48 Modern Apartments Next on Agenda for Lowres
There are now plans to develop 48 modern apartments on Naisoso Island says Bob Lowres.
The Naisoso Island managing director said Relcorp (Fiji) Limited hopes to create a destination brand for Naisoso Island that can encompass all aspects of the island.
Mr Lowres said apartments planned for the land could be used for permanent or holiday occupancy.
“This allows the island to mature through the sale of other sites and the creation of other high quality hotel operators on strategic locations of the island,” he said.
“This is an integrated resort island that people can live on.
“Naisoso Island is a pristine island in the middle of the Pacific surrounded by clear blue waters within just minutes of Fiji’s main international airport.
“Residents can already access hotels, cafes, restaurants in the area and we hope the fulfilment of our master plan, which includes the further sale of strategic sites for hotel operators, will see Naisoso Island achieve its full potential.
“Existing residents love Naisoso and we look forward to unlocking the island to newcomers as the Fijian economy continues to improve and this world class destination continues to be unlocked internationally,” he said.
He said they have put a premium five-hectare freehold oceanfront development site up for sale.
“Relcorp is also seeking approval to subdivide the five hectare site into five smaller one hectare beachfront lots that can be sold separately or together as a whole.
“The move follows the recent sale of 9.7 hectares on Naisoso Island to a group of prominent local businessmen and New Zealand’s CP Hotel Group.
“That deal includes a site earmarked for a five-star resort that will be operated by a world-renowned hotel brand.
“As part of the CP Hotel Group deal, Relcorp has now sold out all remaining residential lots on Naisoso Island 122 in total,” he said.
The five hectare site currently holds development approval for 178 apartments. “However Relcorp has now ended the Peppers project (A hotel development originally part of the Naisoso plan) and is seeking a higher density of development along with the subdivision,” he said.
“The land was a rare offering because it was freehold, and would attract generous stamp duty and tax incentives, not available in other areas of Fiji, as part of it Master Planned Tourism Approval.
“Fiji’s recent years has brought significant economic changes alongside a matured political system that has seen industry advances in infrastructure, health, medical services and education.
“These changes have created a more attractive destination for investors and holidaymakers alike,” he said.
The tender campaign for the development sites on Naisoso Island closes on April 27.