Lankapage Logo Recent Top Stories
CP 14 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* Sri Lanka's Lee Hedges to build a Rs 1.2 billion office complex in Colombo
Wed, Mar 12, 2014, 01:41 pm SL Time, ColomboPage News Desk, Sri Lanka.

Mar 12, Colombo: Lee Hedges Investments Ltd, a fully owned subsidiary of Lee Hedges PLC has signed an agreement with Sri Lanka's investment promotion agency, Board of Investment (BOI) , to build a 15-story office complex at an estimated project cost of Rs.1.2 billion.

The project will provide 112,000 square feet of office space in its 15-floor Complex, with three floors of parking, central air conditioning and two elevators.

Design Consortium, the Consultants /Architects for the project having taken note of more than 100 years history of the parent company, Lee Hedges PLC, has come up with a unique colonial architectural design, which will stand out on its Galle Road frontage.

The land on which the building is to be constructed was originally owned by the parent company Lee Hedges PLC. The company was acquired by the Government in 1970 for the Cashew Corporation. It has been secured back from the Urban Development Authority (UDA) on a 99 year lease.

The project is pioneered by Mr. S.RVamathevan, the Chairman/Managing Director of Lee Hedges PLC and the Chairman of Pioneer Group of Companies. The company has developed several residential apartment complexes within Colombo's Municipal limits.

The proposed commercial development project will be one of the high rise mega projects that will be located on the three acres of prime land with Galle Road and Duplication Road frontage.

ColomboPage - Recent 10 Stories
US Assistant Secretary to arrive in Sri Lanka Sunday
-- [20 minutes ago]
Sri Lanka's new government to express sympathy to victims of war at Independence Day celebrations
-- [5 hours ago]
Bakery owners in Sri Lanka to reduce bread prices following reduction in wheat flour prices
-- [6 hours ago]
Sri Lankan President's adviser briefs UN HR High Commissioner on new government's policies
-- [8 hours ago]
UN Secretary General hopes Sri Lanka will work with the UN on war probe
-- [9 hours ago]
Public sector salaries not increased and private sector workers ignored by the Sri Lankan government - trade union leader
-- [9 hours ago]
Sri Lankan government to audit and investigate into non-strategic investments in Seychelles
-- [9 hours ago]
Sri Lanka Marxist party says short or long term economic strategies not included in interim budget
Opposition legislators of Sri Lanka seek debate on the controversy over Chief Justice, PM to respond today
Colombo Stock Exchange to educate Sri Lankan pensioners on sustainable financial planning

Copyright © 2000, 2014 by LankaPage.com (LLC) :
The news and other contents on ColomboPage are copyrighted property of LankaPage.com, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from LankaPage.com, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.