March 05, 2008 (LBO) – Sri Lanka’s Ceylinco Consolidated has inked an agreement with the country’s investment promotion agency to set up its second shopping and apartment complex in the suburbs of Colombo.
The 33 million US dollar project, “Realty Tower”, has 18 floors and will be built in the Colombo suburb of Nawala, on 139 perches of land. It will include an ice skating rink, a novelty in the tropical island.
The company said the complex will have over 230 air conditioned shops, a 225-vehicle park, food court, children’s play area, supermarket, and a 270 seating capacity digital cinema.
Ceylinco’s first shopping mall “Realty Plaza” came up in Ja-Ela, north of Colombo, near to the country’s only international airport.
Ceylinco says they want to build shopping malls in fast developing suburbs of Colombo.
“My idea is to set up shopping complexes out of Colombo in the suburbs and even in rural areas,” chairman of Ceylinco Consolidated, Lalith Kotelawala, said at the signing ceremony Tuesday.
The beauty of this shopping complex is that it is a very cost effective and fantastic marketing opportunity for people who are small and medium industrialists, he said.