Fiji

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Fiji’s newest five-star luxury resort, situated on the beachfront of Wailoaloa Beach near Nadi, is being offered to the market for the first time. 
Colliers International in conjunction with the local agents My Fiji Home has been appointed to sell the Pullman Nadi Bay Resort and Spa Fiji by way of an international expressions of interest campaign. 
The marquee resort boasts 236 guest rooms, five restaurants and bars, multiple conference facilities, three swimming pools and a world-class health spa. 
Pullman Nadi Bay opened in May 2019, in time for the busy Fijian winter period, and is managed by global hotel operator Accor Hospitality – the largest operator in Asia Pacific.  
Nestled on 5.7ha of prime beachfront land, on the foreshore of Wailoaloa Beach, it is the closest five-star hotel to the recently upgraded Nadi International Airport.  
Dean Humphries, Colliers’ National Director of Hotels for New Zealand and the South Pacific, acknowledges it is rare for a brand-new resort be offered to the market so soon after opening. 
“The owners of the resort, who are a large and established Fiji-based family, have spent the last four years developing the hotel. However, they have decided to sell this marquee asset now to capitalise on Fiji’s strong tourism sector and a global investment market hungry for high-quality, high-yielding hospitality assets.” 
“Fiji has seen stable governance now for 15 years, with the last democratic elections taking place in November 2018. Economic growth over the period has been strong with a significant amount of infrastructure completed including a FJ$100m plus upgrade of the Nadi International Airport.” 
“We have seen an increasing amount of global capital flow through to the tourism sector in recent years given its attractive returns and strong growth profile.”  
Richard Kirke, International Sales Director of Colliers International’s Capitals Markets team, is confident a large number of international investors will be attracted to investing in Fiji due to the strong growth profile and attractive underlying returns this country offers.  
“In the recent past we have seen a range of institutions, sovereign wealth and private equity funds investing heavily into tourism hotspots such as Maldives, Thailand, Vietnam, Tahiti and the eastern seaboard of Australia.” 
“Fiji as a prime tourism destination ticks all the boxes and is a country we believe will interest many of these parties.” 
Gus Moors, Head of Hotels for Colliers International Australia, says Fiji also has a highly attractive exchange rate at just 0.46 against the USD and 0.66 AUD.  
“Fiji has always been the star performer in the South Pacific basin, accounting for 41% of all international visitors in the region.”  
“Inbound arrivals for the year ending 2018 reached 870,000, representing an annual growth rate of 5.6% since 2014. The key markets segments are Australians (43 per cent), New Zealanders (22 per cent) and the United States (10 per cent). It is forecast Fiji will reach 1 million international tourists by 2023. The Fijian Government has estimated the tourism industry to be a FJ$2 billion industry by the end of 2020.” 
The hotel is being sold through Colliers International and local agents My Island Home Fiji by way of international expressions of interest closing at 4pm (NZST) on Wednesday 31 July.
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Five-star Pullman Nadi Bay resort in Fiji listed for sale

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Raine &amp; Horne has been appointed to market modern luxury apartments in WG Friendship Plaza, the tallest building on Fiji.
Aveet Goundar, at of Raine &amp; Horne Fiji, said WG Friendship Plaza, the contemporary luxury hotel, apartment, and commercial tower, is the first to combine residential and commercial functions.
“Merging residential and commercial space makes WG Friendship Plaza a milestone venture in Fiji in more ways than one,” Goundar commented.
The apartments will start from FJ$450,000 (A$298,000) for a studio unit to FJ$2.485 million (A$1.65 million) for a 226 square metre five-bedroom deluxe apartment.
 <img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/2/14/WG20Friendship20Plaza.20image202.jpg" alt="">
The tower offers a variety of uses. It includes a five-star hotel, international business offices, opulent apartments, high-end retail, restaurants, health and fitness studios, entertainment facilities, business conference rooms, and a full complement of hotel and residential amenities, including executive lounge and swimming pool.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/2/14/WG20Friendship20Plaza.image201.jpg" alt="">
The Suva skyscraper has been developed by a private Chinese investor on Fiji’s south-east coast. 
“As the largest and most advanced foreign investment project in Fiji, WG Friendship Plaza is a solid representation of Fiji’s enormous potential and the strength of its international relations.”
Goundar expects the luxury apartments will appeal to local and foreign buyers.
Raine &amp; Horne aso has three offices in Fiji including Suva, Nadi and Lautoka. 
“Significantly, these apartments are on a strata title, and as the WG Friendship Plaza sits within the city boundaries of Suva, there are no restrictions on foreign investors to buy a slice of Fiji’s most prestigious and iconic tower,” he said. 
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Apartments in Fiji’s tallest skyscraper hit the market

