Category: Real Estate & Construction
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 down 14% and profits were down sharply by 77%. The listed group owns the Cinnamon Grand and Cinnamon Lakeside hotels, making it the owner of the largest amount of […]
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. The Colombo Stock Exchange listed company is to raise Rs200mn at Rs13/share which is approximately the net asset value of the company. The shares will be placed with […]
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 multifarious construction industry companies operating in Sri Lanka. Working with LECS, who recently held the 7th edition of their annual Construction Expo, the aim of this latest RIU […]
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 Lanka award ceremony recently held at the Shangri-La Hotel, Colombo. Blue Ocean Group was nominated for an impressive total of eight awards including multiple nominations for the Special Recognition […]
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 in Sri Lanka to recognise leading players in the country’s real estate sector.The iconic twin tower luxury residential development was presented with the Overall Award for ‘Best Condominium […]
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, recently. The awards recognised the real estate sector’s tremendous potential, with the island’s most innovative developers and current developments of the year chosen by an independent panel of experts following […]
Capital Trust Residencies wins multiple awards at Asia Property Awards 2018
Capital TRUST Residencies (Pvt) Ltd clinched four prestigious awards at the PropertyGuru Asia Property Awards 2018 held at Shangri-La Hotel Colombo on 12th July 2018.Among them was one of the major awards at the ceremony, the “Best Boutique Developer”. The company’s Thimbirigasyaya Road, Colombo 05 project won “Best Mid End Condo Development (Colombo)” and also […]
‘s international reality sign up Sapphire residences
Jul 16, 2018 (LBO) – Sri Lanka Sotheby’s International Realty the global marketing agents for the ultra-prestige residential development Sapphire Residences at Colombo 1 has appointed Charles Phillpot as Sales &Marketing Director. Now living full time in Colombo, Charles Phillpot will lead a team that will promote the Sapphire Residences to the global market. The 132 […]
Sri Lanka seeks investments from France for Megapolis project
July 13, 2018 (LBO) – Sri Lanka recently concluded an investment forum in France aimed at attracting foreign investments for the Megapolis project that is being carried out in the Western Province. The forum was held in Paris, France from 01 July to 06 July 2018 with the participation of well-known French companies. Speaking at […]
Sotheby’s International Realty partners with Catalina Koggala’s luxury villa development
July 12, 2018 (LBO) – Sri Lanka Sotheby’s International Realty today announced an agreement to work with Catalina Koggala, Sri Lanka’s premiere villa-based residential country club, to market Catalina’s luxury villas globally. Charles Phillpot, Sales and Marketing director of Sri Lanka Sotheby’s International Realty, said “There is currently a lot of interest from many […]
Pradeep Moraes of Altair named Sri Lanka Real Estate Personality of the Year
The PropertyGuru Asia Property Awards (Sri Lanka) competition, which is being held for the very first time in Colombo on 12 July 2018, has chosen its first-ever Sri Lanka Real Estate Personality of the year. Pradeep Moraes, director at Indocean Developers – the company behind the twin tower Altair, designed by celebrated architect Moshe Safdie […]
Sri Lanka to obtain 100bn yen from MUFG Bank for Central Expressway phase 3
July 04, 2018 (LBO) – Cabinet has approved a proposal presented by Prime Minister to enter into an agreement with MUFG Bank in Japan to obtain 100 billion Japanese Yen for the Central Expressway Phase 3. The Government has planned to construct 32.5 km distance of the Central Expressway (Phase 3) from Potuhera to Galagedara […]