MTD Walkers (KAPI) restructures debentures due September 30th, changes auditors
September 28, 2018 (LBO) - In Colombo Stock Exchange (CSE) filings filings released today, listed construction company MTD Walkers (KAPI), announced a …
Real Estate & Construction
ADB provides USD300Mn for elevated highway
Sept 28, 2018 (LBO) - The Asian Development Bank’s (ADB) has approved a US 300 million dollar loan to help in the construction of about 5.3 kilometers (km) …
OPINION: 90,000 Northern families in shanties or homeless. What happened to Govt. promised housing?
By Jekhan Aruliah In October last year I had the privilege of participating in the blessing of a new water well in the Killinochchi District of the Northern …
Sri Lanka’s Access gets Col 02 land for Rs.1.1 Bn
Sept 20, 2018 (LBO) - Sri Lanka's cabinet of ministers has approved the lease of a prime land block in the Colombo's central business district to Access …
Colombo City Centre Mall to opens doors today
Sept 19, 2018 (LBO) - Sri Lanka's Colombo City Centre mall by Abans and NextStory Group will open to the public at 4.30 pm today. Conveniently situated by the …
Iconic developers to invest USD50Mn in Sri Lanka’s real-estate
Sept 18. 2018 (LBO) - Singapore based property developer, Iconic said they are planning to invest US 50 million dollars in Sri Lanka's luxury/semi luxury and …
Impact of imposition of VAT on condominium sales: JLL report
Sept 10, 2018 (LBO) - In the wake of continuing uncertainty with regard to the effective date on the reintroduction of Value Added Tax (VAT) on residential …
Sky One residencies launched in Colombo
Sep 07, 2018 (LBO) - Sky-One residencies to be constructed on a land area of approximately 143 perches and due completion in 2021 was launched in Colombo, …
CSE flags irregular trading in shares of MTD Walkers (KAPI)
September 4, 2018 (LBO) - On August 31st, the Colombo Stock Exchange (CSE) has queried listed construction firm MTD Walkers (KAPI) on unusual trading in its …
Office space demand and long term optimism for apartments to drive real-estate market
Aug 21, 2018 (LBO) – It is clear that Sri Lanka has enjoyed a sustained growth in the supply of high-end luxury apartments. online pharmacy buy abilify with …
Altair sponsors RCGC Open Golf tournament for 2ndsuccessive year
The best of Sri Lanka’s amateur and professional golfing talent will vie for the title of the country’s champion golfer when the 2018 edition of the RCGC …
Pradeep Moraes re-elected as Chairman of Condominium Developers Association
Aug 16, 2018 (LBO) - The Condominium Developers Association of Sri Lanka (CDASL), has announced the appointment of new office bearers and members of the …
Advantis Engineering partners ATAD Steel Structure Corporation to improve construction solutions in Sri Lanka
Advantis Engineering, a subsidiary of Hayleys Advantis Limited, recently entered into a Memorandum of Understanding (MOU) with global pre-engineered building …
Damro’s opens Rs 12.5Bn Marino Mall and hotel in Colombo
Jul 31, 2018 (LBO) - Damro Group opened the 12.5 billion rupee Marino Mall and Beach Hotel in Colombo 3, adding 289 star class rooms to Colombo’s hotel …
CSE listed Asian Hotels (AHPL) profit evaporates as new competitors emerge
July 24, 2018 (LBO) - Colombo Stock Exchange listed Asian Hotels and Properties (AHPL) reported weak results for the quarter ended June 30, 2018. Revenue was …
Multi Finance to top up capital with Rs200mn private placement
July 20, 2018 (LBO) - Central Bank of Sri Lanka (CBSL) registered finance company Multi Finance is to increase its capital base by way of private placement. …
Construction industry future outlook positive, but challenges remain: RIU study
Jul 20, 2018 (LBO) - As a part of its ongoing research into the real estate and construction industry Research Intelligence Unit (RIU) conducted a survey among …
Blue Ocean Group wins multiple awards at Asia Property Awards 2018 in Sri Lanka
Blue Ocean Group, one of Sri Lanka's leading real estate developer was yet again in the limelight at the inaugural PropertyGuru Asia Property Awards - Sri …
Altair takes top honours at 2018 PropertyGuru awards in Colombo
Altair won four top awards at the 2018 PropertyGuru Asia Property Awards in Colombo, taking the major honours at this prestigious event held for the first time …
Asia Property Awards debuts in Sri Lanka: Honors industry’s growing potential
Jul 17, 2018 (LBO) - Sri Lanka's real estate industry was honored at the first PropertyGuru Asia Property Awards which was held at the Shangri-La, Colombo, …