Business

BOI, Rakna Property sign agreement for mixed development housing project

  • Initial investment $ 33.8 m

The Board of Investment of Sri Lanka (BOI) recently entered into an agreement with M/s Rakna Property Holdings Ltd., a subsidiary of M/s. Rakna Arakshaka Lanka Ltd., for a mixed development project.

The agreement was signed by BOI Chairman Sanjaya Mohottala and M/s. Rakna Property Holdings Board Director Maj. Gen. (Retd.) Jagath Alwis on behalf of the company’s Chairman Maj. (Retd.) Dulath L. Wijetilleke.

The project will commence with an initial investment of $ 33.8 million and will be located in Colombo 4, housing a 20-storey office complex of high-tech and energy-efficient rentable open spaces, complete with adequate parking facilities, executive luxury suites, a conference hall, a hi-end rooftop restaurant, and other amenities.