Sri Lanka Business News | Online edition of Daily News

The country's most prestigious luxury condominium project, Trillium Residencies, signed a Memorandum of Understanding (MoU) with reputed construction company Sanken Lanka in Colombo on April 27, 2011 for construction of the final phase of the Sunset Wing, Scheduled for completion by March 31, 2012, the final phase will mark the successful completion of Trillium Residencies to the highest quality standards as pledged and executed by Trillium at the time of the project's commencement.

The MoU was signed by the City Housing and Real Estate (CH&RE) Chairman Janaka Ratnayake, for the company's flagship project - Trillium Residencies; and by Managing Director/General Manager of Sanken Lanka Ranjith Gunatilleke. Commenting on the landmark occasion, Chairman of CH&RE, Janaka Ratnayake, said: "The signing of this agreement heralds the fact that within the next year we will have successfully completed Trillium Residencies, making it the only real estate project of its kind to grace the city. Sanken Lanka is a reputed leading construction company and has translated our vision for high quality construction and superior exterior and interior finishes to the highest degree. Our partnership with Sanken Lanka right through the project has sent a loud and clear signal to prospective buyers that Trillium Residencies is a quality project."

Ratnayake also expressed his gratitude to the construction company for supporting Trillium during the time it faced a bleak macro economic situation few years ago. He went on add: "Today, I am extremely bullish about the prospects of selling the few apartments we have remaining in the new wing. Our dynamic sales and marketing team has already sold a record 8 apartments in the month of April alone, the highest monthly sales recorded for Trillium Residencies ever! I would like to invite investors and prospective home owners to invest in Trillium Residencies and make the wisest investment decision of their life!!" Investors with foresight who booked their apartments early on are already experiencing a steady 20% Return on Investment (ROI).

Managing Director and General Manager of Sanken Lanka, Ranjith Gunatilleke, "Trillium Residencies has been a flagship project for the country's condominium market and we are proud to be associated with such a prestigious project. This condominium project is an extremely comprehensive one as it provides all the possible luxury facilities unlike many other projects which have only a few facilities. Sanken Lanka has partnered Trillium Residencies because of the project's professionalism, superior design by reputed architects, quality consciousness and uniqueness. Any prospective buyer looking for a luxury apartment should consider trillium Residencies as it complies with all legal and statutory requirements and regulations, and as the project's construction partner, I can state unequivocally that every attention to detail and thorough construction best practices have been employed in this project." As Sri Lanka's real estate industry experiences increased vitality, an ambitious and successful project such as Trillium Residencies will be the showpiece for the country's real estate sector

Sprawling across 3.5 acres of prime land in the heart of Colombo, adjoining the only expressway in the city, Trillium Residencies boasts the most central location possible, with easy access to local and international schools, hospitals, supermarkets and commercial areas. More significantly, 50% of the acreage has been reserved for landscaping. The luxury of wide open spaces, the lush green environment and the wide array of recreational facilities such as a swimming pool, jogging track, children's play area, a restaurant, gymnasium, laundry collection centre, a mini supermarket and a badminton court offer hours of relaxation for residents. Designed by the award-winning architects Design Consortium and constructed by Sanken Lanka, Trillium Residencies is an earthquake resistant structure built along international specifications with superior finishes.

Ceylon Biscuits Limited, manufacturers of Munchee biscuits, constructed a science building for Malwana - Yatihena Junior School and donated it to the school last week. Ceylon Biscuits Limited Director Shamali Weerasekera unveiling the commemorative plaque. Biyagama Divisional Education Director Renuka Edirisinghe and Principal Nalaka Bambarenda look on. Ceylon Biscuits Limited also donated scholarships to five students on that day. Malwana Group Correspondent - Mahanama Vithanage

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Luxury condo final phase to begin