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SAITM building & land advertised for sale
The management of the South Asian Institute of Technology and Medicine (SAITM) in Malabe has posted an advertisement on a website under the Commercial Property section yesterday (13) to sell its building and the land for a value of Rs. 3.5 billion.
Under the description, it says ‘3 Acre;1 Root; 38 Perches land in Malabe ideal for university or international school. Two complete, five- story building with one incomplete building with elevator facilities to the top floor and an auditorium that can accommodate 600 attendees.'
The Daily Mirror learnt that the management of the institution is reportedly hoping to construct a hospital in another location after selling the building and the land.
The SAITM authorities were reported to have been planning to sell off its assets to settle its loans.
SAITM was miring in controversy after the Government Medical Officers Association (GMOA) protested against private medical education. (Sheain Fernandopulle)
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