Urban Development

Land at Denzil Kobbakaduwa Mawatha, Battaramulla

Battaramulla

LOCATION

3 Acres

Land Extent

USD 65 Mn

Minimum Investment

Project Overview

The property located in the administrative capital and in close proximity to the commercial hub, Colombo, the locality isone of the fastest developing administrative, commercial and residential areas. Convenient access to most Colombo’s educational institutes, commercial & government and private offices are attributes of the location. The proposed development will provide the luxury office spaces, and high-end commercial spaces to the Administrative Capital.

The estimated investment value is USD 65 Mn and the project is to commence in 2022

  • Further attributes of this property would include;
    • The main access is from Denzil Kobbakaduwa Mawatha and it has close proximity to the educational facilities, cultural landmarks, financial centers, and major transportation facilities.  
    • Availability of water, electricity, sewer and wastewater lines, etc.
  •  

Project/ownership structure

30-99 Years Lease Basis /PPP/JV

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)