The brand new 17-storey FHL Tower, represents a total investment of $65million. It will house 13,000 square feet of commercial office space and it will stand over 60 meters tall.
Prime Minister Bainimarama said this new investment presents a new opportunity for new businesses to set up shop and for others to expand and a new opportunity for our people to secure high-paying jobs.
“We can look back on how far our capital has come these past ten years, how the face of Suva has changed, and how that has changed the lives of our people for the better. Because every new building represents new opportunity, a new opportunity for new businesses to set up shop and for others to expand and a new opportunity for our people to secure high-paying jobs.”
“It fills our people with a sense of pride when they drive or walk our streets with their families. It brings every Fijian hope for what is to come when they look out over the capital and see the cranes dotting the skyline and the new structures being erected; all clear and impressive signs that we are finally fulfilling our destiny and finally realising our great potential as a nation. “
In 2011, FHL’s revenue stood at $18m profits hovered at $6.5m with asset base valued at around $344m.