Home / Front Page/ BOI signs $ 300 m investment deal to build Sri Lanka’s tallest building

BOI signs $ 300 m investment deal to build Sri Lanka’s tallest building


Comments / {{hitsCtrl.values.hits}} Views / Thursday, 30 July 2015 00:10

Facebook

Outside-lead-1-Iconic-TowerShreepati Edifice Director Rakesh Chandra Pandey formally receives the BOI agreement from BOI Chairman Upul Jayasuriya

​The 3D image of the 1996 Iconic Tower

 

One of India’s biggest real estate development groups, Shreepati Edifice Ltd. has signed an agreement with the Board of Investment of Sri Lanka to invest $ 330 million to construct a mixed development hybrid project, the 1996 Iconic Tower.

This magnificent high-rise iconic tower will be the landmark and the tallest building in the country. The tower will comprise ground plus 96 floors with an approximate height of 363 metres with 376 residential apartments, 92 penthouses and modern amenities like entertainment desk, business centre, swimming pool, gymnasium, spa, outdoor yoga and sky decks.It is anticipated that the tower will be completed within 48 months.



The structure of the building is tubular and is a tribute to the Sri Lankan Cricket Team, which won the World Cup in 1996. 

BOI ChairmanUpul Jayasuriyasigned the agreement on behalf of the Board of Investment of Sri Lanka and Directors Rakesh Chandra Pandey and RajanSirivastav signed on behalf of the ShreepatiGroup.

This state-of-the-art iconic tower will be constructed on a two-acre land at Rajagiriya which has been leased out to Wills Relators Ltd. by the Urban Development Authority.

 


Share This Article

Facebook Twitter


DISCLAIMER:

1. All comments will be moderated by the Daily FT Web Editor.

2. Comments that are abusive, obscene, incendiary, defamatory or irrelevant will not be published.

3. We may remove hyperlinks within comments.

4. Kindly use a genuine email ID and provide your name.

5. Spamming the comments section under different user names may result in being blacklisted.

COMMENTS

Today's Columnists

Whither Sri Lanka?

Wednesday, 19 June 2019

On Easter Sunday, 21 April 2019, suicide bombers from an extremist group caused carnage in six separate locations in Sri Lanka. Over 250 lives were lost and as many injured. The magnitude and co-ordination of their operation indicate several months o


Our Cricket Board simply cannot deliver – why not they all quit honourably?

Tuesday, 18 June 2019

“It is necessary, therefore, for the Government to pay serious attention to the doings of Sri Lanka Cricket [board] and take immediate action to lift their game for the progress of our glorious game.” Question for Sri Lanka Cricket (board) Sri La


Yesterday Tamils, today Muslims and tomorrow who?

Tuesday, 18 June 2019

From the time of S.W.R.D. Bandaranaike’s election victory in 1956, one and only one issue had dominated political party campaigns in this country; and that was communalism. The Tamil community was the main focus of these campaigns for over 50 years


Those who go by social proof are easy prey to crafty schemers

Monday, 17 June 2019

Going after social proof Swiss writer and novelist, Rolf Dobelli, in one of the essays in his 2013 book ‘The Art of Thinking Clearly’, has given a fine warning to his readers. He has warned against going by ‘social proof’ or ‘majority view


Columnists More