Over 40% rise in paper price hits local corrugated carton manufacturers hard

In a critical setback to corrugated carton manufacturers, prices of paper have risen by 40 per cent over the past 7 months due to short supply, following unexpected closure of production units. Trade sources say that the paper prices are likely to have risen the highest in any time.

President’s Chief of Staff visits Port City Colombo

President Maithripala Sirisena’s Chief of Staff Ranjan Dharmawardena went on an observation tour of the Port City Colombo project site last week.

Seventeen Golden Wheelbarrows up for grabs at National Skyline Awards

An honors-board that recognizes the most outstanding real estate and infrastructure developments in Sri Lanka and their initiators gets off the ground with on-line entries for Sri Lanka Skyline Awards are  now open.

Colombo land prices up 36% last year

Land values in Colombo are growing at a remarkable rate, a recent study has found. According to the National House Price Index maintained by LankaPropertyWeb.com, average land prices in Colombo has increased by 36 percent within the last year alone, making it the biggest increase in the real estate sector

Sri Lanka to hold its own PropertyGuru Asia Property Awards

Sri Lanka will once again be showcased on an international platform with PropertyGuru, Asia’s foremost online property company, announcing the local development space having a standalone event to project its capabilities.

Fair Lands brings Templers Court from Homagama

Fair Lands, heading with the prime objective to entrust ownership to a land, incorporating value that exceeds the expense you bear, has been able to win the people’s trust in the country’s lands trading. Fair Lands espouses another fascinating set of plots titled  Templers Court. 

Gnanam Academy holds certificate awarding ceremony

The eighth Certificate Awarding Ceremony of the A.Y.S. Gnanam Construction Training Academy was held recently in Dambulla.  

Vision Care holds Optometry Day 2017

Continuing its pioneering efforts to build a robust platform for optometrists across the nation, Sri Lanka’s premier eye care solutions provider Vision Care Optical services (Pvt.) Ltd held its Optometry Day and 8th Annual Scientific Sessions in grand style recently at Galle Face Hotel Colombo.

Cinnamon Future of Tourism 2017 concludes on high note

Cinnamon Future of Tourism Summit 2017 was held under the theme ‘Technology, Innovation and Authenticity’ in Colombo on September 26 in Colombo.

Botanicoir steers Sri Lanka’s coconut substrate industry through innovation

Taking significant strides in promoting value added Sri Lankan export products, Botanicoir, a premier Sri Lankan coco-peat manufacturer and supplier of high-quality and innovative coir products to the UK and global market.

Eastern Brokers Limited sets all time record for Kirklees Estate

At the Colombo Tea Auction held on 20th September, Kirklees Estate achieved yet another all time record Price of Rs.730 per kg for a Dust No.1 Grade in the Uda Pussellawa category.

Sadaharitha Plantations’ thriving export business relocates to Maharagama

Sadaharitha Plantations re-located its thriving export business, Sadaharitha Agri Farms and Exporters (Pvt.) Ltd (SAFE) to a more convenient location in Maharagama recently, demonstrating that diversifying has strengthened the business and brings much needed foreign exchange into the country.

Plantation Industries Ministry to launch US$100 million loan scheme

Addressing the 27th AGM of the Sri Lanka Tea Factory Owners Association (SLTFOA), the Plantation Industries Minister Navin Dissanayake announced that the ministry is expecting to launch the loan scheme worth of US$100 million from Japan including Japanese government in December or early January next year.

Landmark introduces novel property concepts

 Landmark Developers Holding (Pvt) Ltd, a recent player in the highly lucrative Sri Lankan property market is introducing fresh concepts and ideas stemming from a young and passionate team of professionals. 

MHDL kicks-off ‘Heights Colombo 05’ high-rise project

Millennium Housing Developers PLC (MHDL), Sri Lanka’s leading township developer recently announced the commencement of its latest high-rise residential development project ‘Heights Colombo 05’.

ITC One Colombo One on fast track

A large pour of concrete of quantum 5500 cubic meter is done for the hotel tower raft at ITC One Colombo One project located adjacent to the Taj Samudra hotel, Colombo-01 starting on 29th September. 

