In a first for the commercial real estate industry in Sri Lanka, the Shangri-La Group — one of the world’s premier developers, owners and operators of hotel and investment properties — has appointed JLL (NSYE: JLL) as its exclusive leasing agent for the One Galle Face Tower (OGFT), located in the heart of Colombo.
With the country setting itself aggressive foreign direct investment targets in 2021, the need for premium Grade ‘A’ office and commercial real estate from both domestic and foreign establishments is expected to intensify. JLL, with its operations in over 80 international markets, can pair its local market knowledge with its access to global multinational relationships and capital sources to better tap on the real estate inventory in Colombo, Sri Lanka.
Inaugurated in 2019, OGFT comprises approximately 531,000 square feet of luxury Grade ‘A’ office space spread over 38 almost column-free floors. OGFT is the only ready-to-move-in Grade ‘A’ office building in Colombo built to Green Mark Gold standards and offers landlord-operated flexible office options and meeting facilities specifically for its tenants.