Fijian Holdings Limited (FHL) has reported a substantial property portfolio valued at $183 million, as confirmed by Board Member Tevita Tuiloa during the recent iTaukei Resource Owners Forum. The group holds several prominent buildings in Suva, including Ra Marama House, Ratu Sukuna House, Vanua House, and the FHL Tower, as well as the Blue Lagoon Cruises properties in Lautoka.
Tuiloa noted that the company’s assets also include two smaller buildings in Suva and a parcel of vacant land, contributing to an impressive overall property valuation. He emphasized that these investments reflect FHL’s dedication to promoting economic participation among iTaukei communities, as well as its commitment to supporting local commercial growth through substantial investments in real estate and infrastructure.
This announcement dovetails with FHL’s recent focus on its $50 million impact investment initiative aimed at empowering iTaukei resource owners. CEO Jaoji Koroi has outlined that approximately $14.6 million has already been allocated from this fund to equity in five joint venture projects in various regions, including Taveuni and Savusavu, which are poised to enhance indigenous participation in the economy.
FHL’s overall growth strategy showcases a commitment not only to building a profitable enterprise but also to driving meaningful social and economic benefits for the iTaukei community. As FHL progresses with these robust investments, there is a hopeful outlook for continued economic development and strengthened community engagement across Fiji.
The combined efforts of developing significant real estate assets and promoting indigenous business initiatives signal a positive trend for the economic landscape in the region, highlighting FHL’s role as a critical player in fostering growth and prosperity within the community.
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