FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ 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..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ 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..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.
FINANCIAL CHRONICLE™

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka

LISTED COMPANIES

Submit Post



Poll

Can there be another Covid-19 wave in Sri Lanka?

JOHN KEELLS PROPERTIES IS REDEFINING THE PROPERTY MARKET Vote_lcap68%JOHN KEELLS PROPERTIES IS REDEFINING THE PROPERTY MARKET Vote_rcap 68% [ 178 ]
JOHN KEELLS PROPERTIES IS REDEFINING THE PROPERTY MARKET Vote_lcap18%JOHN KEELLS PROPERTIES IS REDEFINING THE PROPERTY MARKET Vote_rcap 18% [ 47 ]
JOHN KEELLS PROPERTIES IS REDEFINING THE PROPERTY MARKET Vote_lcap13%JOHN KEELLS PROPERTIES IS REDEFINING THE PROPERTY MARKET Vote_rcap 13% [ 35 ]

Total Votes : 260

STOCK MARKET TRAINING
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer



Latest topics

» Penny Stock Companies
by bkasun Today at 2:00 pm

» Omicron Vs Oil prices
by invest thinker Today at 1:34 pm

» Hidden Gem - GLAS - 40/- Soon
by invest thinker Today at 1:18 pm

» HSenid IPO
by abey Today at 12:31 pm

» Fundamental/Technical analysis & beyond ~CLC
by PhilT Today at 12:17 pm

» NAMU/WATA super gain
by Kaptivajkss Today at 11:37 am

» CEYLON GUARDIAN INVESTMENT TRUST PLC (GUAR)
by cheetah Today at 11:33 am

» Key Plantation Company Fair Values - KOTA, TPL and KVAL with very High Upside
by Kaptivajkss Today at 11:09 am

» LLUB comparison between 2016- 2021 Same EPS Trading at Huge discount
by Kaptivajkss Today at 11:04 am

» LOFC Direction
by PhilT Today at 10:58 am

» KZOO 32.8% Upside
by Swissinvest Today at 10:55 am

» LOLC waiting for LOFC 100+ and CLC 100+
by Swissinvest Today at 10:23 am

» LANKA REALTY INVESTMENTS PLC -ASCO
by D.G.Dayaratne Today at 7:10 am

» Bloodbath is Coming ? Correction is Coming ? අලුත් ගෲප් හදාගෙන අපි genuine කියලා එන පරණ මහත්(හොරුන්) වරුන් ගෙන් බේරෙන්න
by D.G.Dayaratne Today at 7:03 am

» BAIRAHA FARMS PLC (BFL.N0000)
by Pbv Yesterday at 9:33 pm

» TILE / LWL / RCL
by Thushara Ayya Yesterday at 5:16 pm

» Month end impact on LOFC and CLC
by Swissinvest Yesterday at 3:05 pm

» Water For All - CIND
by ErangaDS Yesterday at 2:20 pm

» U.S. inflation is one of the highest in the world
by ResearchMan Yesterday at 2:09 pm

» Oil Plummets
by ResearchMan Yesterday at 2:07 pm

EXPERT CHRONICLE™

MARKET CHAT


CHRONICLE™ ANALYTICS


ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

LATEST TWEETS

You are not connected. Please login or register

FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » JOHN KEELLS PROPERTIES IS REDEFINING THE PROPERTY MARKET

JOHN KEELLS PROPERTIES IS REDEFINING THE PROPERTY MARKET

Go down  Message [Page 1 of 1]

fireshelter

fireshelter
Associate Director - Equity Analytics
Associate Director - Equity Analytics

THE ICONIC CINNAMON LIFE MIXED DEVELOPMENT PROJECT COMPRISES OF AN 800-ROOMED FIVE-STAR HOTEL, 427 PREMIUM RESIDENTIAL UNITS, BANQUETING AND CONFERENCE SPACES TO ACCOMMODATE UP TO 5,000 GUESTS, A 30-STOREY STATE-OF-THE-ART OFFICE TOWER, MULTISTOREY SHOPPING MALL AND ENTERTAINMENT CENTRE; BUT IT’S MUCH MORE THAN THAT. CINNAMON LIFE HAS CREATED A NEW ASSET CLASS FOR SRI LANKA: OFFICE SPACES



Sri Lanka is at the cusp of an economic transformation. In a few years, per capita GDP will reach $6,000 from the current $4,000, leading to an uplift in consumer spending. As citizens become more affluent consumption related businesses from retail to healthcare, property and financial services will experience exponential growth. Investors will find Sri Lanka an attractive destination; but that’s not all.



