Sri Lanka’s Havelock City Commercial Complex to open in June, 40% already leased out
The Sunday Morning: Havelock City’s commercial complex, Mireka Capital Land (Pvt.) Ltd., which was expected to be opened in September 2021 after the completion of construction work in July 2021, is now scheduled to be inaugurated for occupation and the general public from June this year.
Speaking to The Sunday Morning, Overseas Realty (Ceylon) PLC Group Director and CEO Pravir Samarasinghe disclosed that the 50-storey commercial complex had successfully leased out 40% of office space whilst the adjoining large shopping mall had leased out 80% thus far.
“In June 2022, it will open for occupation and the public. We are currently working and discussing with others (potential tenants) to lease out the remaining spaces,” Samarasinghe shared.
He noted that the construction which was expected to be completed last year had been delayed due to islandwide lockdowns caused by the prevailing Covid-19 condition.
On 14 October 2020, DFCC Bank entered into an Rs. 9 billion revolving financing arrangement for the Havelock City Commercial Development Project, a fully-owned entity of Overseas Realty (Ceylon) and the owner of the World Trade Center (WTC) in Colombo.
With reference to the Mireka e-brochure, the design for this 50-storey office tower is a vertical embodiment of 600,000 sq. ft. of accessibility and functionality; an energy-efficient corporate environment equipped with modern luxuries and all amenities required for the smooth functioning of the business.
Mireka Tower will house premium, energy-efficient office space at the 18-acre Havelock City mixed-use development along with expansive, column-free, and light-filled offices, alongside cityscape views.
Meanwhile, commenting at the time of the press release, Samarasinghe asserted that the development’s design, build quality, facilities and services, and easy access to all of Colombo – either by car or Light Rail Transit (LRT) – ticked all the boxes required for prime office space.
“We are very confident that Mireka Tower will soon become the most sought-after commercial community in Sri Lanka,” he added.
OSL take:
Sri Lanka’s development programme has resulted in the development of the country’s real estate sector. The country’s geographical positioning in the Indian Ocean, the many trade agreements as well as concessions enjoyed by the country and the ease of doing business environment have all helped boost Sri Lanka’s attraction as a growing business destination in the South Asian region. All these have increased the value of Sri Lanka’s real estate sector resulting in growing opportunities in the country’s house and property sectors. The many construction projects being carried out in Colombo is an indication of the growing business potential in Sri Lanka’s house and property sectors. Foreign businesses/investors could therefore explore the growing opportunities in Sri Lanka’s house and property sectors.
| Article Code : | VBS/AT/17022022/Z_2 |