SUNBIZ

Vunabaka: Turning Renderings Into Reality

Vunabaka Resort development and its boutique hotel Island Grace continue to steadily progress in terms of construction milestones, says partner, Anthony Marcotti. The Island Grace, scheduled to be completed by
08 Aug 2015 09:54
Vunabaka: Turning Renderings Into Reality
Vunabaka

Vunabaka Resort development and its boutique hotel Island Grace continue to steadily progress in terms of construction milestones, says partner, Anthony Marcotti.

The Island Grace, scheduled to be completed by the middle of 2016, has the framework up for its stylish Ceguva Restaurant as well as multiple beach and garden villas.

He confirmed Vunabaka has six residences already under construction with many more starting later this year.

“It’s a busy time around here,” he said.

“We are also happy to report that in the past month, we have three more sites on hold to new neighbors, Lot 8, 35, and 36!

“That leaves us with only one lot still available on the hill, six along the ocean, seven along the marina, and one beachfront, 15 total!

“Our entire site continues to see huge improvements in landscaping and gets better and more impressive every day.

“We are also providing over 300 direct jobs to the local economy and are currently one of the largest active employers in Fiji.”

Mr Marcotti said for those interested in being a part of history, they still have a number of excellent options still available.

“Vunabaka is a brand new residential and hotel development,” he said.

“It is designed to allow those after the ultimate island escape to either own their own tropical piece of paradise in the heart of the South Pacific, or holiday at its luxury five-star boutique hotel, the Island Grace.”

 

The development

Nestled on Malolo Island, the Vunabaka resort development – which is designed at the level of the famed Aman resorts –  is described as water-lovers’ dream.

Its entire design is set around two private marinas, 73 private luxury villa residences and the Island Grace boutique hotel.

 

Some background on Vunabaka Development
Work began on the Vunabaka project on Malolo Island in the Mamanucas July 2014, with 65 per cent of the first residential lots pre-sold.

– The Vunabaka project has been financed through owner equity along with a development loan against pre-sales from the Fiji Development Bank.

– It’s anticipated that overall the project will see more than $350 million worth of investment in the Fijian tourism sector.

– The Vunabaka group – who describe themselves as passionate water guys – have been committed from the start to sharing the success of the project with the community.\

The five partners include Mike Lucas, Andrew Griffiths, Anthony Marcotti, Christian Burtscher and one more member from a previous development team which Mr Lucas had intended to purchase.

 

Feedback:  rachnal@fijisun.com.fj

 



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