$270m twin developments launched to transform Nadi and Suva skylines

Two major developments worth $270 million at the Grand Pacific Hotel was launched by the Deputy Prime Minister and Minister for Finance Biman Prasad last night.

The projects, Koro Fiji in Nadi Bay and Tabua Tower in Suva, will deliver 450 new hotel rooms and create hundreds of jobs across the construction and hospitality sectors.

Koro Fiji, developed by Nadi Bay Investments Limited, features 90 strata apartments and a 210-room three to four-star hotel with convention facilities in Martintar’s cultural district.

Tabua Tower, a 21-storey landmark in Suva’s CBD by Frontier Investments Limited, will house 120 hotel rooms and 40 serviced apartments with premium office floors and penthouses.

Principal architect Vijay Sharma of Sharma Design Group said both projects are shovel-ready after seven years of planning, approvals and feasibility studies.

“Together these developments represent one of the largest private sector undertakings of this kind in Fiji,” Mr Sharma said.

Construction for Koro Fiji is scheduled to begin in the second quarter of 2026, with completion by the fourth quarter of 2028. Tabua Tower will commence in the third or fourth quarter of 2026.

Apartments start from $850,000 and will be professionally managed by Toto & Co from Brisbane, Australia.

Mr Prasad said the projects symbolise confidence in Fiji’s economy and private sector resilience.

“These investments will reshape the skylines of Nadi and Suva and redefine what Fijian innovation and partnership can achieve,” he said.

The launch marks the opening of strata sales for apartments and office floors, with a register now open for private equity investors.