Labasa is set to welcome a new commercial office complex valued at $2.1 million. Vinesh Dayal, managing director of VCORP Pte Limited, initiated the project last month.
The proposed two-storey facility will be situated on Sangam Avenue, directly across from the Sangam College of Nursing and Health Care Education in Labasa Town. Dayal is also the owner of several local businesses, including LunchBox Restaurant Limited, Hotel North Pole, Vualiku Hotel and Apartments, and Timber and Block Works Limited.
“The motivation behind this investment is to provide business operators with their own office space, especially for those who have struggled to find one,” Mr. Dayal stated.
The construction, carried out by an in-house team, is projected to be finished by December, with the office space available for occupancy starting January 2025.
“This 600 square meter commercial complex will introduce an exciting new brand from Viti Levu, adding significant value to Labasa,” Mr. Dayal added. He expressed strong confidence in the local economy and his commitment to fostering job opportunities and investments.
Dayal also emphasized the growth and potential of Labasa, urging others to witness the positive transformation occurring in the town. He noted, “Labasa is evolving, and as the president of the Labasa Chamber of Commerce and Industries, I aim to lead by example for our members to take their next significant steps.”