Access Engineering invests Rs800mn in property developer


June 01, 2016 (LBO) – Sri Lanka’s construction giant Access Engineering has invested 800 million rupees to buy 50 percent stake of a property developer to strengthen its presence in property development sector.

Access Engineering said in a stock exchange filing that the developer, Blue Star Constructions private limited, is the beneficial owner of over a 1 acre property located in Rajagiriya.

BOI approved Blue Star Constructions which incorporated in 2007 is currently planning a condominium mix development project, the company added.