Japan’s Belluna marks decade of investment in Sri Lanka
Daily FT: Now functioning as an independent entity in Sri Lanka, Belluna Lanka has said it is upholding its long-term dedication to growth and investment in the country.
As a fully owned subsidiary of Belluna Co. Ltd., Japan, a company with over 50 years of global experience in various industries and listed on the Tokyo Stock Exchange, Belluna Lanka benefits from the parent company’s strong foundation of financial stability, international recognition, and successful ventures.
Building on this legacy, Belluna Lanka now serves as the group’s strategic base in South Asia, with Sri Lanka at the heart of its regional vision. Belluna Co. Ltd. has established itself as a pioneer in real estate, hospitality, and services with a strong global presence and a proven track record of profitable endeavours. It shapes innovative investments that promote sustainable economic growth.
All investments made by Belluna Lanka have been fully self-financed from Japan, demonstrating the company’s strong financial foundation and commitment to sustainable expansion.
Over the past decade, Belluna Lanka has made a name for itself in Sri Lanka’s investment landscape, concentrating on strategic expansion in critical sectors. The organisation’s goal is firmly anchored in Belluna’s vision of enriching lives, creating environments and experiences that respect the country’s rich heritage, and developing potential while fostering its long-term prosperity. Belluna Lanka is supporting Sri Lanka’s economic goals by positioning the country as a global leader in development and hospitality through carefully curated investments. Belluna Lanka’s commitment is reflected in a diverse and growing portfolio, with a total regional investment exceeding $ 200 million (approximately Rs. 60 billion) to date – the majority of which has been directed toward projects within Sri Lanka. As Belluna’s strategic base in South Asia, Belluna Lanka continues to lead the group’s regional presence with Sri Lanka as its foundation, while also extending its footprint through considered developments in nearby markets.
Granbell Colombo and Le Grand Galle, two of its premier hospitality ventures, offer distinctive experiences that honour the natural and cultural beauty of Sri Lanka by skilfully blending Japanese minimalism with time-honoured Sri Lankan craftsmanship. Belluna Lanka also owns The Westin Maldives, a prestigious property managed by Marriott International, completed in 2018, a reflection of Belluna’s broader regional vision. In the real estate sector, Belluna Lanka has made notable strides with developments such as 447 Luna Tower, located in Cinnamon Gardens. Thoughtfully designed for those who seek a quieter kind of luxury, Luna offers a sense of privacy and refinement, where luxury is found in understatement. The company also holds a prime property in Colombo 3 on D.R. Wijewardene Mawatha, earmarked for development aligned with Sri Lanka’s urban growth ambitions.
Belluna Co. Ltd., Japan Director Hiroshi Yasuno emphasised the company’s enduring commitment, stating: “Improving lives through long-term dedication and thoughtful investments has always been Belluna’s mission. Belluna Lanka, as our strategic base in South Asia, carries this vision forward with Sri Lanka at its heart. We remain deeply invested in the country’s potential and continue to design environments and experiences that are both sustainable and transformative by fusing Japanese design philosophy with Sri Lanka’s creativity, warmth, and ingenuity. In addition to expanding, we want to do it with purpose, making sure that each project embodies our values of integrity, sustainability, and a profound regard for the communities we serve.”
OSL take:
The success of Japan’s Belluna in Sri Lanka like many other foreign businesses that have set up operations in the country indicate the business conducive environment in the country. Many foreign businesses operating in the country have shown a steady growth and profits that indicate the overall economic resilience and growth in the country. Sri Lanka’s strategic positioning in the Indian Ocean to the strong trade ties with other countries and the target of becoming a regional hub have all supported the country’s growing as an emerging business destination in the region. The overall economic expansion recorded by the country and the resultant expansion of business/investment opportunities present many lucrative business ventures to foreign businesses/investors. With all these developments, foreign businesses/investors could confidently look at setting up bases in Sri Lanka to engage with the region while also looking at expanding operations through local collaborations.
| Article Code : | VBS/AT/20250429/Z_4 |