Improving policy stability, the Colombo Port City development gaining traction, a burgeoning tech industry and deepening trade relationships with regional economies will heighten the appeal for investors and global talent.



John Keells Holdings, comprising 70 companies across a diverse range of sectors, is positioned to capture Sri Lanka’s next growth-wave. Cinnamon Life, a mixed-development resort in downtown Colombo is its flagship project.



JOHN KEELLS PROPERTIES IS REDEFINING THE PROPERTY MARKET Story-image__0024_John-Keels_Adertorial-300x169



Roshanie Jayasundera Moraes, John Keells Holding’s Executive Vice President and Chief Marketing Officer – Property Group, explains how Cinnamon Life is transforming Sri Lanka’s property market. Already, it’s opened new opportunities for investing in office spaces as an asset class.



John Keells Properties is taking the unconventional approach, for Sri Lanka at least, to position its Cinnamon Life office tower as an investment asset. What is the thinking behind this?
NEWSLETTER  

DAILY BRIEF

Economynext daily and weekly email newsletters covering the best of politics and policy.
SIGN UP





Jayasundera Moraes: We believe there’s a real opportunity here. Apartments, as an investible asset, dominate Sri Lanka’s, though nascent, high-rise property market. Office spaces are not hot assets that can be bought and traded. In Sri Lanka, commercial property developers lease out office spaces. The John Keells Group’s ambitious mixed development project Cinnamon Life has changed all that. We have created a market for office spaces as an asset with Cinnamon Life’s 30-story office building, which will be the first to come online in 2020.



Half the office tower’s capacity will be sold to potential investors while the rest will be leased. We can always sell more if there is demand. Before building commenced several years ago, there was acceptance among prospective investors and by local corporates which was very encouraging. We’ve already sold a few floors to local businesses and continue to generate interest. There’s been firm inquiries from multinationals with regional offices elsewhere. There are opportunities to attract regional offices to Sri Lanka because cities in places like Hong Kong, Singapore and even India are becoming too expensive. Colombo has what it takes to attract global talent. Thecity offers comfortable living and affordability compared to regional markets. Sri Lanka is the next miracle that’s waiting to happen. Tourism will boom. The Port City will transform Colombo’s business centre. The expat community will grow, and skilled Sri Lankans will return home. What that does to any consumer-related business and the economy is just phenomenal.



Sri Lanka has trade agreements and good relations with South Asia’s largest economies India, Pakistan and Bangladesh. This little island can potentially become what Singapore was to Southeast Asia or Hong Kong was to China. Now is the time for investors to join Sri Lanka’s growth trajectory and for multinationals to set up regional offices here while cost dynamics remain favourable with significant upside for returns.



What’s the outlook for Sri Lanka’s property market and what does that mean for Cinnamon Life?



Moraes: We are quite bullish about the property market, not just residential. We don’t believe there’s an oversupply of residential apartments because Colombo still lags behind other cities in the region in terms of urbanization. Cinnamon Life was conceived to plug into all these opportunities that will transform Sri Lanka’s economy. But we will also drive these transformations. John Keells Properties’ vision is to transform how people live in the city.



Since the 1970s, people left the city to live comfortably in the suburbs. Now, we see people coming back to the city. There’s an emerging middle and affluent class that want to live in Colombo where they also work. They want to school their kids where they live too. In Kuala Lumpur, over 70% of city dwellers live in high-rise apartments, in Mumbai that’s even higher. As Sri Lanka develops, more people will want to live in comfortable high-rises in the city. This was why we developed residential properties such as The Monarch, The Emperor, Onthree20 and 7th Sense and the ongoing projects Cinnamon Life and TRI-ZEN. Cinnamon Life will transform Colombo and become the centre of the city. We will make this happen by bringing in an 800-roomed five-star hotel, 427-unit premium residential apartments, a 30-storey office tower and a state-of-the-art shopping mall and a convention centre.



All these facilities and amenities will be within the complex, making it a truly integrated resort. At the current rate, tourism will grow at single digits each year. That’s not enough to realise the country’s potential. We need to attract conventions and events and have the space to accommodate foreign visitors several thousand at a time. There’s a growing MICE (meetings, conventions, incentives and entertainment) market in India that’s currently heading to Malaysia, Singapore, Thailand or Vietnam. Cinnamon Life will unlock that market for Sri Lanka.



Another factor is the Port City because investors and their teams will need a place to live. So, in the next five to ten years, there’s going to be demand even from the Port City in addition to tourism, expats and the rest of the market

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum