BOI signs deal for $ 8.1 m Vallibel Properties landmark building

BOI Chairman Susantha Ratnayake presents the Certificate of Registration to Vallibel Finance Managing Director S.B. Rangamuwa while Vallibel Finance Executive Director Sisira Weerabahu looks on 

The Board of Investment of Sri Lanka signed an agreement with Vallibel Properties Ltd. for the construction of its state-of-the-art 16-storey office complex. This project with a total value of $ 8.1 million will be set up at Colombo-3 and will provide direct employment for 200 employees.

An artist’s impression of the building

The agreement was signed on behalf of BOI Chairman Susantha Ratnayake and Vallibel Finance Managing Director S.B. Rangamuwa. 

S.B. Rangamuwa stated: “It’s our shared responsibility to rebuild Sri Lanka and our decision not to delay our most ambitious investment yet, which speaks volumes of Vallibel’s commitment to the economy and its preparedness to face the most daunting challenges.”

Carrying the hallmarks of a unique architectural masterpiece, the 16-storey building is expected to stand out just the way it has on many fronts in its short but peace-setting 12 years. These include being named by LMD as the most respected finance company in Sri Lanka. The project will be completed within 18 months.