Sanken Group’s flagship venture in Sri Lanka forges forwards ahead of schedule
The flagship venture of the Sanken Group in Sri Lanka, Capitol TwinPeaks, which is located on the Beira Lakefront in Colombo 2, is reportedly forging forward ahead of schedule with 35 floors completed to ensure timely delivery of their investment for maximum profitability.
The Sanken Group has stated that the twin 50-storey skyscrapers feature green spaces, common areas and residential spaces, overlooking views of the city scape, Beira Lake, Indian Ocean and Lotus Tower.
“The group continues to do its utmost to deliver on time, and in full, as Capitol TwinPeaks continues to become an investment goldmine,” Chairman of Sanken Group, Mahen Weerasekera has been quoted as saying in the local media.
“Timely delivery is imperative in order to ensure maximum profitability for our residents and investors. Location, timely delivery and quality of product are at the apex of importance for ensuring return on investment, primarily in a developing real estate market such as Sri Lanka.”
With over 50 percent of the 438 units of 2, 3, 4 and 5 bedroom apartments already sold, Capitol TwinPeaks is widely expected to pull in high rental yields and capital gains, upon completion in 2020, Sanken has stated.
OSL take:
Sanken Group’s flagship project nearing its completion and the sale of around 50 percent of the apartment units in the twin towers is an encouraging sign for the construction sector given the continuous demand for apartments/residential units in the heart of Sri Lanka’s commercial capital, Colombo. Apart from investing in the house and property sector in Sri Lanka, foreign businesses/investors could explore opportunities in joining with local construction companies to launch development projects in Sri Lanka by expanding in to other key urban areas in the country.
| Article Code : | VBS/AT/24012019/Z_4 |