The Lautoka Chamber of Commerce and Industries has welcomed moves to build a major retail and office complex in the city.
Chamber president Natwarlal Vagh said the joint venture between Fiji National Provident Fund and Tappoo Group of Companies was a welcome thing.
We had been asking FNPF for some time to make a move because the site is and eyesore, he said.
I had some meetings with FNPF officials and its good to see that they have finally decided to get the project going.
Mr Vagh said the construction of the major retail and office complex in the heart of the city would be of great benefit to the city.
Considering that Jacks is about to open in Lautoka and with this new project coming now, there will be a hive of activity in the city, he said.
The new retail and shopping complex will be developed at the former Homecentres site in the heart of the city. Following the destruction of Homecentres in a fire more than two years ago, the site is lying idle.
Westbound Limited which is a joint venture between FNPF Investment Limited and the Tappoo Group will develop the complex at the corner Naviti Street and Vidilo Street. The company has advertised for the position of project manager to look after the development.
Work on what is tipped to be one of its kind in the second city is expected to start later this year or early next year. Tappoo Group of Companies executive chairman Kanti Tappoo confirmed that the building project would start soon.
FNPF Investment Limited and Tappoo Group of Companies are also engaged in a building project in Suva. The building project in the capital city is expected to start soon and it will be one of its kind in the South Pacific.
Source: The Fiji Times, November 16, 2005