Sri Lanka’s Cinnamon Life reaches milestone in construction completing all towers and luxury hotel building
The Cinnamon Life project in Sri Lanka, which is considered as Colombo’s landmark, skyline-transforming development project has reportedly marked a key milestone in its construction this week, with the topping-off of all its towers as well as the luxurious 800-room Cinnamon Hotel building.
The completion has taken place with 21 million-man hours across 10 acres of land, local media reports stated.
The event was marked with a private in-house ceremony attended by John Keells Holdings (JKH) Chairman Krishan Balendra and Deputy Chairman Gihan Cooray.
According to reports, the announcement marks the completion of a series of successful developments at Cinnamon Life since construction commenced in 2014.
The ‘Suites Tower’ was topped off in December 2018; this was followed by the structural work of the ‘Residence Tower’ and ‘Office Tower’ being completed in April along with that of the hotel – a signature Cinnamon Hotels and Resorts property that will lead the brand’s portfolio of luxury hotels, reports further stated.
Officials have been quoted in the media as saying that Cinnamon Life’s integrated hotel and mixed-use development will offer the finest of inspired living within the city of Colombo.
Cinnamon Life is expected to be the hub for MICE (Meetings, Incentives, Conferences and Exhibitions) activities in Sri Lanka, especially attracting large scale MICE events from India.
The ‘Office Tower’ is a 30-storey A-grade workspace designed on a ‘shell and core concept’ with each floor consisting of a usable 10,564 Sq. Ft. area. The situational advantage of the office spaces combined with the inflow of MICE travelers is expected to bring in healthy demand for short to medium term rentals at the residential towers – ‘The Residence’ and ‘The Suites’ located on either side of the hotel.
JKH Property Group President Suresh Rajendra has been quoted as saying in the media, “We are very pleased to announce this key milestone in the development of Cinnamon Life with the completion of key structural work on this building. Now, Sri Lankans can truly behold the transformation this development brings to Colombo’s skyline. As the project is nearing completion it draws us closer to what will become the renewed standard of luxury and integrated living for this region. Cinnamon Life will redefine the Colombo experience for those that live here and those travelling here.”
OSL take:
The milestone recorded by Sri Lanka’s Cinnamon Life is indicative of the strength and growth of the country’s private sector. Also, the potential for economic expansion. Given Sri Lanka’s geographical positioning and the emergence of the Indian Ocean region as an economic power, foreign businesses could explore opportunities in setting up businesses in Sri Lanka as the hub in the Asian region.
| Article Code : | VBS/AT/31052019/Z_3 |