PM Rabuka opens Fiji’s first green FHL tower

Prime Minister Sitiveni Rabuka officially opened the FHL Tower this morning, celebrating what he described as a milestone for iTaukei participation in Fiji’s economy.

This comes as the company tracks toward becoming a billion-dollar enterprise.

The 18-storey building, which took seven years to complete, is set to become Fiji’s first independently certified green building.

The tower is designed with 11 green features including efficient energy systems, fully integrated building management, and water harvesting and recirculation.

“I have been told that the Tower will be put to an independent certification to become Fiji’s first green building,” Mr Rabuka said during the official opening ceremony.

The new 18 storey Fijian Holdings Limited (FHL) Tower in Suva.

Photo: Kaneta Naimatau

As of June this year, FHL Group’s total assets reached $917 million and are on track to exceed $1 billion this financial year, up from humble beginnings of $1.145 million in capital in 1985.

“The Group recorded a net profit of $60 million in the last financial year, down from a record $70 million a year earlier,” he said.

Through dividend distribution, FHL has paid shareholders over five times the initial capital invested, with share values growing by over 10 times.

“If you were one of the original shareholders of FHL, you would have now gained 15 times your investments in both dividends received and share value appreciation,” Mr Rabuka said.

FHL employs close to 2,000 workers and pays close to $20 million in direct and indirect taxes to Government.

The tower will house key development partners including the Asian Development Bank, United Nations Development Programme, International Monetary Fund, Korean Embassy, New Zealand Trade, Amalgamated Telecom Holdings, and Merchant Finance.

The building is expected to be fully tenanted by the first half of 2026.

FHL Board chairman Rokoseru Nabalarua said the tower “embodies vision, courage and perseverance” and represents “a story of a people determined to rise, to build and to lead with excellence.”

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