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$80M Casino, Medical Facility Proposed For Waimanu Road

A high rise featuring a casino and a medical facility has been proposed for Waimanu Road, Suva. Owners of the proposed development, Lodhias have called for expressions of interest for
03 Nov 2020 09:50
$80M Casino, Medical Facility Proposed For Waimanu Road

A high rise featuring a casino and a medical facility has been proposed for Waimanu Road, Suva.

Owners of the proposed development, Lodhias have called for expressions of interest for the project, valued between $50 million to $80 million.

The response to the expression of interest has been overwhelming, developer Deemant Lodhia said.

“We have equity and operational partners in discussions,” he said. The tower will have nine to 12 levels, Construction alone is expected to employ at least 500 locals, he said.

Architects of the development are based in India. The expression of interest was published in the media. The value of the project hinges on Government approval for a casino and medical facility, project spokesman Deemant Lodhia said.

The project is expected to be completed within a two to four year period, he said.

The project site is 389 Waimanu Road, opposite St Joseph Secondary School, Mr Lodhia said. “The idea has been developed over the past 10 to 15 years, concurrently with other projects worldwide, including an apartment hotel complex in Rajkot, India.”

“Due to Fiji’s COVID-19 contained status and ongoing improvements in Fiji’s investment climate, we have decided to gauge the local interest for such a project, as market conditions are becoming favorable for new business. We have had multiple inquiries and continue to acknowledge expressions of interest. We have engaged with potential equity and operational partners from the United States of America, United Arab Emirates, India and China.”

Feedback: frederica.elbourne@fijisun.com.fj



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