The principal property holdings of the Group are under the ownership of two property management companies, namely Properties Trust (Fiji) Limited and Carpenters Properties Limited, both wholly owned subsidiaries of the Carpenter Group. Other valuable property including Ellery Street building in the heart of Suva City, Walu Bay Edinburgh Drive complex, the residential properties in Raiwai and properties in Savusavu in Vanua Levu and in Somosomo in Taveuni Island are directly owned by Carpenters Fiji Limited. The property portfolio include valuable commercial, industrial and residential properties and numerous buildings and associated improvements. The industrial and commercial properties are exclusively occupied by the various businesses of the Carpenter Group. A separate property department located in the head office administers, maintains and manages all the properties. The Group has a number of prime sites for development which the Group aims to develop at the appropriate time. |
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