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Business

Shangri-La Asia Executive Director and Chief Financial Officer Madhu Rao with Ministers Kabir Hashim and Ruwan Wijewardane and Eran Wickramaratne, Colombo Mayor A J M Muzammil and Director M Sajjad Mawzoon inspecting the architectural desingnss of Shangri-La Residencies at the launch in Colombo on Friday. Picture by  Sujith Kodithuwakku
Shangri-La Hotels and Resorts launched its luxury apartments in Colombo on Friday. The project is part of its colossal US$ 720 million investment in two mixed development projects in Colombo and Hambantota. “We have committed to invest over US$ 720 million to complete our projects in Colombo and Hambantota. This is a very large financial commitment by a foreign investor in Sri Lanka,”said Madhu Rao, Executive Director and Chief Financial Officer Shangri-La Asia Limited at the launch in Colombo. Under the project two 50-floor 194 meters high residential towers covering a floor area of 145,000...
Dr. Hiran Hettiarachchi, Group Chairman, Blue Mountain at the Asia Pacific Property Awards Summit.
Blue Mountain Group, received global recognition and made history for Sri Lanka at the Asia Pacific Property Awards Summit (APPAS) which took place in Malaysia recently. This award was presented to Blue Mountain Group for its innovative take on the concept of gated community living. At the event, Blue Mountain was also the first Sri Lankan real estate company to achieve a nomination for the International Property Awards which will be held in December 2015. Dr. Hiran Hettiarachchi, Group Chairman, Blue Mountain, received the award on behalf of the management team, at the exclusive APPAS...
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