INSEE Cement lays foundation for Galle’s first vertical cement grinding plant

Entering an important new phase in the company’s history, INSEE Cement laid the foundation stone and commenced building a US $ 14 million vertical cement grinding plant in  Galle recently.

CCC wins CMO Asia ‘Most Promising Mixed-Use Development’ Award

Colombo City Centre (CCC), an upcoming mixed-use venture developed by the Abans group in collaboration with SilverNeedle Hospitality, attained the illustrious award for ‘Most Promising Mixed-Use Development’, at the eighth annual CMO Asia Awards 2017, which was recently held at Le Meridien, Sentosa, Singapore.

Dynasty Residence achieves LEED certification

GVR has set a new standard in the development of luxury residential buildings in Sri Lanka by integrating environmentally friendly and sustainable features into its Dynasty Residence in Kandy. 

Walkers CML Properties unveils ‘Grace’ in Nugegoda

Walkers CML Properties (Private) Limited, a fully-owned subsidiary of MTD Walkers PLC, unveils its latest upper-middle-income housing project ‘Grace’, in Nugegoda.

JAT breaks ground at ‘96 Residencies’

Following the success of its two previous projects, 77th on 4th, Nawala and Forest Hill Villas, Amunugama, JAT Property Group, a vertical of JAT Holdings, broke ground on its third development project, ‘96 Residencies’, in Pagoda, Nugegoda.

Altair links to world with Dialog Broadband Fibre

The residents of Altair, the inimitable twin tower residential high-rise nearing completion, are to be provided ‘fibre-to-home’ – a state-of-the-art high-speed fibre connectivity solution by Dialog Broadband Networks, under an agreement ratified recently.

My Property unveils luxury condominium developments in Negombo, Battaramulla

My Property (Pvt.) Ltd unveiled the development of two sensational condominium projects – luxurious ‘333 Pinnacle’ in Negombo and trendy and urban ‘Elektra’ in Battaramulla, at a media conference held at Cinnamon Grand Colombo recently

Access Engineering re-draws capital city’s skyline with Capital Heights

Construction of the 242-unit ‘Capital Heights’ luxury apartment project commenced on 18th September 2017, when Blue Star Realty (Pvt.) Ltd, a member of Access Engineering PLC, formally received China State Construction Engineering Corporation Ltd (CSCEC) to the site on Buthgamuwa Road, Rajagiriya.

Connecting new city with old historic city of Colombo

In selecting the winner of the recently held Urban Design Idea Competition by the CHEC Port City Colombo, the judges looked for more than just the creation of iconic buildings.

Capitol TwinPeaks model apartment now open

Capitol Developers, the company developing the iconic Capitol TwinPeaks has unveiled its model apartment to the public for viewing.

Colombo Property Show concludes on high note

The inaugural Colombo Property Show was held in grand style and concluded successfully during the last weekend 9th and 10th of September, at the Berjaya Colombo Hotel. 

JLL calls for re-evaluation of regulatory and legal mechanisms for introduction of REITs

Global real-estate consulting powerhouse Jones Lang LaSalle (JLL) called for a re-evaluation of the regulatory and legal mechanisms around Real Estate Investment Trusts (REITs) as a vital first step towards their introduction into the domestic market.

Buildcon 2017 and Sri Lanka Wood 2017 held in Colombo

Showcraft International (Pvt.) Ltd in collaboration with Futurex Trade Fair and Events (Pvt.) Ltd, leaders in organizing trade fairs, promotions, organized the sixth Sri Lanka Buildcon International Expo and fifth Sri Lanka Wood International Expo 2017 from 8th - 10th September, at BMICH, Colombo.

AVIC powers Investor Forum 2017 as Gold Sponsor

AVIC International Holding Corporation, a subsidiary of the Aviation Industry Corporation of China (AVIC) and a Global 500 company, was proudly acknowledged as part of an influential initiative, Investor Forum 2017 which took place on 30th August, at The Kingsbury Hotel, Colombo.