ECONOMYNEXT - Colombo City Holdings, a publicly traded company said it had reached a deal to sell 66.81 perch land with a building in Union Place, in Sri Lanka's capital Colombo for a billion rupees.
The property will be bought by Vision Care Optical Services (Pvt) Ltd.
Colombo City Holdings, owns 117.75 perches of land with two buildings which were re-valued at 1,298 million rupees in the 2016 annual report. The main building with 28,498 square feet was valued at 6,250 rupee per square feet on a replacement cost basis.
The land was valued at 10 million rupees per perch, up from 8.0 million in 2015.
The stock closed down 15.8 rupees at 950 rupees on Monday.
The property will be bought by Vision Care Optical Services (Pvt) Ltd.
Colombo City Holdings, owns 117.75 perches of land with two buildings which were re-valued at 1,298 million rupees in the 2016 annual report. The main building with 28,498 square feet was valued at 6,250 rupee per square feet on a replacement cost basis.
The land was valued at 10 million rupees per perch, up from 8.0 million in 2015.
The stock closed down 15.8 rupees at 950 rupees on Monday.
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