Will provide 600,000 sq ft of office space:
The Havelock City Commercial Development project valued at US $ 166 million, got off the ground in Colombo last week.
The 46-storeyed building will have 600,000 sq ft of grade A premium office space and a 200,000 sq ft shopping mall upon completion in 2020.
Havelock City is the largest integrated mixed use development project undertaken in Sri Lanka which comprises residential and commercial components.
The residential component of the entire Havelock City project will comprise 10 towers with 1,300 apartments of which the company has already completed four towers with 450 units, Overseas Realty Director and CEO Pravir Samarasinghe said.
Another four towers with over 600 units are under construction, he said.
The critical and important aspect of the commercial development is the road transport infrastructure adjacent to the Havelock City project, according to Samarasinghe.
The government under the megapolis transportation plan hopes to build an elevated light railway line and a station on Havelock road adjacent to the Havelock City property which will ensure connectivity through public transport facilities in the country, he said.
Overseas Realty Chairman S.P. Tao made his first business foray in Sri Lanka when he assisted to set up the Ceylon Shipping Corporation through the sale of his ship MV Lanka Rani. Delivering a message at the inauguration, Toa said that he was convinced that 46 years ago Sri Lanka will be a vital distribution maritime container transshipment hub for the Gulf and South Asia. “Today with China’s development of its ‘one road, one belt’ strategy Sri Lanka’s importance as a maritime centre is secured,” he said.
“I am a firm believer that the property market is the biggest enterprise in any country in the world,” Tao said.
He said that he was more bullish on the growth prospects of Sri Lanka and said that he was proud to be a part of the growth as a long term investor in Overseas Realty (Ceylon), a premier listed property company in Sri Lanka.
Foreign Minister Mangala Samaraweera said the measures taken by the Havelock City to build yet another office tower will help Sri Lanka meet the increasing demand for premium office space. The Sri Lankan property development industry is bound to grow and has a huge potential to attract investment to the country. “Economic growth will drive multi national companies and precipitate the expansion of commercial businesses in Colombo,” he said.
The Havelock City Commercial Development project valued at US $ 166 million, got off the ground in Colombo last week.
The 46-storeyed building will have 600,000 sq ft of grade A premium office space and a 200,000 sq ft shopping mall upon completion in 2020.
Havelock City is the largest integrated mixed use development project undertaken in Sri Lanka which comprises residential and commercial components.
The residential component of the entire Havelock City project will comprise 10 towers with 1,300 apartments of which the company has already completed four towers with 450 units, Overseas Realty Director and CEO Pravir Samarasinghe said.
Another four towers with over 600 units are under construction, he said.
The critical and important aspect of the commercial development is the road transport infrastructure adjacent to the Havelock City project, according to Samarasinghe.
The government under the megapolis transportation plan hopes to build an elevated light railway line and a station on Havelock road adjacent to the Havelock City property which will ensure connectivity through public transport facilities in the country, he said.
Overseas Realty Chairman S.P. Tao made his first business foray in Sri Lanka when he assisted to set up the Ceylon Shipping Corporation through the sale of his ship MV Lanka Rani. Delivering a message at the inauguration, Toa said that he was convinced that 46 years ago Sri Lanka will be a vital distribution maritime container transshipment hub for the Gulf and South Asia. “Today with China’s development of its ‘one road, one belt’ strategy Sri Lanka’s importance as a maritime centre is secured,” he said.
“I am a firm believer that the property market is the biggest enterprise in any country in the world,” Tao said.
He said that he was more bullish on the growth prospects of Sri Lanka and said that he was proud to be a part of the growth as a long term investor in Overseas Realty (Ceylon), a premier listed property company in Sri Lanka.
Foreign Minister Mangala Samaraweera said the measures taken by the Havelock City to build yet another office tower will help Sri Lanka meet the increasing demand for premium office space. The Sri Lankan property development industry is bound to grow and has a huge potential to attract investment to the country. “Economic growth will drive multi national companies and precipitate the expansion of commercial businesses in Colombo,” he said.
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