THE Fiji National Provident Fund will start demolition work on its Greig St property after the first quarter of the year.
Businesses that operate in the property have been given notice of FNPF's intention to demolish the existing structure and build a very modern and bigger building.
The encroachment of Nubukalou Creek during high tide has been seen as a constant nuisance that has affected the daily operations of some businesses.
FNPF chief executive Aisake Taito said the fund planned to maintain its current properties.
"As such, FNPF intends to demolish the existing building and construct a new commercial building to house retail outlets, eateries and offices to begin around March or April 2014," said Mr Taito.
"We will not be able to release the cost at this stage but we will let you know once we can."
Suva has been taking a on a new look with modern buildings springing up and the FNPF intends to follow that pattern.
"The structure will have a fresh and modern look.
"The intent is that the new structure would stand out amongst its neighbouring properties."
FNPF has yet to clarify how long the project would take.