Sri Lanka’s Macksons Holdings launches first mixed development project in Colombo - Opportunity Sri Lanka
Sri Lanka’s Macksons Holdings launches first mixed development project in Colombo

Sri Lanka’s Macksons Holdings launches first mixed development project in Colombo

The first mixed development project by Sri Lanka’s Macksons Holdings, which is Macksons Tower by Macksons Developers, was recently launched in the city of Colombo.
Situated at 12, Alfred House Gardens, Colombo 3, the property offers retail and office space with ample parking, thereby providing all required facilities at a convenient location and the soft opening was held in the presence of Macksons Holdings Chairman Milfer Makeen, Macksons Holdings Managing Director Mizver Makeen, and Macksons Developers Director/CEO Ranga Goonawardena, local media reports stated.
According to reports, Macksons Tower consists of 19 levels, which is a total area of 100,000 square feet; from this area 70,000 square feet is rentable space.
As a mixed development project, the property has three levels of car park, retail space and nine floors of office space with a restaurant on the rooftop, which has two levels with beautiful panoramic views, report further stated.

Local media reports also stated that designed by renowned Sri Lanka architect, Priyantha Prematilake, the building design focuses on a green concept with in-built energy saving mechanisms. Solar powered renewable energy is used to power the building, together with the use of ‘Low E’, energy efficient glass, which reduces the heat thereby increasing the efficiency of the air conditioning. The interiors are spacious and beautiful with all required facilities provided for the smooth functioning of an office. Furthermore, due to its green concept there is also the provision to work within the office spaces without air conditioning.
Macksons Developers Director/CEO Goonawardena has been quoted as saying, “There are so many advantages; we provide many facilities within the building itself and we are located in Central Colombo.” Due to its convenient location people can travel to Macksons Tower in their own transport or public transport. Though parking is a main issue in Colombo, the building provides ample parking space, and many free spaces are available for parking in the vicinity as well. For those travelling by public transport, Galle Road and Duplication Road as well as the Bambalapitiya and Colpetty railway stations are within walking distance.
Macksons Towers will offer co-working spaces on two floors. The emphasis is to provide support to businesses so that they are not burdened by rentals, thus both parties will be able to benefit through the process.

“We have an advantage because we completed the project, while new construction projects have not been initiated in the past year. Therefore, we have a small lead. As a Group we are very positive about the market and we will continue to make investments in property development,” Goonawardena has added.

OSL take:

Sri Lanka’s development programme that was temporarily halted during the global Covid 19 pandemic lockdown have now recommenced and in full force. The country’s economy has shown great resilience to external and internal challenges through the years and is already showing strong signs of returning to normalcy after facing the impact of the global Covid 19 pandemic. This is evident by the many development projects being launched by Sri Lanka’s private sector. The island is fast becoming a business hub in the South Asian region given its geographical positioning in the Indian Ocean and the many trade agreements as well as the trade concessions enjoyed by the country. Foreign businesses/investors could therefore explore opportunities in Sri Lanka.

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Article Code : VBS/AT/24032021/Z_1

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