[caption id="attachment_116581" align="alignright" width="348"]
A rendition of the completed 447 Luna Tower[/caption]
Belluna Co. Ltd. Japan announced that Asia Capital PLC will not act as the local co-ordinating partner in the 447 Luna Tower project at Union Place, Colombo 02, with effect from 13 January 2021.
Asia Capital PLC was the local partner facilitating the project on behalf of Belluna Co. Ltd. Japan. 447 Luna Tower is solely funded and fully owned by Belluna Lanka, the local subsidiary of Belluna Co. Japan. The project is said to be one of the few equity-funded real estate developments in the country that is not dependent on pre-sales or project financing.
“447 Luna Tower is a fully equity funded project of Belluna Co. Japan. Construction on the tower was continuing as scheduled and was in its finishing stages, when it was affected by the Covid-19 pandemic and the curfew imposed in Sri Lanka, and the subsequent social distancing regulations imposed on construction sites,” explained Union Place Apartments Director Hiroshi Yasuno.
“However, we wish to reassure our clients that construction is progressing, and Belluna Co. Japan is committed to handing over the landmark development in 2021.”
Belluna Co. Japan is a conglomerate listed on the Tokyo Stock Exchange that claims to be a significant player in the global hospitality and real estate industry, with projects spanning across the Maldives, Myanmar, and USA.
Furthermore, Belluna Co. Japan is stated to have invested $ 175 million across four projects in Sri Lanka’s real estate industry. The firm’s hotel property, Le Grand in Galle, was its first investment in Sri Lanka, which was completed in 2018, and its ongoing hotel project is a 300-room city hotel on Marine Drive, which is set for completion in 2021.
447 Luna Tower, which claims to offer an attractive payment plan, invites investors on two days of the week, following safety procedures implemented at the site, to visit the six model apartments completed on the 18th floor of the building.
A rendition of the completed 447 Luna Tower[/caption]
Belluna Co. Ltd. Japan announced that Asia Capital PLC will not act as the local co-ordinating partner in the 447 Luna Tower project at Union Place, Colombo 02, with effect from 13 January 2021.
Asia Capital PLC was the local partner facilitating the project on behalf of Belluna Co. Ltd. Japan. 447 Luna Tower is solely funded and fully owned by Belluna Lanka, the local subsidiary of Belluna Co. Japan. The project is said to be one of the few equity-funded real estate developments in the country that is not dependent on pre-sales or project financing.
“447 Luna Tower is a fully equity funded project of Belluna Co. Japan. Construction on the tower was continuing as scheduled and was in its finishing stages, when it was affected by the Covid-19 pandemic and the curfew imposed in Sri Lanka, and the subsequent social distancing regulations imposed on construction sites,” explained Union Place Apartments Director Hiroshi Yasuno.
“However, we wish to reassure our clients that construction is progressing, and Belluna Co. Japan is committed to handing over the landmark development in 2021.”
Belluna Co. Japan is a conglomerate listed on the Tokyo Stock Exchange that claims to be a significant player in the global hospitality and real estate industry, with projects spanning across the Maldives, Myanmar, and USA.
Furthermore, Belluna Co. Japan is stated to have invested $ 175 million across four projects in Sri Lanka’s real estate industry. The firm’s hotel property, Le Grand in Galle, was its first investment in Sri Lanka, which was completed in 2018, and its ongoing hotel project is a 300-room city hotel on Marine Drive, which is set for completion in 2021.
447 Luna Tower, which claims to offer an attractive payment plan, invites investors on two days of the week, following safety procedures implemented at the site, to visit the six model apartments completed on the 18th floor of the building.