Home / Property/Construction/ Luxury apartments ‘Thurstan 42’ unveiled

Luxury apartments ‘Thurstan 42’ unveiled

Comments / {{hitsCtrl.values.hits}} Views / Wednesday, 5 September 2018 00:00


  • Offers buyers close proximity to top schools
  • Apartment rates start from Rs. 62 m
  • Rs. 1.8 b for total project

By Safna Malik

Real estate company Bricks Developers Ltd. launched their first Rs. 1.8 billion luxury apartment complex this week, targeting high-end buyers.   

Speaking at the ‘Thurstan 42’ launch, Bricks Developers Chairman Shanker Somasunderam insisted that demand in the real estate market in Colombo remained strong, and expressed optimism about increasing luxury apartments and office spaces in the capital.

“We have invested approximately Rs. 1.8 billion in the Thurstan 42 project, which is expected to be completed by March 2020 and will give the finest choice of living a luxurious lifestyle in Colombo city to the customers,” he added.

Bricks Developers ventured into its new project, Thurstan 42, with Zhongtian Dinghui Investment Company Ltd., Civil and Structural Engineering Consultants, N and A Engineering Consultant, and Design Group Five International.

Thurstan 42 is walking distance from hospitals, shopping malls, supermarkets, hotels, restaurants, cafés, and top schools in Colombo, including Royal College, Ladies’ College, Thurstan College, Colombo International School, St. Bridget’s Convent, Wycherley International, and Stafford International.

Pointing out that the construction industry contributes over 10% of Sri Lanka’s GDP, Somasunderam was upbeat about the opportunities in the sector.  He insisted the Company’s main objective is to increase the construction quality of buildings and to capitalise available opportunities in the rapidly growing industry.

“Bricks Developers is fully committed to enhance the growth of property development in Sri Lanka, since there is an increasing demand for apartments and office spaces in Colombo. We have earmarked properties to develop more apartments and office space in Colombo,” he added.

The cost of an apartment at Thurstan 42 starts from Rs. 62 million, which will also have an air-conditioned banquet hall with a terrace which hold up to 100 guests, fire protection systems, 24-hour security services, garbage disposal options, three phase electricity, 100% power back-up, swimming pool, Jacuzzis, fully equipped gym, centralised gas supply, electric car charging points, and three floors especially reserved for dual car park facilities. 

Project architect, Design Group Five International Chairman Suranjith De Silva said the focus was promoting green construction, enabling environmentally friendly options that would be both cost effective and design-friendly.  De Silva highlighted the ventilation system used for the apartments that enabled interior spaces to be cooled without air-conditioning.   

The Thurstan 42 high-rise is located at No. 42, Thurstan Road, Kollupitiya. The complex is a 12-storey building that would consist of 32 units designed using standard European fittings with three bedrooms in four unique designs. Each apartment is approximately 1,550-1,710 sq. ft. on a 42-perch land. 

Share This Article


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.


Today's Columnists

East Container Terminal blunder: Learn from Chinese

Tuesday, 18 September 2018

Minister for Ports and Shipping Mahinda Samarasinghe informed the press in August that Cabinet has approved the development of East Container Terminal (ECT) of Colombo Port by the Ports Authority. According to approval: nPorts Authority would develop

President Sirisena, playing with fire, must take note that smoke will get into his eyes

Tuesday, 18 September 2018

Penchant for playing with fire President Gamaralalage Sirisena has always had a penchant for playing with fire. He did fire-play at the local government elections when he made a disastrous U-turn and went round country blasting the party and its lea

Response to claims that Sri Lanka was in a ‘debt trap’ in 2014 due to ‘Chinese loans’

Monday, 17 September 2018

Several Western analysts have carried out a relentless media campaign in keeping with their own geopolitical agenda, to suggest that China was luring Sri Lanka into a carefully engineered debt trap.

Understanding the debt trap: Nothing but simple arithmetic

Monday, 17 September 2018

Prime Minister Ranil Wickremesinghe, speaking recently at the World Economic Forum in Vietnam, denied that Sri Lanka was in danger of spiralling into a debt trap from excessive Chinese borrowings

Columnists More