Sri Lanka’s tallest building – The One – to commence construction next year
The constriction of Sri Lanka’s tallest building, the 92 story commercial and residential tower of The One Transworks Square (Pvt) Ltd is to commence next year and would be completed in three years, Chief Executive Officer and Director of The One Transworks Square, Janaki Siriwardana has been quoted as saying in the local media.
When completed it would be among the top six tallest buildings in South Asia, Sri Lanka’s state owned English, Daily News has stated.
Siriwardana has further told the media that The One Transworks Square (Pvt) Ltd was also placed among Asia’s finest real estate players at the PropertyGuru Asia Property Awards 2019 held in Bangkok when it secured the title, ‘Best Mixed Use Development (Asia).’
This was for ‘The One’ state of the art design and on time delivery for its towers.
“The One project beat eight other nominees from Australia, China, Malaysia, Hong Kong, Thailand, Philippines and Myanmar. The 80 storeyed 326 meter Ritz-Carlton Tower will house the Ritz-Carlton Hotel and Residences and this tower has reached 42 floors which means 20% of work has been completed and would be opened in 2021 December. The second tower, which stands at 310 meters and covers 77 floors, will house the JW Marriott Hotel and Residences and 5% of this has been completed.
The total investment for the project is US$ 560 million and around US$ 180 million has been invested so far.
“It’s truly an honour to be recognised for the work that we do. This award is a testimony of our commitment and teamwork to excellence in luxury real estate. The One – Sri Lanka will redefine the city of Colombo and help position the country as a must go destination for the business and leisure traveller and we’re incredibly proud to bring this award to Sri Lanka,” Chief Marketing Officer of The One Transworks Square, Jaideep Wahi has said.
Meanwhile, Director CEO of The One Transworks Square Prof. Chitra Weddikkara has said that Chinese and Sri Lankan architecture and design has been blended in all three towers.
OSL take:
The ongoing development programme of Sri Lanka would undoubtedly place Sri Lanka at the top of business destination in the South Asian region. Sri Lanka’s geographical positioning in the Indian Ocean, the ease of doing business environment in the country and the many trade agreements as well as trade concessions enjoyed by the country have made it an attractive business destination in the South Asian region. The economic policies of the government of Sri Lanka and the incentives offered to foreign businesses/investors would give a further boost to Sri Lanka’s image as a business destination in the region.
| Article Code : | VBS/AT/17122019/Z_3 |