The project involves a SilverNeedle's NEXT branded hotel targeting business travellers, a 4-story mall and a 30-storey condominium tower.
"South Asia is a strong priority market for SilverNeedle Hospitality and we look forward to entering the market with ABANS Group as a partner," managing director SilverNeedle Hospitality, Iqbal Jumabhoy said in a statement.
"This mixed use project plays to SilverNeedle Hospitality’s significant capabilities in the property development space."
Abans is a group with 250 million US dollar a year in revenues and says it is the largest consumer durables reteauler in Sri Lanka with 440 company owned stores.
