Global tech giant HCL to take up 80% of ‘The Offices’ at Sri Lanka’s Cinnamon Life
Leading global technology company HCL Technologies has reportedly chosen Colombo’s newest state-of-the-art office tower, ‘The Offices’ at Cinnamon Life, as the hub for its growth drive in Sri Lanka.
Cinnamon Life is the first A-grade office tower in Colombo to attract a leading multinational company to occupy a majority of available office spaces within its premises, according to local media reports.
HCL Technologies has reportedly entered into an agreement with John Keells Holding (JKH) to occupy over 80% of the space in the 30-storey Grade-A office building.
HCL’s commitment as the anchor office tenant at Cinnamon Life adds immense value to the integrated mixed development project as a whole, as the office spaces are poised to attract a dynamic local and expatriate workforce, the Daily FT has stated.
The international company’s commitment and growth drive in Sri Lanka are also reflective of the long-term business resilience of Colombo’s ascent as a commercial hub in South Asia.
For HCL, Cinnamon Life’s prime location, wide-ranging facilities and emphasis on utmost quality proved to be a winning combination, local media reports stated.
“The state-of-the-art office space from Cinnamon Life is the perfect blend for HCL’s growth plans in Sri Lanka,” HCL Technologies Corporate Vice President Srimathi Shivashankar has been quoted as saying. “Being at the heart of Colombo, this iconic signature structure is a reflection of HCL as a next-generation global technology company that is constantly reimagining business for a digital age.”
HCL Technologies Global Development Centre in Sri Lanka was officially inaugurated by Sri Lanka’s Prime Minister Mahinda Rajapaksa and Indian High Commissioner to Sri Lanka Gopal Baglay in September 2020.
Since then, it continues to work to place Sri Lanka on the global map as the preferred delivery centre for Fortune 500 clients across diverse industry verticals.
“We are looking forward to hosting HCL, one of the world’s leading technology companies, at Cinnamon Life, and to providing them a platform for growth over the coming years. HCL’s commitment to anchor its offices at Cinnamon Life is a testament to the long-term vision we had when we launched this ambitious project. With the full development including the hotel and mall slated for opening next year, we expect that Cinnamon Life will position Colombo as the leisure, entertainment, and retail epicentre of the South Asian region,” John Keells Holdings Chairman Krishan Balendra has been quoted as saying.
OSL take:
Sri Lanka is emerging as a business destination in the South Asian region given its geographical positioning in the Indian ocean and the many trade agreements as well as trade concessions enjoyed by the country. The country’s ongoing development programme has also supported Sri Lanka’s economic expansion. All these economic developments have resulted in an increase in attention on Sri Lanka with foreign businesses/investors exploring the growing business/investment opportunities in the island. Foreign businesses/investors are also looking at setting up base in Sri Lanka as well as form partnerships/joint ventures with local businesses in order to engage with other countries in the region.
| Article Code : | VBS/AT/06082021/Z_7 |