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Wavi Island in Fiji, a privately-owned freehold island with 20 building blocks, is the latest development to join the exotic property raffle trend.
This tropical villa raffle is the most alluring of all giveaways with its undisclosed Australian owner intending raffling five villas.
Each are valued at US$5 million (AU$6.7 million).
The cost for a raffle ticket will US$19 AU$25 with the first winner to be drawn three days after 300,000 ticket sales, totalling US$5.7 million.
It took the Victorian based entrepreneur almost two years to secure the international licenses and gaming permits.
The winners can live in the villa full time or lease it out for holiday accommodation.
Wivi is one of 300 plus islands in Fiji, where international celebrity owners include Mel Gibson and the Austrian billionaire Dietrich Mateschitz, co-owner of the Red Bull energy drink company.
Tony Robbins, author and motivational coach owns the resort next door to Wavi Island, Namale Resort Spa; and the Jean Michael Cousteau Fiji Resort is on the other side.  Then there is Hunters Hill developer Lang Walker’s resort Kokomo Island where the three bedroom villas from $4,995 per night.   
Wavi Island currently has a three bedroom pavilion villa which have been for sale unsuccessfully since completed three years ago.
"Seeing the success of other property raffles, the Wavi Island owner has acquired the world-wide licenses to proceed with a raffle," spokeswomen Lynn Malone said.
The owners will be donating some raffle funds to the local community in consultation with the Tui Nasavusavu, Chief of the Savusavu region. 
Last year La Casa Verde in Ecuador was put up for raffling off by expatriate Doug Greenshields, the former farmer from central Victoria and his economist wife, Rebecca.
"It’s better odds than Tattslotto,” Doug told news.com.au.
But there were not enough ticket sales so their eco-friendly guesthouse didn't find a new owner.
There was a 35,000 ticket target, but permission to sell 250,000 at US$29. 
They have since advised what they'd taken from ticket proceeds would be discounted off any sale price. The standard RSL Art Union property prizes have got more luxurious over the years.
Last October there was a $4 million newly built offering at Freshwater.
The RSL Art Union's next offering with $5 tickets offers a choice of a Campbell Parade, Bondi Beach apartment or a Mahogany Drive, Byron Bay apartment.
To read more, <a href="https://www.winafijivilla.com/prizes/" target="_blank">click here</a>.
This article first appeared in the Sunday Telegraph.
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Property raffle for Fiji's Wavi Island villas

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The architecture firm The Buchan Group has design and refurbishment projects underway at three world-class resorts in Fiji.
They are due to open during the next 18 months.
The resorts include the existing Sheraton Resort &amp; Spa at Tokoriki Island and the Westin Resort &amp; Spa in Denarau, along with the new Momi Bay Resort.
The Buchan Group’s Brisbane Interiors Team was appointed to the Sheraton Tokoriki and Westin Denarau resort projects in 2013.
Some of this work has needed to be redone following damage caused by Cyclone Winston earlier this year.
<img src="/images/2016/10/31/The%20Buchan%20Group%20-%20Sheraton%20Tokoriki%20Fiji%20dining%20-%20small.jpg" alt="">
Originally owned by Starwood Hotels, both the Sheraton Tokoriki and the Westin Resort &amp; Spa are now part of Marriott International group.
Buchan also undertook the concept design and refurbishment for the Sheraton Resort &amp; Spa at Tokoriki Island’s existing 3,632 square metres of central facilities and pool areas, as well as the conception of the resort’s new honeymoon suites. The resort is due to reopen on 1 February 2017.
<img src="/images/2016/10/31/The%20Buchan%20Group%20-%20Sheraton%20Tokoriki%20Fiji%20reception%20-%20small.jpg" alt="">
“Since Fiji is one of the world’s most well-known honeymoon destinations, we were tasked to undertake the interior design concept for the resort’s new luxury honeymoon suites,” Davis said.
Construction is expected to be completed soon on the new five-star A$70 million Momi Bay Resort, designed by the Gold Coast team at The Buchan Group.
The 250 room resort, to be operated by Marriott, is located at Momi Bay, 45 minutes from Nadi International Airport.
It will become one of Fiji’s main overwater bure resorts and is centred on a 21 hectare lagoon.
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Fijian resorts reinforce Buchan's Pacific presence

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Just as the filming for the Real Housewives of Sydney starts, cast member Lisa Oldfield, the wife of former politician David Oldfield, has registered to purchase a luxury Fiji beachfront villa.
Lisa said the couple loved Fiji, having honeymooned there after their wedding in 2001. 
“Fiji is just paradise,” she said of her likely investment purchase in the Nanuku Auberge Resort villa offerings.
Her love of the tropical South Pacific location extends back to her childhood holidays.
Lisa spent many a holiday - 19 to be exact - with the first at just eight months of age.
She's keen for her children to also holiday there too.
"My kids Harry and Bert were just there with my parents – they’ve been there three times already.”
The boys last went there with her parents, Richard and Christine when Lisa was rushed into emergency surgery for a back problem. 
“Nanuku’s buddy system for kids is amazing,” the Northern Beaches based Oldfield said.
“The boys had one who took them looking for frogs and lizards and doing all those things that little boys like to do.” 
Located in Viti Levu, the villas are priced from A$680,000 in the Nanuku Auberge Resort which will be officially launched next month in Sydney through Reece Coleman's The Agency.
The Auberge Beach Villas are part of Fiji’s largest beachfront freehold property development. 
Nanuku Auberge Resort is selling beachfront homes being developed along the shoreline directly adjacent the existing resort at Pacific Harbour.
There are also homes that range upwards of $A3.1 million. All residences are being designed by Grounds Kent Architects, the Perth-based firm behind some of Asia’s best hotels. 
"Buyers can rest assured their villa investment is secure due to the development’s freehold status and debt-free funding of the construction by the developer," Reece Coleman said. 
The private airstrip is a 30 minutes flight from Nadi International Airport and 45 minutes from the capital Suva. 
Nanuku’s restaurant is overseen by the Melbourne-based Jacques Reymond. 
Homeowners will be able to dine on a menu overseen by Melbourne chef Jacques Reymond. 
Oldfield is part of The Real Housewives upcoming Sydney series which will be aired next year. The other six housewives include model turned Billicorp South Sydney commercial real estate agent Krissy Marsh and Frenchs Forest ARIA-award-winning pop singer Melissa Tkautz.
This article was first published in the Sunday Telegraph.
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