Lankapage Logo Recent Top Stories
Go Home Home Serving the Sri Lankan community globally since 2000
go to

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
Nine new HIV infections every week in Sri Lanka
-- [11 minutes ago]
Government to revamp the Sri Lanka Transport Board to minimize losses
-- [7 hours ago]
Police arrest a suspect involved in assault on a train driver
-- [8 hours ago]
Sri Lanka President to leave for CHOGM 2015 tomorrow
-- [8 hours ago]
Hemas Hospitals partners Credence Genomics to offer cutting-edge genetic diagnostics
-- [9 hours ago]
Sri Lanka's post-war transparent growth grabs attention of China's richest province
Three Ministers demand probe on Avant Garde Chairman's remarks
UPFA opposition to bring no-faith motion against Finance Minister
International Conference in Sri Lanka addresses maternal and child nutrition
New Commissioner General for Prisons assumes duties in Sri Lanka

Copyright © 2000, 2014 by (LLC) :
The news and other contents on ColomboPage are copyrighted property of, 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, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.