Colombo City Centre,is a 47 storey 1,000,000 sq.ft mixed lifestyle centre that combines a 210,000 sq.ft retail mall, a 196 roomed NEXT Hotel and 178 Residential Apartments at Sir James Pieris Mawatha, Colombo 2.
Piling for the building has already been completed by San Piling (Pvt) Ltd, and construction is expected to begin shortly, with the main contractor targeted to be appointed in August.
The project is being developed by Colombo City Centre Partners (Pvt) Ltd, a joint venture between Abans Sri Lanka and SilverNeedle Hospitality, Singapore, founded by the Investment firm Nadathur Group, owned by Nadathur S. Raghavan, co-founder of Infosys Technologies.
This collaboration between Abans, as a reputed Sri Lankan conglomerate, and Silver Needle Hospitality has established a connection between local and international partners which provides a level of comfort for investors.
Nearly 70% bookings have been received for the apartments and deposits continue to be received for these bookings with the smaller two bed room apartments practically sold out shortly after launch, attesting to the confidence investors have placed in the project and its developers.
There has also been a good demand for the three bedroom units both of which face the Beira Lake and the ocean beyond.
Colombo City Centre Partners (Pvt) Ltd is also pleased to advise that it has received approval for a financing package through a consortium led by Bank Of Ceylon supported by Peoples' Bank and Hatton National Bank.
Spanning from basement to the third floor, the five storey lifestyle retail mall will be on par with malls in Dubai and Singapore where Sri Lankans have much shopping experience.
The mall will feature Cinemas, Supermarket, a Food Court with both local and international cuisine, Games and recreational activities, and for the first time in Sri Lanka, will offer an enjoyable experience for the entire family.
Already retail planning and securing of tenants is in process and this is being handled by Hong Kong based HUSBAND Retail Consulting who in fact are at the final stages of securing an anchor tenant for the Mall.
Prospective operators of the Cinema facilities have also already made presentations. Above the Mall will be the car parks with separately demarcated area for the apartments, the Mall and the Hotel.
Floors up to the 19th floor will be the NEXT Hotel, the flagship brand of SilverNeedle hospitality who recently launched a Hotel in Brisbane, Australia in October 2014. NEXT Hotel will cater mainly to the professional and leisure needs of the business traveler and will be equipped with Modern Technology including 'keyless' entry to the rooms through mobile phones.
Floors 20 to 47 will be the Residences at Colombo City Centre, consisting of 2, 3, 4, and 5 bedroom units of sizes varying from 973 sq. to 4898 sq. and prices ranging from USD 330,000 to USD 2 million.
With the Residence Floors commencing at a high level due to the Mall and the Hotel below, residents will be guaranteed panoramic views of the city and the coastline. While enjoying the sea view, residents will not be directly subject to the damaging effects of sea breeze as the building is located at a distance from the coastline.
All building regulations have been conformed to, including the most currently relevant aspect of earthquake resistance. Further, investors can expect good capital appreciation and rental return. They will also receive freehold title to their apartments.
Life at Colombo City Centre Apartments.
The residents will be able to enjoy every convenience- from super markets to entertainment, fine dining to international and local branded shopping to extra accommodation for guests at the Hotel all under one house, yet with separate entrances, separate lifts and separately demarcated parking spaces.
With a total of only 178 apartments, renting and re-sale will be easier for the investor, and Colombo City Centre has a good mix of apartments, particularly 2 bedroomed units, in 5 sizes, which will cater to a wider spectrum of investors. The sizes of the apartments have the added benefit of making the total price affordable.
The residents will also be offered exclusive facilities including swimming pool, state-of-the-art gym, sauna, barbecue area, children's play area and a sky lounge on the 43rd floor.
Due to the encouraging response we received on apartment sales we decided not to construct a full show suite as planned on a site adjacent to the Colombo City Centre but are in the process of completing show suite finishes within two apartments at the JAIC Hilton which will be completed shortly so that customers may experience the superior and above current market finishes we have included in our design for their benefit. A team of internationally acclaimed partners at work at CCC.
The development also boasts of other internationally renowned partners who have come together to make the project a success. The lead designer of the project is AEDAS, an award winning global architectural firm. With over 1000 architects, it is the largest architectural practice in Hong Kong and specializes in architecture, interior design, master planning, landscape, urban designing and building consultancy within Asia, Middle East, Europe and America.
The world's largest collaborative design firm, Gensler, with over 4000 professionals across 46 countries will be in charge of the interior of the hotel and residencies,
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