Ceylinco Life acquires Gower Street property for training centre

Wednesday, 9 January 2013 01:14 -     - {{hitsCtrl.values.hits}}

A stately colonial era mansion has been acquired by Ceylinco Life, for a training centre for the company’s staff and sales force.

Located at No 2, Gower Street, Colombo 5, the building is adjacent to the Ceylinco Life tower, the company’s purpose-built head office since 27 February 2010.

The acquisition results in a significant addition to the life insurance leader’s real estate portfolio, and provides a convenient location for training facilities. The new training centre was ceremonially declared open on 2 January 2013, by Ceylinco Life Managing Director/CEO R. Renganathan, as one of the activities connected with the celebration of the company’s 25th anniversary on 14 January 2013.

“Staff training has always been a priority at Ceylinco Life,” Renganathan said. “Ceylinco Life was the first insurer in Sri Lanka to have its own residential Ceylinco Life Managing Director/CEO R. Renganathan ceremonially opening the new Training Centre, in the presence of the company’s Director/Deputy CEO Thushara Ranasinghe and Director Palitha Jayawardenatraining centre, and this facility in Colombo is a noteworthy expansion of our training infrastructure.” The two-storey mansion built on 67.2 perches of land with Havelock Road, frontage was completed in 1937. It provides 3,200 square feet of space and extensive secured parking.

Ceylinco Life’s head office which adjoins the property is located at No. 106, Havelock Road, Colombo 05, and comprises 62,000 square feet of planned office space on of 12 levels, including a basement car park.

Independently rated as one of Sri Lanka’s most valuable brands, Ceylinco Life has maintained its leadership of the country’s long term insurance sector from 2004 onwards.  The company operates the largest branch network among local life insurance companies, and has won multiple international and local awards for its commitment to the community and success in brand equity building.

In December 2012, Ceylinco Life became the first life insurer in Sri Lanka to achieve Rs. 10 billion in premium income in less than a year.