Havelock City to build mixed development project
BOI signed an agreement with Havelock City (Private) Limited to
establish a mixed development project which will include a shopping mall
with multiplex Cinema, restaurants, shops, entertainment areas and an
office complex.
The value of this investment is more than Rs. 27 billion (of which US
$ 5 million is FDI). This project will provide an estimated 243 direct
employment opportunities.
"This is another flagship development by Overseas Realty which will
change the urban landscape of Colombo. Its modern shopping complex will
be ahead of its time and cater to discerning locals and tourists alike,"
said Pravir Samarasinghe, Group Chief Executive Officer of Overseas
Realty.
He further added, "The office spaces too have been designed keeping
the country's future business needs in mind, especially the growing BPO
and IT-enabled services."
The project is part of the Havelock City residential and commercial
developments which is a US $ 350 Million project on an eighteen acre
site in the heart of Colombo.
The Havelock City complex consists of eight luxury residential
towers, a magnificent club house, a very large elevated roof garden and
shopping mall.
Havelock City is a project by Overseas Realty and is a BOI approved
project and Flagship Company in property development.
It is part of the Shing Kwan Group, the owner; developer and Manager
of the World Trade Centre, Colombo's first modern high rise building. |