Positive investor interest for EOI floated by Colombo Lotus Tower

The Chinese-funded Colombo Lotus Tower, which has repeatedly come under much criticism for being non-operational for a long period since completion of its construction, has received positive responses from potential investors to set up ventures, a senior official said. 

Following the expression of interest (EOI) called by Colombo Lotus Tower Management Company from the second week of August, many investment proposals have been received from interested parties across diverse sectors. 

“We published a notice calling for EOI earlier this month and we see many businesses are interested in setting up operations at the tower. Applications have been received for different floors, which we will assess by the beginning of next month,” Colombo Lotus Tower Management Company CEO Major General (Rtd) Prasad Samarasinghe told Mirror Business.

The call for applications will close on August 31. 

Earlier this month, the management company of the tower called for potential investors to explore setting up establishments at the Tower House and Tower Base. 

In the Tower Base, plans are afoot to set up exclusive shops, food courts, photo booths and an exhibition gallery. 

The first and second floors are open for innovation centres, E-sports arena, 9D cinema, digital art museum, office space and special events area. 

The rooftop of the Tower Base will feature restaurants and leisure areas. 

Meanwhile, the Tower House will consist of an observation deck (seventh floor), six luxury rooms (sixth floor), revolving restaurant (fifth floor), banquet hall (fourth floor) and a sky lounge/banquet hall (third floor). 

The tower is also being promoted for photo and video shoots, skydiving, live concerts and bungee jumping.