Sri Lanka property venture formed by Singapore’s Keppel

Kris Canekeratne at LBR LBO Tech Conference

Dec 07, 2012 (LBO) – Sri Lanka CT Holdings said Singapore’s Keppel group had completed the purchase of a 60 percent stake in a property unit which will build a seven billion rupee luxury apartment complex. . Keppel C T Developments (Private) Limited will build a 260-unit apartments in a 1.25 acre site at George R De Silva Mawatha, Colombo 13 area in Sri Lanka’s capital.

Most will have “panoramic views of the Indian Ocean” CT group said in a stock exchange filing.

Edmonton Pte Ltd, a unit of the Keppel group was assigned 60 percent shares and a loan granted by the CT group, a stock exchange filing said.