says they are in the process of forming a team to include the Immigration Department, the Ministry of ...
6 hours ago

FICAC executes search warrant at Fiji Sports Council premises
FICAC executed a search warrant at the Fiji Sports Council Headquarters earlier today. fijivillage News has asked FICAC for further details on why ...
7 hours ago

Arizona man shot to death in road rage 'returns' to address his killer
Chris Pelkey died in a road rage shooting in Arizona three years ago but with the help of artificial intelligence, he returned earlier this month at ...
8 hours ago

Teachers are nation builders: University of Fiji lecturer inspires at Fiji Teachers Union meeting
A well-supported teacher is empowered to put in more effort and inspire more people, and a child who is given proper attention and support in the ...
9 hours ago



fijivillage Straight Talk with Vijay Narayan
Latest Videos

Stay tuned for the latest news on our radio stations

CFL radio frequencies
IN DEPTH
Tragedy at PRB Flats: Couple found dead in suspected murder-suicide in April
A couple were found dead at the new Lagilagi Public Rental Board Flats today and it is alleged at this stage that it was a murder suicide case on ...
4 days ago

Tevita Ikanivere on fijivillage Straight Talk With Vijay Narayan
The show focuses on Ikanivere’s journey, his family, career and how far the Drua has ...
16 days ago

Daniel Fatiaki and Professor Narsey on fijivillage Straight Talk With Vijay Narayan
Chair of the Electoral Reform Commission and former Chief Justice, Daniel Fatiaki and Electoral Reform Commissioner and economist, Professor Wadan ...
16 days ago

TOP