FNPF Pays $8.753m Lease Premium For Denarau Properties

FNPF Pays $8.753m Lease Premium For Denarau Properties

Fiji Sun, 27 December 2018 – The Fiji National Provident Fund handed over a premium of $8.753 million to the I-Taukei Land Trust Board today, for the reinstatement of the expired lease term for the 50 acreas of land where Sheraton Fiji Resort and Westin Resort are located in Denarau.

This enabled the issuance of new 99 year term leases, effective from January 1st, 2018.

Present at the cheque handover were the Attorney General and Minister for Economy Hon. Aiyaz SayedKhaiyum, iTLTB Board Director Ro Epeli Mataitini, iTLTB General Manager Tevita Kuruvakadua, FNPF Board Chairman Ajith Kodagoda and the FNPF Chief Executive Officer Jaoji Koroi. Read more…