J W Capital Corporation Pty Ltd has through its Director Mr. Migara Jayasinghe and Property Alliance Capital Pty Ltd (Australia) facilitated the development of 6 acres of land at Sir. James Peiris Mawatha, Colombo Sri Lanka.
Construction of center-piece building and surrounding environment.
Initial development funding
Complete construction finance
Development of 6 acres of land at Sir. James Peiris Mawatha, Colombo Sri Lanka.
The development will on completion be worth in excess of US $600 million.
The development of this prime land in Colombo Sri Lanka is worth in excess of US $600 million. The details of the development and the information memorandum can be found at the offices of the UDA in Sri Lanka.
Information supplied courtesy of the official UDA web site http://www.uda.lk
The project will deliver an iconic development set within a mixed use environment providing commercial, retail, tourism, residential and car parking services to the city of Colombo.
Positioned centrally on the site and facing Sir James Pieris Mawatha and Beira Lake will rise a 45 storey commercial building, The Rice Exchange, flanked on the lakeside by twin residential apartment buildings, Signature and Watermark. On the north eastern side Prosperity Tower, a 30 storey commercial tower will be developed with a luxury retail shopping mall and restaurant tenancies at the podium level.
A 15 storey commercial building, Trade Wind Tower, will be constructed on the eastern side of the site with a 4 star hotel and 5 star serviced apartment tower, Silk Road, positioned opposite on the western side. A basement car park will service the residential apartments, the serviced apartments/hotel and the commercial tenancies as well as provide a public car parking facility. The entire precinct will be linked by a vibrant and engaging public plaza with vistas across Beira Lake.
This development will ensure the regeneration and revitalisation of this area and create a new and highly desirable address within Colombo.
An investment into Prosperity Place will provide an opportunity for the discerning to benefit and prosper from Sri Lanka's current period of economic resurgence.
Prosperity Place is set to become Colombo's most sought after corporate and residential address.
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