Cabinet nod to $ 250 m new mixed development project by Shangri La

The Cabinet this week approved a $ 250 million mixed development project by a Shangri La to build an apartment and shopping complex along Baladhaksha Mawatha in Colombo 2. The site is behind the existing Shangri La Hotel and One Galle Face Mall

The 30-storey building will have between 600-700 apartments in addition to a shopping complex. 

The project is due to be completed in six years, Cabinet spokesman Minister Bandula Gunawardana said.