Capitol Developers breaks new ground with 50-storey skyscraper in uptown Colombo

A section of the crowd

Capitol Developers Ltd. of the Sanken Group held the groundbreaking ceremony of its latest 470 apartment twin tower project – Capitol Twin Peaks on 12 November, at its strategic location at 24, Staple Street, Colombo 02. 

Minister of Megapolis and Western Development Patali Champika Ranawaka graced the event as Chief Guest, amidst a gathering of distinguished guests, including customers, partners and government officials. The ceremony, which was held at the auspicious time of 7:15 a.m., was preceded by a multi-religious ceremony. 

Scheduled to be ready for occupation by end 2020, the project is expected to be the most centrally located, high profile luxury real estate project in the city and is widely acknowledged as a key project in the government’s vision for a vibrant Megapolis. It is located in the heart of the city in an elite neighbourhood, with proximity to prestigious shopping malls and other conveniences, in addition to a beautiful entry point with the lake frontage of Beira Lake. Capitol Developers and Sanken Construction of the renowned Sanken Group have collaborated to create these iconic skyscrapers whilst the global design firm P&T Group of Singapore are the architects for Capitol Twin Peaks.

From left: Sanken Construction B.U.I. Bodinagoda, Sanken Construction Project Director D.L. Amarasinghe, Sanken Construction and Capitol Developers Chairman Mahen Weerasekera, Sanken Construction Managing Director Ranjith Gunatilleke, Urban Development Authority Director General Eng. S.S.P. Ratnayake, Land Reclamation Chairman Asela Iddawela, Ministry of Defence Secretary Karunasena Hettiarachchi and Minister of Megapolis and Western Development Patali Champika Ranawaka 

From left: Capitol Developers Managing Director Rohana Wannigama, Land Reclamation Chairman Asela Iddawela, Minister of Megapolis and Western Development Patali Champika Ranawaka, Ministry of Defence Secretary Karunasena Hettiarachchi, Sanken Construction Managing Director Ranjith Gunatilleke, Sanken Construction and Capitol Developers Chairman  Mahen Weerasekera

There are many advantages for investors purchasing apartments at Capitol Twin Peaks. In fact, all properties developed by Capitol Developers have been contracted to Sanken Construction Ltd., the most trusted name in the construction industry, which guarantees timely delivery of the apartments to buyers along with the hallmark construction quality of the Sanken brand. Sanken has its roots in the Japanese Mitsui Construction Company and the Japanese passion for perfection and punctuality is evident in its every project. Furthermore, Capitol Developers have collaborated with several leading banks to facilitate attractive loans and long-term repayment plans for prospective buyers.

This high profile development meets the demands of the vibrant and expanding City of Colombo and supports the government’s plans to build a Megapolis encompassing much of the Western Province. Ranawaka in his capacity as Chief Guest at the ceremony, elaborated further on how this project is aligned to the government’s vision for a Megapolis. The project also caters to the new lifestyle trend for luxury condominium living amongst young couples and expatriates, who desire to make a lifestyle statement. 

The ceremonial piling work takes place

Built on 214 perches, the project will feature 470 apartments on 50 floors with 2 basements, 6 floors of parking and a roof terrace. Magnificent views and panoramas are set to entice home owners with a Sunset Bar, Sky Lounge and Sky Garden. Capitol Twin Peaks will be an oasis of tranquillity for high powered executives and busy professionals. 

The ground floor will feature a lobby, coffee shop, salon and spa, mini mart with pharmacy and a laundry collection point. Other unique features of the twin towers will be a podium with a lap pool, kids pool, jacuzzi, kids play room, function room, party lounge and deck, outdoor living area, business centre, games room, yoga pavilion and aerobic studio, steam room, reading corner, sensory garden and a well-equipped gym.

Design and Build contractor Sanken Construction has successfully delivered Trillium Residencies, Empire City, Emperor, OnThree20, 7th sense on Gregory’s Road and many other high-rises in the city. 

Capitol Developers has to its credit Capitol Residencies on Dharmapala Mawatha, HR Residencies on Havelock Road, Tulasi Mahal Apartments in Jaffna, Capitol 7 on Rosmead Place, Capitol Elite on Horton Place and the business city hotel, Cinnamon Red. This newest project, Capitol Twin Peaks, a luxury apartment project, will feature a unique Sky Lounge, offering a magnificent view of Colombo, the Beira Lake and even the coastal line and harbour.