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JV partners sought for beachfront resort development

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1. Main entry 2. Car park (44 cars) 3. Porte chochere 4. Reception Lobby 5. Convention and support centre 6. Beachfront Restaurant and bar 7. Swimming pool and sun deck 8. Spa 9. Garden View Villas Type A 10. Garden View Villas Type B 11. Duplex Bure Units 12. Deluxe Bure Units 13. Floating dive deck 14. Mounds (landscaping) 15. Utilities area 16. Future commercial development 17. Functions facilities/bar restaurant

1. Main entry 2. Car park (44 cars) 3. Porte chochere 4. Reception Lobby 5. Convention and support centre 6. Beachfront Restaurant and bar 7. Swimming pool and sun deck 8. Spa 9. Garden View Villas Type A 10. Garden View Villas Type B 11. Duplex Bure Units 12. Deluxe Bure Units 13. Floating dive deck 14. Mounds (landscaping) 15. Utilities area 16. Future commercial development 17. Functions facilities/bar restaurant

By RACHNA LAL

An opportunity has opened up for investors to participate in the development of a beachfront resort on a prime Vuda Point site close to Lautoka.
This commercial property has been put up on the market via Bayleys Fiji.
Bayleys Fiji said the new 99-year Crown Lease covers 9.4354 ha (23.32 acres) made
up of 3.9268 ha of State Foreshore and 5.5086 land area.
“Considerable planning has been completed and necessary approvals granted,” it said.
“The developer seeks a joint venture partner to take a lead position in the development of the resort.”

What the plan includes
Planned are resort central core facilities, with convention centre and full resort amenities
- spa, pool, restaurant and bar.
A mix of garden view and ocean view villas combine with overwater bures to make up the accommodation component.
Bayleys said valuation was available.
“Interested parties are invited to submit offers for their preferred percentage ownership in the development,” it said.
“A joint venture majority partner is sought to purchase shares in the single purpose development company.”


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