Reddy Group Buys Cuvu Beach­front

Fiji Sun - - Sunbiz - Feed­back: charles.cham­[email protected]­jisun. CHARLES CHAM­BERS

The Reddy Group of Com­pa­nies may add yet an­other ho­tel to its Tanoa Group but no de­ci­sion has been made yet.

This fol­lows the pur­chase of the land, around nine acres, at Cuvu for $12.2 mil­lion from Fiji Sugar Cor­po­ra­tion (FSC).

The land presently houses old FSC homes, a sec­tor of­fice and lo­co­mo­tive shed.

The deal was made last year, but the official deal set­tle­ment was done in Jan­uary this year.

Reddy Group Fi­nan­cial Con­troller Shanil Padarath con­firmed the pur­chase.

“We have not de­cided on any­thing

yet and while the ho­tel may be built there the de­ci­sion has not been made by the di­rec­tors yet,” Mr Padarath said.

FSC were us­ing the sec­tor of­fice un­til Fe­bru­ary this year af­ter which they moved out.

The only other tenant who is leas­ing the land from the Reddy Group is Eco­trax Fiji who are us­ing the old FSC tram lines for their busi­ness.

The spe­cially de­signed ve­loci­pede uses the old rails for vis­i­tors to pedal their way around the coast nearby and through vil­lages.

Mr Padarath added it would be pre­ma­ture to say what the company plans were at this stage.

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