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::

* Macksons Properties to build luxury apartment complex in Sri Lanka capital
Mon, May 19, 2014, 10:33 am SL Time, ColomboPage News Desk, Sri Lanka.

May 19, Colombo: Macksons Properties (Pvt) Ltd. has entered into an agreement with Sri Lanka's investment promotion agency to build a 100-room luxury apartment complex in the heart of capital Colombo.

The newest business venture of Macksons Holdings will invest Rs. 412 million in the proposed project which has been approved by the Board of Investment (BOI).

The Hotel/Serviced Apartment complex at Galle Road in the city's posh Colombo 3 will have all the facilities and services associated with modern star class hotels.

The 11-storied complex will have 100 rooms, a swimming pool, gymnasium, high speed free WI-FI facility, and ample parking.

The guests will have the convenience of room service and laundry service, and other services to provide orderly, luxurious living.

The building contract has been given to Sanken Lanka (Pvt) Ltd.

Deputy Chairman of Macksons Properties Milfer Makeen and BOI chief Lakshman Jayaweera signed the agreement on 13th May 2014 for the project.

Macksons Holdings, known for its Multilac and Macktiles brands, is a Sri Lankan business entity with diversified interests in manufacturing, trading, imports and exports in the paints, tiles, giftware, FMCG, automobiles, energy and leisure sectors.

Macksons Properties are also in the process of shortlisting international chains to add global strength to their venture, and the signing of the BOI agreement too further consolidates their vision towards being a presence in the Leisure sector in Sri Lanka, the company said.

Macksons Properties has already acquired several other lands in Colombo for the construction of more leisure/service apartments and a commercial development in the future.

ColomboPage - Recent 10 Stories
Tamils in eastern Sri Lanka protest Missing Persons Commission's hearings
-- [4 hours ago]
Sri Lanka sending high-level delegation to Maldives to express concern over political crisis
-- [6 hours ago]
Sri Lanka stock exchange to set up a Central Counterparty Clearing system
-- [6 hours ago]
Sri Lanka, China committed to strengthen 'all weather friendship'
-- [7 hours ago]
Sri Lankan PM orders to remove high-maintenance foliage wall from official residence
-- [8 hours ago]
Top UN official visiting Sri Lanka holds discussions with President
-- [9 hours ago]
Sri Lanka Freedom Party central committee to decide on constitutional reforms in a week
Sri Lanka Police appoint new head to the CID
UN Under Secretary General calls on Acting Foreign Minister of Sri Lanka
Tamil Nadu CM asks Indian PM to get the fishermen and boats released from Sri Lanka promptly

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.