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China Harbour Engineering Company to build seven star luxury apartments in Sri Lanka

China Harbour Engineering Company to build seven star luxury apartments in Sri Lanka

China Harbour Engineering Company Ltd. (CHEC) has reportedly entered into an agreement with the Sri Lankan real estate company, Blue Mountain to build Achilleion, which is deemed as a seven star luxury project.
Following is the news release issued by Blue Mountain Apartments announcing the agreement reached with CHEC:
“In a historic move, Sri Lanka’s real estate major, Blue Mountain, has signed an agreement with China Harbour Engineering Company Ltd. (CHEC) to build Achilleion, its Seven Star Luxury Project, which will be a landmark development in the country and the South Asian region.
Currently, CHEC operates in over 80 countries around the world and in Sri Lanka is responsible for building the eagerly awaited Port City project. By coming onboard the iconic Achilleion project, CHEC is affirming the credentials of the project and the vision of Blue Mountain.
Located in the heart of Colombo 4, Achilleion is set to make an iconic appearance on Colombo’s skyline and will feature all-new levels of seven star luxury and innovation.
The 50-storey twin tower apartment complex will consist of 584 luxury units of one, two or three bedroom apartments, duplexes and penthouses with more than 85% of the apartments enjoying glorious view of the Indian Ocean.
Achilleion has already won three international awards already, including the best ‘Luxury Show Apartment’ at the prestigious Asia Pacific Property Awards 2016/2017, for its breath-taking show apartment which was located onsite to enable prospective buyers. With an investment of Rs. 300 million, Achilleion’s show apartment, which was built at 100 feet above sea-level, was the world’s tallest purpose-built, stand-alone show apartment.
Having the global giant CHEC as construction partner adds infinite value and influence to the project, thus making it a reality soon for existing and potential investors. This state-of-the-art complex will also feature Sri Lanka’s first-ever sky bridge, the tallest sky restaurant by sea and an infinity pool, which will offer breath-taking views of the Indian Ocean and the vibrant Marine Drive stretch. Other facilities include a 24-hour medical centre – the first of its kind to operate in a private residential complex, a comprehensive library and a private theatre. Residents can revel in unimaginable luxury with access to a rooftop helipad and a private helicopter for their use coupled with a fleet of Limousines at their disposal.”

OSL take:

The agreement reached between CHEC and Sri Lanka’s Blue Mountain to construct seven star luxury apartments is yet another Chinese investment that will add to the continuously growing Chinese funded projects list in the island nation. This would be an encouraging sign for foreign businesses/investors looking at doing business in Sri Lanka to engage in their businesses without any worry. On the other hand, local companies could also look at these opportunities to seek partnerships with foreign companies/investors.

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Article Code : VBS/AT/02052018/Z_4

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