 
                                                                                                    24/10/2025
                                            The Unit Trust of Fiji (UTOF) has launched three self-funded commercial building projects valued at $150 million, marking a major milestone in the institution’s growth and contribution to Fiji's economic development. 
The launch was officiated by Prime Minister Sitiveni Rabuka at the Grand Pacific Hotel in Suva.
Prime Minister Rabuka praised UTOF for its bold and visionary investment strategy, describing the projects as a strong vote of confidence in Fiji’s economic potential and reflective of the Coalition Government’s vision for a resilient, prosperous, and inclusive economy. 
He emphasized that these projects will create jobs, boost local economies, and strengthen investor confidence in Fiji's commercial property market.
To manage this expanding property portfolio, UTOF has formally commissioned UTOF Properties Pte Limited, a new subsidiary responsible for overseeing real estate and property developments. 
Chairperson Isikeli Tikoduadua stated that this launch marks a transformative journey redefining property development in Fiji and the Pacific, with ambitions to expand the property portfolio.
This $150 million investment represents Phase One of UTOF's planned property development intervention, with plans to scale up to $500 million by 2028. The 
Prime Minister also encouraged UTOF to collaborate with the Ministry of Housing and the Housing Authority of Fiji in addressing the nation's housing challenges through joint initiatives in mixed-use developments and affordable rental markets. 
He highlighted the significant potential for partnership between UTOF and the government to tackle national housing needs.
UTOF’s funds under management have grown from $100 million in 2014 to $570 million in 2025, with further growth expected to reach $600 million by the end of the year. 
The new projects underscore UTOF’s alignment with Fiji’s National Development Plan 2025–2029 and its commitment to social and economic development.
The three commercial developments are expected to generate employment opportunities and stimulate growth in local economies while reinforcing Fiji's position as an attractive investment destination.
Photo Credit: ABC News                                        
 
                                                                                                     
                                                                                                     
                                                                                                     
                                                                                                     
                                                                                                     
                                                                                                     
                                                                                                     
                                                                                                     
                                                                                                     
                                                                                                     
                                                                                                     
                                         
   
   
   
   
     
   
   
  