Commercial City Complex development

Commercial City Complex development

The ribbon development, spreading along the Galle Road starting from the Commercial hub
of Colomlo has been provided with a convenient vent by the Galle road for the commercial
activities to sprawl.

This growth scenario will continue for the next 10 years depending on the tourism development plan of the Country. Therefore, demand for more hotel rooms will be expected in the near future.

• Option A-Development of a 30 storied commercial cum condominium housing complex
• Option B-Development of a 30 storied commercial cum hotel complex together with service apartments.

Funding allotment:
Issue of debentures……………………………..55.6%
Presale of commercial space………………..40.0%
Credit facility from institution………………04.04%
Total…………………………………………………..100.00%

The proposed development at this site needs clearances from the following Government
Agencies.
1. Ceylon Electricity Board (CEB)
2. Sri Lanka Telecom (SLT)
3. National Water Supply and Drainage Board (NWSDB)
4. Sri Lanka land Reclamation and Development Corporation (SWR & DC) regarding possible underground storm water drains.
5. Department of Civil Aviation

The floor area ratio applicable is unlimited
• PIot coverage 2,469 m2
• Number of floors permissible will include Basement, Ground plus 29 upper floors.
• Half of Ground floor, Basement floor and 4 upper floors could be reserved for parking spaces.
• Minimum site frontage 40 meters
• Minimum road width 15 meters
• Rear Space 10 meters
• Front Space 6.5 meters
• Both Side Space 6 meters
• Plot coverage for residential or commercial Apartment 50%
• Vehicle Parking Space required should be computed depending on the proposed uses in the floors.
• Stand-by generator should be provided with a sufficient capacity.

OSL Take:

Interested parties could talk to the biz-friendly OSL Team for the complete investment proposal presentation via a booking through the OSL website.

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SECTOR : Construction & infrastructure
OPPORTUNITY CODE : VBS/OP/25072016/X-1

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