Global Housing and Real Estate unveils Rs. 6.5 b Ocean Breeze Hotel Residencies Hikka

From left: Global Group of Companies General Manager B.N.R. Mendis, Director P. Wickramarathna Chairman Dasun Wickramarathna, General Manager Sales and Marketing Dillon Thajudeen and Project Architect Anushka Dasanayake 

Global Housing and Real Estate Ltd. (GHRE), on Saturday introduced its latest development, Ocean Breeze Hotel Residencies Hikka, a Rs. 6.5 billion project.

GHRE is a specialist in condominium and real estate development and a fully-owned subsidiary of Global Leasing Ltd., (GLL) under the Global Group.

The company was incorporated in 2003 and at present counts for over 18 years’ experience in construction and real estate condominium development. 

“This our latest project is a guaranteed, risk-free, gilt-edged investment and will be funded by our Group with private partnership and banking finance which is strategically segregated in various stages of the development to mitigate the risks involved, while our bankers are Bank of Ceylon, Sampath Bank, National Development Bank, Hatton National Bank and Commercial Bank,” GHRE Chairman Dasun Wickramarathna said at the launch held at The Kingsbury.

“We hope to have the ground breaking ceremony in March this year, with project completion in 36 months. Strategically located with beach frontage in Hikkaduwa, Sri Lanka’s most happening coastal area, Ocean Breeze Hotel Residencies – Hikka is set to become a hotspot for the adventurous and free-spirited socialiser and business person who can easily cruise in from the highway for a weekend or longer, thanks to its convenient location close to the highway,” he added. 

A 70-metre beach front development, lined with cool cafes, refined restaurants, a chilled-out beach club, up market boutiques and a spa, it is in close proximity to all beach activities such as snorkelling, fun boards, jet ski and a turtle hatchery, while whale watching is just a mere 15 minutes by boat. This breath-taking integrated resort will define tourism and hospitality in the area and is geared to earn a minimum 30% to 40% capital gain. The project will also generate around 400 direct and indirect job opportunities in and around the area. 

All construction is carried out by the construction arm of the group, MET Developers Holdings Ltd.

At present the company has diversified its product portfolio with hotel residency developments in Negombo, Sigiriya and Nuwara Eliya, in addition to traditional condominium developments. 

Designed by Anushka Dassanayake the Ocean Breeze Hotel Residencies Hikka comprises 236 luxurious apartments, elegantly designed to blend and harmonise with the natural surroundings, as well as the surrounding cultural and traditional aspects, and is built according to stringent quality standards, and fitted with modern amenities to cater to even the most discerning client. Ranging from 400 sq. ft. Studio Units to 1,721 sq. ft. three-bedroom Duplex Dual Key apartments over 22 floors, the apartments cater to all your needs and gives one an affordable hotel experience coupled with the advantage of owning a superior property on the famous Hikka beach. Prices range from Rs. 13.5 million to over Rs. 100 million with attractive interest free repayment schemes facilitated by leading banks in the country to be paid in 36 months. 

“Investors could enjoy value added services of generating long term revenue generation by renting, as we offer management of property, thus making it a hassle-free investment,” Wickramarathna added. 

“We also intend expanding to Ella and Trincomalee as with the development of the highway network, it makes it worthwhile to interconnect all our properties which are within minutes of the highways. Ocean Breeze residencies in Negombo and The Kingdom in Sigiriya too will commence commercial operations this year,” the Chairman added.