ASPIC launches luxury housing for UK market

BY RAMANI Kangaraarachchi

ASPIC Corporation (Pvt) Ltd announced the launch of three massive land development projects including an exclusive luxury housing complex in Sri Lanka specially for the UK market.

CEO ASPIC Corporation Deepthi Perera said the land development project consists of two luxury apartments in Colombo and a golf link close to the Castlereigh reservoir.

Most of the apartments have already been sold at prices ranging from Rs. 12.5 million to Rs 80 million, Perera said.

The 25 million US dollar golf Link project is a joint venture with an award winning Chinese company for property development, PDSI Group. The BOI approved project is valued at Rs 2.1 billion and due to commence operations shortly.

"My aim is to bring foreign currency to the country and provide sustainable employment for the people of our country," Deepthi Perera said. During the last year, the company mostly concentrated on charity specially to rehabilitate 35 families affected by the tsunami in Kirinda where ASPIC Group undertook to build 35 houses costing Rs. 30 million and this year the full concentration will be on making profits through innovative projects, he said.

Sri Lanka has a tremendous potential for land development and ASPIC will build the brand for property development in the future because we can guarantee good products, Perera said.

Apart from the above projects, ASPIC Group is carrying out final negotiations with Boganwantalawa Plantations for a joint venture to develop an estate in Deraniyagala where the group will try its potential in the agricultural sector which will provide employment for 2000.

The group has nine companies including mineral,investment,property development,marketing and offshore sectors at present.