Kunaseelan Sabaratnam, the retail and marketing director of Carpenters Fiji Limited, yesterday further indicated the conglomerate’s plans to expand in Suva.
At the nine years anniversary of the group’s flagship Suva mall MHCC, Mr Sabaratnam said: “We are looking at the development of the waterfront project which will have hotels, cafes and other amusement centres.”
He said international investors were keen to be part of the project which were mostly in hotels.This, he said: “would take about 18 months to complete”. Mr Sabaratnam did not reveal further details of the multi-million dollar undertaking.
Last year, in an interview Carpenters Group boss, Tan Sri Sir Dr Ninian Mogan Lourdenadin, had shared some insight into the development of its property on the Suva foreshore.Though he did not go into details then, the MBF Holdings chairman and Group chief executive, had said that a $600m investment was being eyed to take place on its property just behind Kadavu House.
At the time, Sir Mogan said since it was a big project, it would take a bit of time to organise details.He indicated that the sort of concept they were looking at for the project was what Sydney has – the waterfront, Rocks etc.
Carpenters’ investment plans, Sir Mogan said then, were indicative of Fiji’s stable business environment. In its supermarket retail business, Mr Sabaratnam added: “We have properties that we would like to work on straight away.
“We have plans to open two more supermarkets, one on an island and one on Viti Levu.“The already-built projects will undergo some refurbishment and major projects such as the MHCC tower, Nadi Town MH.”
MHCC Tower would add more storeys to the existing four-storey structure in the heart of downtown Suva.Of the project in Nadi, Mr Sabaratnam said it ‘would be something new’.Carpenters Fiji already has an extensive market portfolio in supermarket and retail, shipping, financing, automotive, technology and water.
Source: Fiji Sun