Thursday Jun 18, 2026
Thursday Jun 18, 2026
Wednesday, 17 June 2026 07:50 - - {{hitsCtrl.values.hits}}
Xiong Hongfeng - Managing Director of CHEC Port City Colombo (Pvt) Ltd.,Sandamini Perera Co Chairperson Prime Group, Premalal Brahmanage Chairman Prime Group, Anandaraja Pillai Director Melwa
Prime and Melwa has become the largest property investor in Port City Colombo, following the acquisition of their third and one of the most coveted land parcel in the Marina District. The purchase lifts the partnership’s combined holding to approximately 16 acres, establishing it as the largest property investor in Port City.
For Prime and Melwa, the acquisition marks the next strategic step in a shared ambition to elevate Sri Lankan real estate to international standards and the vision of taking Sri Lankan Real Estate to the world.
The Marina District is among the most distinguished and sought-after addresses in Port City, and indeed in Sri Lanka, commanding high demand, premium positioning and strong value appreciation over short periods. Marina-front properties remain among the most prestigious and rarest categories in luxury real estate worldwide, particularly within international financial and lifestyle destinations.
The partnership’s concentration in the Marina is a deliberate, strategic choice. The marina district accounts for only around 1% of the entire Port City, making it exceptionally limited and exclusive. Crucially, it is also set to be completed within the next five years, well ahead of other development within Port City.
The newly acquired parcel will be developed as a mixed-use development, adding to the partnership’s growing presence in what is fast becoming Sri Lanka’s premier marina and waterfront destination. The investment showcases the confidence of both organisations in the country’s long-term prospects and in Port City’s standing as an emerging international real estate destination.
Commenting on the acquisition, Premalal Brahmanage, Chairman, Prime Group said: “Becoming the largest investor in Port City Colombo is a significant milestone that reflects our confidence in Sri Lanka’s future and the immense potential of this transformative development. With the Marina District set to emerge as a world-class waterfront destination, our ambition is our nation Sri Lanka, Port City Colombo and Sri Lankan Real Estate to the world. delivering iconic developments that showcase the very best of Sri Lanka’s capabilities and potential to the world.”
The partnership’s first project, Prime Marina, has already proven a resounding success. Its grand launch on 10th June was a world-class occasion unlike Sri Lanka has witnessed before, followed by record-breaking sales demonstrating strong confidence local and overseas buyers have placed in Prime and Melwa.
With three strategic land acquisitions now secured, Prime and Melwa have positioned themselves at the forefront of Port City’s development, reinforcing real leader in Sri Lanka’s real estate sector and helping to establish Colombo as a rising destination for global property investment.
