The Unit Trust of Fiji (UTOF) launched three new commercial building projects on Thursday, October 24^th 2025,dedicating $150 million of its own funds to the developments. This move is a huge milestone for UTOF's growth and significantly helps Fiji's national development.

The launch event was officiated by Prime Minister and Minister for Public Enterprises Honourable Sitiveni Rabuka, who praised the initiative. Prime Minister Rabuka described the investment as a "clear vote of confidence in Fiji’s economic potential" and highlighted UTOF’s leadership, calling it exactly the kind of "Fijian-led, inclusive, and regionally ambitious enterprise we want to see more of."

To manage this big investment plan, Prime Minister officially set up a new company: UTOF Properties Pte Limited.

The initial $150 million investment is spread across three landmark projects designed to shape Fiji's commercial and residential landscape:

• McGregor Road Office Development (Suva): A top-quality, multi-story office complex poised to elevate Suva's Central Business District.
• UTOF Namaka Centre (Nadi): A modern, multi-level office centre strategically located in the tourism capital, intended to serve as a hub for government offices, corporate tenants, and international firms.
• UTOF Laucala Bay Residential Property (Suva): A development featuring 24 executive luxury apartments, designed to redefine urban residential living in Suva.

The current $150 million commitment represents only Phase One of UTOF’s strategy, with plans to scale the investment up to a substantial $500 million by 2028.

In supporting this vision, the Prime Minister highlighted UTOF's robust performance, noting that the funds they manage have grown significantly from $100 million in 2014 to $570 million in 2025. This growth has received high external recognition, including the President's Award in 2023 under the Fiji Business Excellence Framework. Furthermore, the initiative shows strong alignment with the national priorities outlined in the National Development Plan (2025–2029).

This investment is forecast to generate employment, boost local economies through the construction and service sectors, and strengthen overall investor confidence in Fiji’s property market. UTOF’s vision aims to elevate Fiji’s commercial and residential infrastructure to global standards.

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