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$3.2m Magson Plaza Adds To Samabula Skyline

$3.2m Magson Plaza Adds To Samabula Skyline
An artist impression of the proposed Magson Plaza in Samabula. Photo: Supplied
January 11
10:34 2018

A Suva businessman has initiated the construction of a $3.2 million double-storey commercial plaza in Samabula, Suva.

Maganlal Patel has lived in the area for 40 years and has accepted what he said was a social responsibility of developing a place he holds close to his heart.

About the project

Construction on Magson Plaza is set to begin on January 15, the co-shareholder said.

Mr Patel, and his son Deepesh, under the trading group P.B Patel and Sons, have undertaken the ambitious project.

It will consist of 20 blocks that will be available for rent, one sprawling warehouse structure and a car park.

Both floors cover an area of 1,440.6 square metres.

Contractors have told the trading group that full construction of the plaza will conclude before the end vof the year.

“The contractor has given me till the end of October (for the conclusion of the construction),” Mr Patel said.

“I am currently talking to a few banks to occupy one block and maybe some other major businesses who may be interested.

“I had this property lying dormant for four years and finally my son and I decided to build a complex here.

“Once it is built, we will make it available for rent to all interested parties.”

Magson Plaza effect

The structure, if used as a shopping complex, will bring relief to the residents of an area where groceries stores and restaurants are scarce.

It will serve students on the Fiji National University campus, adjacent to which the complex is being built.

The university campus bus bay is a vital transit point for those traveling on the Suva-Nausori Corridor, while the Mobil Service Station next to it presents a pit stop for commuters.

However, the complex, which is being built so close to the city, faces stiff competition from other similar centres like the Damodar City Complex.

For the trading group that normally supplies major supermarkets with imported goods in wholesale, this project is a foray into uncharted territory.

But Mr Patel said he expects a significant return on his investment, which was fully funded through bank loans.

Through Magson Plaza, Mr Patel, who has 54 years of business experience under his belt, hopes to leave behind an unassailable legacy in the community that has taught him so much.

Feedback:  sheldon.chanel@fijisun.com.fj

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