Details

Land for sale SRI LANKA
C W Mackie PLC Land at D R Wijewardhana Mawatha, Colombo Fort
Proposed Project Description :
The subject land is located in the core of the Central Business District (CBD) and has close proximity to the Colombo Commercial Port. This site which is identified under the Beira Lake Intervention Area Development Plan, will facilitate new visual linkages with boulevard roads as well as more space to walk and ride bicycles and the green promenade will be extended around the lake to facilitate the public easy access to the lake. Subject land bounded by the Beira Lake and a high-rise mixed development project is proposed by the Urban Development Authority to promote and enhance the tourism related activities around this area.
Expected investment :
Mixed Development (Tourism related activities)
Expected method of partnership :
PPP Basis
Employment generation :
1000-2000 employment opportunities
Market potential :
Extensive development opportunities in the area as for the high demand for tourist –based activities around the Beira Lake. Close proximity to the Port of Colombo, therefore high potential for port related activities.
Payback period :
Based on the Investment Proposal
Period to commence commercial operation :
2023/2024
Current status of the project :
Land Vesting – Completed. Pre-Feasibility – Completed. Valuation Report – Requested. Preliminary Planning Clearance – Requested. Preparation of RFP Document - on Progress.
Common infrastructure and utility availability :
The main access is from D.R. Wijewardhana Mawatha and it has close proximity to the port, educational facilities, cultural landmarks, financial centers, and major transportation facilities and walking distance to Colombo Fort & Railway Station. Availability of water, electricity, sewer and wastewater lines, etc.
Geographical Location :
Colombo
Land Extend :
0A 3R 08.27P 0.3244Ha 3,244m2
Estimated Land value :
USD 96 Mn (Approx.)
Land Agreement/ownership :
Urban Development Authority
Benefits to the Investor :
Government Tax Concessions. Speedy approval process with the assistance of the UDA. Readily available basic infrastructure to the site. Government assured land tenure security. Property located in the prime location of Colombo City. Water -front and Scenic Beauty of Beira Lake.

Learn More

Sign up for a free membership. Get instant access to thousands of listings. Learn about our membership plans.

Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness. This listing does not constitute an offer to sell, solicit or make an offer to buy an investment interest. Offers to sell, or the solicitation of offers to buy, any security can only be made through official offering documents, such as a subscription agreement and private placement memorandum.