would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc.. 
Home
November 19, 2011, 4:19 pm
The developers of Havelock City, one of Colombo’s plushest new residential condominiums where 226 units in two towers have been almost sold out and two more residential towers are under construction, are gearing to begin building an up-market shopping mall and office accommodation with construction due to begin next year.
"We envisage an investment of USD 150 million on the mall,’’ Mr. Pravir Samarasinghe, CEO of Overseas Realty, leading the development said. ``It will be something like what you see in Singapore at present.’’
Samarasinghe said that slightly over 25% of the new residential complex, also comprising two towers, has already been sold. This property is being marketed at USD 200 a square foot against the USD 160 per square foot price at which the first two towers were sold three years ago.
He was confident that there will be takers for the shop and office space that is being developed, noting that the World Trade Center in Colombo Fort, owned by Overseas Realty, is currently enjoying 95 percent occupancy.
Given the pace of the country’s development, the expected influx of tourists and other positive features, there would be a great demand for both shop and office space by the time the new construction is completed, he said.
The owners said that ``shopping and entertainment as you know it is bound to change’’ with the completing of the country’s largest and most modern shopping mall.
Designed by internationally renowned architects, there will be six retail floors to provide a ``one-of-a-kind vibrant experience of shopping and entertainment,’’ the developers said.
High-end retail outlets and brands both local and international will be made available ranging from designer boutiques to department stores. Fashion, perfumeries, toys, household goods, supermarkets, electronics and appliances are just a few of what will be spread over the retail floors.
Fine or casual dining options will be available at the restaurants and food courts and a plush multiplex cinema will provide a host of different movies to choose from.
In creating a ‘city within a city’ spanning on 17 acres of prime land in the heart of Colombo, the mall is developed under the commercial wing of Havelock City. Apart from the shopping mall the commercial complex would also consist of two towers of office space on 20 levels each.
As the largest mixed development in Sri Lanka, Havelock City entails 1,080 luxury condominiums across eight residential towers. With the finalizing of the schematic designs, the shopping complex that is not second to any other upscale international mall will see construction begin in early 2012.
Samarasinghe affirmed that similar to WTC, still a decade ahead of its time and offerings and the only ‘intelligent’ building in the country, the new shopping mall too is designed to be ultramodern and a forerunner amidst Sri Lanka’s envisaged malls in the foreseeable future.
Similar to the WTC, the towers would offer world class office space, thus consolidating Overseas Realty as Sri Lanka’s largest office space provider. Three separate floors on the low block would be specifically designed to support BPO and IT enabled services; a fast developing sector in Sri Lanka.
"Hence the world class mall and the towers of office space have been designed taking into consideration the rapid economic expansion and the steadily increasing influx of tourists and investment in the country. Havelock City will directly help the government’s vision of making Colombo a renowned commercial and tourist city,’’ the developers said.
http://www.island.lk/index.php?page_cat=article-details&page=article-details&code_title=39409
The developers of Havelock City, one of Colombo’s plushest new residential condominiums where 226 units in two towers have been almost sold out and two more residential towers are under construction, are gearing to begin building an up-market shopping mall and office accommodation with construction due to begin next year.
"We envisage an investment of USD 150 million on the mall,’’ Mr. Pravir Samarasinghe, CEO of Overseas Realty, leading the development said. ``It will be something like what you see in Singapore at present.’’
Samarasinghe said that slightly over 25% of the new residential complex, also comprising two towers, has already been sold. This property is being marketed at USD 200 a square foot against the USD 160 per square foot price at which the first two towers were sold three years ago.
He was confident that there will be takers for the shop and office space that is being developed, noting that the World Trade Center in Colombo Fort, owned by Overseas Realty, is currently enjoying 95 percent occupancy.
Given the pace of the country’s development, the expected influx of tourists and other positive features, there would be a great demand for both shop and office space by the time the new construction is completed, he said.
The owners said that ``shopping and entertainment as you know it is bound to change’’ with the completing of the country’s largest and most modern shopping mall.
Designed by internationally renowned architects, there will be six retail floors to provide a ``one-of-a-kind vibrant experience of shopping and entertainment,’’ the developers said.
High-end retail outlets and brands both local and international will be made available ranging from designer boutiques to department stores. Fashion, perfumeries, toys, household goods, supermarkets, electronics and appliances are just a few of what will be spread over the retail floors.
Fine or casual dining options will be available at the restaurants and food courts and a plush multiplex cinema will provide a host of different movies to choose from.
In creating a ‘city within a city’ spanning on 17 acres of prime land in the heart of Colombo, the mall is developed under the commercial wing of Havelock City. Apart from the shopping mall the commercial complex would also consist of two towers of office space on 20 levels each.
As the largest mixed development in Sri Lanka, Havelock City entails 1,080 luxury condominiums across eight residential towers. With the finalizing of the schematic designs, the shopping complex that is not second to any other upscale international mall will see construction begin in early 2012.
Samarasinghe affirmed that similar to WTC, still a decade ahead of its time and offerings and the only ‘intelligent’ building in the country, the new shopping mall too is designed to be ultramodern and a forerunner amidst Sri Lanka’s envisaged malls in the foreseeable future.
Similar to the WTC, the towers would offer world class office space, thus consolidating Overseas Realty as Sri Lanka’s largest office space provider. Three separate floors on the low block would be specifically designed to support BPO and IT enabled services; a fast developing sector in Sri Lanka.
"Hence the world class mall and the towers of office space have been designed taking into consideration the rapid economic expansion and the steadily increasing influx of tourists and investment in the country. Havelock City will directly help the government’s vision of making Colombo a renowned commercial and tourist city,’’ the developers said.
http://www.island.lk/index.php?page_cat=article-details&page=article-details&code_title=39409
