Urban Development
Summit Flat Land at Keppetipola Mawatha,Colombo 07
Colombo 07
LOCATION
10 Acres
Land Extent
USD 210 Mn
Minimum Investment
Project Overview
Constructed in 1976 for the 5th Summit Conference for the Head of State and Government of the non-aligned movements, the property consists of 175 summit houses. The property is divided into 3 plots; Plot A consists of a housing unit to relocate existing occupants, Plot B includes lodging houses and a few bungalows used by the Sri Lanka Police and Plot C consists of two bungalows.
The estimated investment value is USD 210Mn
Project is to commence in 2022
Further attributes of this property would include;
- The property is in close proximity to the port, educational facilities, cultural landmarks, financial centers, and major transportation facilities.
- Availability of water, electricity, sewer and wastewater lines, etc.
Project/ownership structure
Project/Ownership Structure: 99 Year Lease/ JV*/ PPP**
* Joint Venture
** Private-Public Partnership
Project incentives:
Geographical Location: Centrally located within Colombo and with easy access to all essential amenities.