RIL Property IPO Investor Forum ends on a high note

Wednesday, 29 March 2017 01:08 - - {{hitsCtrl.values.hits}}

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Commercial Bank of Ceylon Senior Manager, Capital Markets Duminda De Silva addressing the gathering

RIL Property Ltd., a leading developer, owner and manager of Grade ‘A’ commercial office space in Colombo, successfully concluded itsInitial Public Offering (IPO) InvestorForumrecently.

Attended by over 250 investors representing across-section ofblue chip companies, investment advisors, stockbrokers and fund managers, the event focused on insights of the company’s strategic vision and its expansion plans on developing multi-faceted real estate solutions in the upcoming years.

Commenting on the event, RIL Property CEO Hiroshini Fernando asserted: “As a property development company, we see a robust rise inthe demand for Grade ‘A’ commercial office spaces in Colombo and its suburbs. Despite the construction sector being a key driver of the post war economic growth of the country, there is a noticeable void in thecommercial office space segment. As a company specialising in developing high quality office spaces, we initiated Parkland, aGrade ‘A’ office complex toprovide a productive working environment with a plethora of amenities.”

In addition, RIL Propertywill commence the refurbishment of the ‘Readywear’ building, situated adjacent to Parkland,to offer additional high quality office space, whichwill be available for use in 2018.