Urban Development

Beruwala, Kalawilawatta

Beruwala

LOCATION

4 Acres

Land Extent

USD 60 Mn

Minimum Investment

Project Overview

Located in the southern coastal belt of the country, the Moragalla Town located close proximity to the Beruwela Town, the property would facilitate a leisure focused multi-storied and tourism-based mixed development project, with access ease to public transport facilities and local restaurants, food courts, supermarkets, leisure areas, gymnasiums, etc.The estimated investment value is USD 60 Mn. The project is expected to commence in 2021

  • Main access would be from Galle Road and close proximity to regular transportation facilities such as the Southern Expressway and train stations (distance to Welipenna Interchange would be is 12.2km and the distance to the nearest train station – Aluthgama Station would be 2.1km from the property).
  • Availability of water, electricity, sewer and wastewater lines, etc.

Project/ownership structure

99 Year-End 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

Strategic location

Situated at the core of the CBD the property has extensive development opportunities to cater to high tourist demand-based activities around the Beira Lake and in close proximity to Port City, in addition to the Port.

(Presently occupied by Peoples Bank Training Centre)