Sri Lanka Development Project

The Group and Shang Properties, Inc. have formed a joint venture, Shang Properties (Pvt) Ltd, in Sri Lanka, to develop a mixed-use project strategically located in the heart of Colombo, the country’s commercial capital and largest city. The site is situated on a six-acre parcel of leased land on Sir James Peiris Mawatha overlooking Beira Lake in Colombo.

Phase I will include a high-rise residential tower and Phase II will comprise residential and retail components. The entire project will take eight to nine years to develop.

The development will be complemented by an integrated podium feature jogging tracks, a clubhouse fully equipped with swimming pools and other facilities, a garden, and car-parking floors.