Sri Lanka’s Prime awards The Colombo Border contract to Sanken
The Morning: Prime Lands Residencies PLC announced that it awarded the construction contract for its landmark development, ‘The Colombo Border’, to Sanken Construction (Pvt) Ltd.
The luxury residential real estate will feature a combination of spacious two- and three-bedroom apartments, along with limited four-bedroom duplex penthouses.
Residents can look forward to the latest design, world-class amenities, and modern architecture that promise to support the elegant lifestyles of young professionals. The residential project comprises three towers, of which the Brielle Tower will be built by Sanken Construction.
Set amidst a six-and-a-half acre plot, five acres are dedicated to open, green spaces.
Prime Lands Residencies PLC Chairperson Sandamini Perera said: “In selecting Sanken Construction for The Colombo Border, we sought a partner who aligns with our vision of excellence and high standards. Sanken’s reputation for quality and precision assures us that The Colombo Border will set a new benchmark in luxury living, offering residents a distinguished experience with modern comforts.”
Sanken Construction (Pvt) Ltd. Managing Director Eng. Maj. Ranjith Gunatilleke said: “We are privileged to join hands with Prime Lands Residencies for The Colombo Border. At Sanken, we strive to surpass expectations on every project, and we are excited to bring our expertise to this development, enriching Colombo’s urban landscape with a truly remarkable addition.”
The Colombo Border is set for completion by 2027 as the piling of the project is now complete, and the superstructure works are underway.
OSL take:
The ongoing economic activities and the overall economic expansion in Sri Lanka has resulted in the expansion of many economic sectors in the country. Key among these sectors witnessing expansion is the construction as well as house and property sectors. The increasing number of housing development projects and the increasing prices of lands in the country’s commercial capital – Colombo – are all indicative of the increasing business/investment opportunities in Sri Lanka’s construction, house and property industries. The increase in luxury residential projects in Colombo is a clear indication of the increasing business/investment opportunities in the construction, house and property sectors. Given the increasing business potential in these sectors, foreign businesses/investors could confidently explore the opportunities in the construction, house and property sectors. These opportunities would witness a steady growth with Sri Lanka working towards becoming a hub in the South Asian region.
| Article Code : | VBS/AT/27112024/Z_1 |