High-rise Mixed Development

Welikada Prison Land at Borella

Colombo 08


40 Acres

Land Extent

USD 1500 Mn

Minimum Investment

Project Overview

Located in an IT industrial area (close proximity to Orion City), is ideal for a mixed development project aimed at IT professionals and digital nomads. Extensive development opportunities in the area are a possibility considering the extent of the land and it being in close proximity to the port, educational facilities, cultural landmarks, financial centres, and major transportation facilities.

The project value is estimated at USD 1,500Mn

The project is expected to commence in 2023

Project/Ownership Structure

Project company can facilitate potential partnerships with interested parties locally and internationally and it is offered on a 99-year lease

Project incentives:

Government Tax Concessions
Speedy approval process with the assistance of the UDA
Readily available basic infrastructure to the site
Government assured land tenure security

Geographical Location: Located within the city limits of Colombo, its conveniently located in close proximity to all logistic centers and main highway.