Construction of the Fiji Marriot Resort Momi Bay has been completed, confirmed developers, the Fiji National Provident Fund (FNPF).
The 250-room property has over-water villas and began construction in 2014 by Fletcher Buildings, as part of a revitalized resort development by the Fijian Government after the collapse of its initial developers- New Zealand financiers, Bridgecorp, in 2007.
Though the building schedule was disrupted by Tropical Cyclone Winston last February, contractors managed to complete the project on January 20, and subject to the final review of the cost consultant, the FNPF has estimated savings of around $10 million.
“This is a major milestone for the Momi redevelopment project,” said FNPF chairman, Ajith Kodagoda.
He noted that the project was a critical part of the FNPF’s investment rehabilitation and reform program to recover member’s funds.
The FNPF’s property portfolio includes the Inter Continental Fiji Golf Resort & Spa and the Natadola Championship Golf Course, further up the Queens Highway from Momi Bay.
The resort will be opened at the end of march and is expected to generate about 400 new employment opportunities in Momi Bay, halfway between Nadi and Sigatoka.
Also opening its doors at the end of March is the new Kokomo Island Fiji, a retreat by Australian property tycoon, Lang Walker on Yaukuve Island, off the coast of Kadavu, Fiji’s fourth largest island.
Kokomo overlooks the world’s third largest reef, the Great Astrolabe Reef and touted as an inter-general resort encompassing Walker’s life passions; living near the water’s edge, waterfront development and water activities.
The property takes an environmentally-conscious approach, with villas designed for sustainability, and includes the owner’s beachfront residence, five hilltop luxury residences offering some of the best views on the island and 21 exclusive beachfront villas that have their own pool and private walled garden.
Walker Corporation has amassed a multi-content portfolio, with developments across Australia, America, Canada, Malaysia and Fiji, and a project pipeline of AUS $25 billion of work to compete in the next 15 years.
Subscribe to our Newsletter to receive news and updates about Fiji Real Estate: