Sri Lanka Lee Hedges in US$9mn office complex

Mar 11, 2015 (LBO) – Lee Hedges Plc, a unit of Sri Lanka’s Pioneer group of companies will build a 1.2 billion rupee, 15-floor office complex, the state investment promotion agency said. The project is implemented through Lee Hedges Investments Ltd, a unit of Lee Hedges Plc which is in the pioneer group.

The building will be in a 3 acre plot in Kollupitiya, an upmarket suburb of Colombo, the Board of Investment of Sri Lanka said. The BOI gives tax breaks for large investments.

The building will have a colonial façade. Its architects are Design Consortium, a Colombo-based firm.

It will have 112,000 square feet of office space, three floor of parking.

The Pioneer group chaired by S R Vamathevan has built several apartment complexes, the BOI said.