Torrington Colombo – Mixed Development Project
Currently, the property consists of 2.1662 hectares (05 Acres, 01 Rood, 16.44 perches) of prime land in
totality, approximately valued at USD 55mn.
It consists of 14 blocks, each block comprises 8 housing units where 112 residents reside.
The majority of the present House Owners have shown interest in accepting apartments in the new development, while the remaining House Owners will accept upfront cash equivalent to the value of their ownership.
The investor is required to design and build a modern condominium complex/ mixed development equipped with all amenities, utilities and recreation facilities for the use of residents combined with office and retail space.
The project location is a 35 km drive from the Bandaranaike International Airport and a 6 km drive from the Central Business District (CBD)
| LOCATION : | Colombo, Sri Lanka |
| SECTOR : | Real Estate |
| PROJECT VALUE : | USD 250 Mn as estimated |
| INVESTMENT TYPE : | EPC+F |
| RETURN ON INVESTMENT : | 20% |
| OPPORTUNITY CODE : | VBS/OP/04072022/0682/X_2 |