By RANOBA BAOA
The Fiji National Provident Fund, one of the capital’s largest commercial property owners, intends to modernise some of its existing properties for improved benefits of its members.
This was confirmed by the fund’s chief executive Aisake Taito following announcements of intention to rebuild the fund-owned building on Greig Street, Suva.
Mr Taito said plans to maintain its current properties were anticipated so that they provide best service to their tenants.
Investment
Meanwhile Mr Taito said that a figure on the cost of renovations for its building on Greig Street was yet to be determined.
However works are anticipated in the first quarter of the year taking into the account the adverse effects of the spring tide season on businesses operations there.
“The construction works is likely to commence in March / April. The project is currently on tender and construction costs would be known by the end of February 2014,” he said.
“The consultants engaged by FNPF have considered the current status of the Nabukulou creek.
“Measures have been incorporated into the design of the new facility such that the flooding and overflowing of the Nabukulou Creek will not have affect on the new development.
He said existing businesses have been advised of the developments and would have to relocate whilst the construction of the new facility is taking place.
“The structure will have a fresh and modern look. The intent is that the new structure would stand out amongst its neighbouring properties.”
Design also includes integration with the existing FNPF
Boulevard for better commercial and retail experience.
Fiji National Provident Fund-owned commercial property on Greig Street, Suva...Directly Opposite the Nabukalou Creek. Photo: JUSTINE MANNAN