The Fiji National Provident Fund (FNPF) has made moves to fully utilise its prime land at Vatuwaqa in Suva following the arrival of major global internet connections in the country.
FNPF chief investment officer Naibuka Saune said the Fund had undertaken an intensive master planning exercise to determine the best use of the land area.
The land is located beside the Vatuwaqa golf course and near facilities operated by its subsidiary – Fiji International Telecommunications Pte Limited (FINTEL).
Mr Saune said the area had become strategically important after the landing of the Google submarine cable and the establishment of satellite connectivity services by OneWeb and Starlink.
He said the FNPF was already active in the technology and telecommunications space and wanted to ensure its land assets supported Fiji’s growing digital economy.
“These are all positioned on FNPF-owned land. With this infrastructure now in place, we see strong potential to develop facilities that can leverage the connectivity available,” Mr Saune said.
He said opportunities were not limited to Viti Levu.
“With fibre connectivity now available in Vanua Levu, the Fund was also exploring ways to support similar developments in the Northern Division.
“This creates another opportunity for Vanua Levu, and we will look at how we can bring some of these developments there.”
The initiative reflects FNPF’s broader strategy to invest in infrastructure that can generate long-term returns while supporting national economic growth.
It is understood the Fund had purchased the piece of land for some $6.3 million from ATH Technology Park Ltd, which was a subsidiary of the ATH Group.
Amalgamated Telecom Holdings Limited (ATH). has sold its property to Fiji’s superannuation fund for more than $6million.
In a statement yesterday, ATH Technology Park Limited said it had finalised the sale of its Vatuwaqa property to the Fiji National Provident Fund for $6.3m.
