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$ 5 m development project in Rajagiriya

02 Nov 2021

  • BOI signs MoU with Sino Lanka for five-floor project 
A five-floor development project consisting of commercial and hotel accommodation in Rajagiriya is to be commenced by Sino Lanka Group along with the Board of Investment (BOI) of Sri Lanka.  The $ 5.6 million, 40,000 sq. ft building is to house five floors of usable space consisting three floors of commercial and co-working space and two floors dedicated to hotel accommodation. The property is also to  include a rooftop restaurant and cafe, serving both in-house and external guests.  For this development project at Rajagiriya, Sino Lanka and Sino Lanka Properties Two (Pvt.) Ltd. entered into an agreement with the BOI. The agreement was signed by Board Members Dr. Harsha Cabral and Sanjay Kulatunga on behalf of the BOI and Sino Lanka Director Dhiren Kundanmal. The proposed hotel will be an upscale city hotel with 20 rooms and four spacious suites, catering to individuals, groups, business travelers, and long-stay guests who prefer to stay away from the centre of Colombo yet would still need to be located close to the capital. Moreover, the proposed rooftop restaurant and cafe will be the first of its kind in Rajagiriya, which is anticipated to be a much-needed recreational space, given the recent urbanisation of the city. The development is the culmination of many years of experience in the property development and hospitality sectors in Sri Lanka with Sino Lanka Group actively operating in these areas through their investments in OZO Colombo, Kandy, and Amari Galle.  With over 250,000 commuters passing by the property daily en-route to Colombo, it will provide alternate working options closer to home, instead of travelling to the city, as it is aimed at providing operating capacity for any business to set up as a satellite office or head office.  It will also be equipped with the latest technology to enable seamless integration and communication so that occupants can plug and play their devices or expand their operations. Each floor will be decked with biometric security and the latest fire and health safety protection devices available. The co-working space will host up to 80 workstations including private offices, meeting rooms, shared desks, and common areas.  Sino Lanka (Pvt.) Ltd., a family-owned enterprise headquartered in Sri Lanka, is involved in multiple ventures including investments in hospitality, education, renewable energy, and property development in Sri Lanka. 


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