Coconut Wireless

Coconut Wireless, 11th July 2016

Key Denarau Developments Things could be coming to a head in developments out the greater Denarau way, we hear. Property developer Ananth Reddy, of Avoser Limited, is said to be
11 Jul 2016 10:26
Coconut Wireless, 11th July 2016
Coconut Wireless

Key Denarau Developments

Things could be coming to a head in developments out the greater Denarau way, we hear.

Property developer Ananth Reddy, of Avoser Limited, is said to be in New York trying to complete the purchase of the Starwood properties on Denarau Island. Under this Avoser would own the properties (think of Sheraton and Westin resorts and villas for a start) and Starwood manage them.

Mr Reddy is also the leading development of Denarau Waters. This property is emerging adjacent to the original Denarau Island development, the country’s major tourism hub today.

Who is Mr Reddy? You might ask as he moves closer to becoming a seriously big tourism and property player.

Mr Reddy is a Fijian born, Australian educated law and engineering graduate. He has been involved in property development in Australia. If all goes according to his plans he will become a key figure not just in Denarau Waters but also across at the tourism heartland of Denarau Island through the current Starwood properties.

These moves and the possible impact are, we hear, being closely followed by the powers behind the scene in Denarau Corporation Limited. That’s the management body which brings together all the Denarau Island property owners.

Its board of influential people is chaired by Nigel Skeggs, Port Denarau Marina managing director and driving force in the development of the maritime business side of the port. Interesting times ahead.

Feedback: maraia.vula@fijisun.com.fj

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