Urban Development

Bogambara Prison Land at Kandy

Kandy

LOCATION

7 Acres

Land Extent

USD 40 Mn

Minimum Investment

Project Overview

Kandy is both an administrative and religious city and is also the capital of the Central Province. The city is picturesque and is set on a plateau surrounded by mountains and possess a large repository of resources, potential for urban development. The property is set to transform into a prison museum hotel to offer visitors a look into living conditions of former prisoners, while the cells would be converted into modern, comfortable rooms with all basic amenities. 

The estimated investment value is USD 40 Mn and the project is to commence in 2022

 

  • Further attributes of this property would include;

    • Main access would be from the city central – Keppetipola Road, Kandy. Location is close proximity to educational facilities, cultural landmarks, financial centers, and major transportation facilities.  
    • Availability of water, electricity, sewer and wastewater lines, etc.

Project/ownership structure

30 Year Lease  paid Annually

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)