Prime Minister and Minister for Public Enterprises Honourable Sitiveni Rabuka launched the Unit Trust of Fiji’s (UTOF) three self-funded commercial building projects worth $150 million last night.
The projects marks a major milestone in the institution’s growth and contribution to Fiji’s economic development.
Speaking at the event, Prime Minister Rabuka commended UTOF for its bold and visionary investment strategy, describing the initiative as a “clear vote of confidence in Fiji’s economic potential” and a reflection of the Coalition Government’s vision for a resilient, prosperous, and inclusive economy.
“To manage this expanding property portfolio, we are pleased to witness the formal commissioning of UTOF Properties Pte Limited, a new entity tasked with overseeing real estate and property developments,” said the Prime Minister.
“This is only Phase One, with the potential to scale up to $500 million by 2028.
“UTOF’s leadership in commercial development is exactly the kind of Fijian-led, inclusive, and regionally ambitious enterprise we want to see more of.”
The Prime Minister also formally commissioned UTOF Properties Pte Limited, a new subsidiary tasked with managing the institution’s expanding property portfolio and overseeing real estate and property developments.
Further, he encouraged UTOF to explore collaboration with the Ministry of Housing and the Housing Authority of Fiji in addressing the nation’s housing challenges through joint initiatives in mixed-use developments and affordable rental markets.
“The potential for partnership between UTOF and Government in addressing our national housing needs is significant,” Hon. Rabuka said.
Highlighting UTOF’s strong performance, the Prime Minister noted that the institution’s funds under management have grown from $100 million in 2014 to $570 million in 2025, with projections to reach $600 million by year-end.
Prime Minister Rabuka also praised UTOF’s alignment with the National Development Plan 2025–2029, and its recognition through the President’s Award under the Fiji Business Excellence Framework in 2023.
“This level of alignment signals a shared national purpose—one that connects our economic institutions directly with the strategic priorities of this Government,” he concluded.
The three new commercial developments are expected to generate employment, boost local economies, and strengthen investor confidence in Fiji’s property market.
