what is CLND not disclosing

The sudden movement on CLND friday is possibly due to some information not disclosed yet. Is someone buying before information comes to the market ?

Watch out for UDA approval to start construction in the 7 acre land of CLND in Pettah which has not been taken into books yet though company has a 99 year lease. Approval has been pending for about 5 years.

Hopefully we will know in a few days. If approval has come they have to disclose.

Don't touch CLND..there is a bad news on the way...in addition competition for them is very high due to newly opened arcades like indendence arcade....

mdcpk1975 wrote:Don't touch CLND..there is a bad news on the way...in addition competition for them is very high due to newly opened arcades like indendence arcade....

Can you please enlighten us on this bad news ? Why secretive if you know it?

(From the Colombo land website)
The Pettah Commercial Development proposes a complete urban renewal to an area of Colombo that would have a dramatic impact not only on the site itself, but also on the surrounding urban landscape. Under phase 1 of the proposal, 49 commercial sites would be built facing the city streets. Each lot would have a front face that would interact with the city and a back lane for additional parking and servicing. The city streets would immediately be transformed by the new facade that would address pedestrian traffic and vehicular traffic alike. Such beautification would promote development in adjacent sites facing the road, with this development being a catalyst to a larger urban renewal in Pettah. Each site would be on a typical plot of 6 meters width and a length of 20 meters. On each site would be a building of four to five storeys and a semi basement accessed from a back lane. Each building would be built adjacent to each other, in a modernized rowhouse fashion. To avoid a wall like effect in such a linear development, plots would vary in heights. In addition, some of the buildings would have void decks to allow for view corridors, pedestrian circulation, and an opportunity for a city verandah for cafes, public seating and covered outdoor activities. Each building facade along the site would present an opportunity to project a unique identity. With options to combine sites, those who would have a need for larger spaces are accommodated.

A central parking podium would consist of 3 storeys and a semi basement which would house additional parking. In the next phase this podium site would be developed as a commercial site of a larger scale, such as a retail mall.

ahamed112 wrote:(From the Colombo land website)
The Pettah Commercial Development proposes a complete urban renewal to an area of Colombo that would have a dramatic impact not only on the site itself, but also on the surrounding urban landscape. Under phase 1 of the proposal, 49 commercial sites would be built facing the city streets. Each lot would have a front face that would interact with the city and a back lane for additional parking and servicing. The city streets would immediately be transformed by the new facade that would address pedestrian traffic and vehicular traffic alike. Such beautification would promote development in adjacent sites facing the road, with this development being a catalyst to a larger urban renewal in Pettah. Each site would be on a typical plot of 6 meters width and a length of 20 meters. On each site would be a building of four to five storeys and a semi basement accessed from a back lane. Each building would be built adjacent to each other, in a modernized rowhouse fashion. To avoid a wall like effect in such a linear development, plots would vary in heights. In addition, some of the buildings would have void decks to allow for view corridors, pedestrian circulation, and an opportunity for a city verandah for cafes, public seating and covered outdoor activities. Each building facade along the site would present an opportunity to project a unique identity. With options to combine sites, those who would have a need for larger spaces are accommodated.

A central parking podium would consist of 3 storeys and a semi basement which would house additional parking. In the next phase this podium site would be developed as a commercial site of a larger scale, such as a retail mall.

max..

hettihewa wrote:

mdcpk1975 wrote:Don't touch CLND..there is a bad news on the way...in addition competition for them is very high due to newly opened arcades like indendence arcade....

Can you please enlighten us on this bad news ? Why secretive if you know it?

Looks like I missed the bus today thanks to your advice....