The Fiji Times

Venture to rake in $5m annually


EXPECTED to generate revenue of up to $5 million over a 12-month period, the Trinity Developmen­t Ltd (TDL) was launched in the village of Wainiyabia, Serua over the weekend.

The business venture, which belongs to members of the Tacini landowning unit, had in fact started operations years ago but had to unfortunat­ely close after bowing down to external pressures.

TDL’s executive and Tacini landowning unit member Leone Nayacalevu said the venture began as Tacini Investment by his parents and after closing operations, they revived it two years ago.

Mr Nayacalevu said as one of the largest landowners in Serua, they had initially focused on logging but recently changed their business focus to a holistic approach.

“With the new venture, we aim to maximise lease income from subdivisio­ns of residentia­l and agricultur­al leases,” he said.

“We also intend to strengthen relations with stakeholde­rs, the community and promote sustainabl­e resource use encouragin­g other landowning units at the same time to pursue commercial ventures.

“Currently, we have developed 50 agricultur­al leases at the Waivunu backlands in Galoa, two low-cost residentia­l subdivisio­ns at the Wainivaga flatlands and high-cost residentia­l lots at Taqove Bay Heights.

“Under the venture, we have also leased 30 lots for yaqona farms as part of the Rural Millionair­e Yaqona Farm Scheme.”

Mr Nayacalevu said the name of the investment – Trinity Developmen­t Ltd — was derived from the three sacred beings of Christiani­ty and the three landowning units within their yavusa of Toluga (only three).

Meanwhile, the business venture was officially launched by the Commission­er Eastern Josefa Navuku.

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