Home / Front Page/ EAP Group breaks ground today for $ 20 m Galaxy Impala

EAP Group breaks ground today for $ 20 m Galaxy Impala


Comments / {{hitsCtrl.values.hits}} Views / Friday, 21 August 2015 01:27


BUP_DFT_DFT-1-241

 

Galaxy Landmarks, part of the EAP Group, will break ground today to commence the construction of the Galaxy Impala Complex in Rajagiriya. 

The ceremony will be attended by the company’s directors and senior managers. The Chief Guest will be EAP Group President Dr. Soma Edirisinghe. 

The Galaxy Impala is the first of a series of cinema multiplexes cum retail/commercial complexes that Galaxy Landmarks is planning to construct. The Galaxy Impala Complex will serve as an entertainment hub for the whole family and will feature four state-of-the-art cinemas with the latest digital technology, which will be operated by EAP Films & Theatres. 

The complex will also cater to the lifestyle requirements of customers by offering multiple storeys of shops with a range of branded items and high quality local products, as well as food courts and several fine-dining restaurants.

The mega development will entail an investment of $ 20 million and be completed in two-and-a-half years.

Galaxy Landmarks is a fully-owned subsidiary of the EAP Group and focuses on the development of cinema and retail/commercial complexes, which serve as one-stop entertainment and shopping destinations.

Commenting on the Complex, EAP Group of Companies Chairman/Managing Director Mano Tittawella said: “We are pleased to commence the construction of the Galaxy Impala Complex, which is the first of several cinema multiplex and entertainment cum retail/commercial complexes, which are being constructed by Galaxy Landmarks. We hope that this unique development project will revolutionise the entertainment landscape of the country and will strengthen our position as a dynamic conglomerate in Sri Lanka.”

“The Galaxy Impala Complex is designed to offer a superior entertainment experience for our valued customers and will leverage the diversified strengths of the Group and enhance our overall portfolio. We are extremely encouraged by the Government’s announced policies of offering incentives and benefits for constructing cinema multiplexes and this will be one of many that we hope to construct island-wide.  The complex will also strengthen the asset-base of the Group and will enable us to ensure that our stakeholders benefit from sustainable value,” he added.

Also commenting on the ground-breaking ceremony, Galaxy Landmarks Director and Chief Executive Officer Ajith Amarasekera said: “The Galaxy Impala Complex will be the first of its kind in Sri Lanka and will offer our customers world-class cinemas, entertainment and retail/commercial options. Galaxy Landmarks follows an innovative investment based business model, which we have established, to fulfil our vision of enhancing and uplifting the lives of all Sri Lankans, by offering new and exciting lifestyle and entertainment experiences.”

Galaxy Landmarks is the EAP Group’s property development arm. The EAP Group is a leading privately owned corporation in Sri Lanka, with interest in gold jewellery manufacturing and retailing through Swarna Mahal Jewellers, TV and radio through EAP Broadcasting Co Ltd., production, distribution and exhibition of films through EAP Films & Theatres, hospitality and restaurants through EAP Leisure and Finance through ETI Finance Ltd. and Swarnamahal Financial Services PLC.


Share This Article


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

In the desert of Tamil films, actor Sivaji Ganesan was an oasis

Saturday, 22 September 2018

‘Indian Film,’ first published in 1963 and co-authored by former Columbia University Professor Erik Barnouw and his student Dr. Subrahmanyam Krishnaswamy, is considered a seminal study of the evolution and growth of Indian cinema. The book is cit


Imran may turn blind eye to blasphemy law and persecution of Ahmadiyyas

Saturday, 22 September 2018

There are clear signs that Pakistan’s freshly minted Prime Minister, Imran Khan, will make a sincere effort to reduce corruption and maladministration in the domestic sphere. In foreign affairs he is likely to make a brave attempt to mend fences wi


The rate of exchange, capital flight and the Central Bank

Friday, 21 September 2018

The Central Bank (CBSL) exists for the sole purpose of price stability. Its controls on the financial system and monetary policy exist to maintain price stability. As put forth many times by the Governor, the failing of the CBSL to control inflation


Red flag over the Sri Lankan Navy

Friday, 21 September 2018

Shocking story Rusiripala, a former banker in Sri Lanka, who has taken to writing in Daily FT, is perturbed by the red flag I have raised (Daily FT article 18 September) over the shocking charge that our Navy had operated a ransom gang that had abduc


Columnists More