$6m business complex opens in Nadi
17 February, 2020, 10:23 am
THE multi-million dollar Motorex Business Centre situated along the Nadi Back Rd was officially opened over the weekend.
The 30-shop complex was developed and built by former Fiji citizen Basant Raj Banfal who lived in Nadi before migrating to New Zealand in 2000.
Mr Banfal said there was a growing demand for multi-shop complexes in Fiji which he found especially lucrative in Nadi.
“This is my third development in Nadi and the reason being is I am originally from Nadi and I thought to give back to the people of Nadi something which was small retail outlets with a very reasonable rent,” he said.
“My first one was in Navo, Nadi, which had 24 shop outlets and after successfully leasing it out, we saw the demand so we decided to build a second one in Votualevu which was a 12 shopping outlets complex.
“After a year, we decided to move to the Nadi Back Rd and this was one of the biggest that we had done.
“We invested more than $6million into this third complex.”
He said growing business confidence and government incentives brought him to Fiji.
“To be very honest with the dual citizenship and various incentives, the confidence in the industry encouraged me to come back. After this complex, we plan to move to other parts of the country and the first town that we have in mind is Tavua.”
Chief guest Attorney-General Aiyaz Sayed-Khaiyum praised Mr Banfal for his commitment to Fiji.
“These sorts of developments provide a huge level of impetus to any local community, in other words, it gets the community centred on these sorts of shops and businesses,” he said.
“It gives opportunities to businesses and it is also growing businesses in and around Nadi.”