JKH-Indra Traders JV signs BOI deal for 53-storey 891-unit TRI-ZEN

Monday, 3 December 2018 00:46 -     - {{hitsCtrl.values.hits}}

From left: BoI Director General Champika Malalgoda, Chairman Hemasiri Fernando and Braybrooke Residential Towers Directors  Channa Palansuriya and Suresh Rajendra 

 

Braybrooke Residential Towers Ltd. has signed an agreement with the Board of Investment for TRI-ZEN, a pioneering residential development last week.

The project is a joint venture between JK Land Ltd. (subsidiary of John Keells Holdings Plc) and Indra Traders Ltd. and the project will be marketed and managed by John Keells under its brand John Keells Properties. 

Located in the heart of the city at Union Place, the 53-storey development is set to redefine urban living in Sri Lanka. 

The 891 homes at TRI-ZEN integrate unmatched convenience, cutting-edge design and comfort, over an acre of community space and state-of-the-art smart home technology to make the project truly revolutionary.

Positioned in the city’s most vibrant neighbourhood, TRI-ZEN’s residents will have easy access to the city’s best schools, shopping centres, restaurants and hospitals - among others. Being so centrally located means that residents will be drastically cutting down on the tiresome daily commute, allowing for more time to enjoy the community’s other amenities with both family and friends. With community spaces as a key design feature, residents can also indulge in the finer luxuries of the complex’s pools, a badminton court on the 51st storey, an outdoor entertainment deck, yoga spaces, lounges and even a 0.5 km jogging track.



“TRI-ZEN, our joint venture with Indra Traders, is the second residential development under our Metropolitan portfolio, which provides an efficient and effective solution for housing in the heart of the city. TRI-ZEN will transform the way you live by bringing in the best of technology and community spaces within the development. We now see a growing trend of people moving away from landed housing to apartments close to the city which offer more convenience and lifestyle benefits. We will be in the forefront to cater to this demand shift,” John Keells Properties President Suresh Rajendra said.

Indra Traders Ltd. Chairman Indra Silva stated: “We are excited to partner John Keells on this ambitious development. We are confident that our combined effort will be transformative for both the companies as well as the city.”



The industry leader in property development and management, John Keells Properties is renowned for its cutting-edge contribution to the city’s skyline and lifestyle. Having successfully designed and constructed four landmark residential properties in Colombo previously—OnThree20 at Union Place, 7th Sense on Gregory’s Road, The Emperor on Galle Road, Colombo 3 and The Monarch adjoining Cinnamon Grand Hotel—the developer currently has two ground-breaking projects in the pipeline - TRI-ZEN and Cinnamon Life - a large-scale integrated resort set on the border of the Beira Lake.

TRI-ZEN will have 1-, 2-, and 3-bedroom units for sale priced in rupees and starting at an attractive price of Rs. 23 million. John Keells Properties is working with several banks to provide customised mortgage financing options too. The project is scheduled for completion in 2023. A show apartment at Vauxhall Street is also open for viewing. 

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