550-unit Prime Marina in Port City draws over 300 reservations, say promoters

Prime Lands Group Chairman Premalal Brahmanage (left) and Melwa Group Founder and Managing Director P.P. Anandaraja speak at the opening of the Prime Marina Sales Suite at Port City Colombo on Friday 

• Prime Lands Group Chief Premalal Brahmanage says project an economic catalyst that will take Sri Lanka to the world
• Stresses $ 57.6 m joint venture reflects Prime and Melwa’s confidence in the country’s future and willingness to continue to transform to usher lasting economic and social values

By Nisthar Cassim

The one-of-a-kind Prime Marina at Port City has already attracted reservations for over 300 units, crossing the halfway mark even before its ground breaking, its promoters revealed on Friday.

At the opening of the Prime Marina Sales Suite at Port City Colombo, the media was told that the 550-unit luxury residential development has already drawn reservations for 337 units.

The Prime Marina is a $ 57.6 million ultra-luxury waterfront residential project by a joint venture between Prime Melwa Port City Ltd., by Prime Group and Melwa Group. Construction is expected to be completed within four years, with projected revenue estimated at over $ 250 million. The landmark towers feature one-, two-, three-, and four-bedroom apartments and exclusive penthouses.

At the opening of the Sales Suite, Prime Lands Group Chairman Premalal Brahmanage and Melwa Conglomerate Director P.P. Anandaraja described the project as a “game changer” in real estate development in Sri Lanka by two respected giant Sri Lankan brands with strength, expertise, long-term commitment, trust, and innovation.

“This type of expertise, innovation, and strength is needed to deliver an exceptional masterpiece. The project reflects our confidence in the country’s future and our willingness to continue to transform a development that creates lasting economic and social values,” Brahmanage emphasised.

“This not a mere real estate project, it is an economic catalyst that will take Sri Lanka to the world. We call it the global address in Sri Lanka,” added the Chief of Prime Lands Group, which also has investments and projects in Melbourne, Australia, and Dubai, United Arab Emirates (UAE).

Prime Marina is architecturally authored by P&T Singapore, a firm whose work defines the standard across the most rigorous real estate markets in the world.

Furthermore, the iconic development involves one of Singapore’s top-tier interior design companies, Index Design Pte Ltd., a globally acclaimed architectural firm, to curate an exceptional interior environment that reflects the highest benchmarks of international design, craftsmanship, and luxury living.

In addition, the landscape architecture is being entrusted to Grant Associates of the UK, an internationally acclaimed landscape architecture practice renowned for creating some of the world’s most iconic and sustainable environments. Their involvement further reinforces the commitment to delivering a development that meets the highest global standards in design and aesthetics.

Prime Group Director Sanmith Tharunya said one of the most impressive aspects of Port City is its master plan design, while 24% of Port City has been designated for residential development. 

“What is truly remarkable is that only 1% of the entire Port City has been allocated towards marina development, and just 3% towards waterfront development—this means that true marina front and waterfront residencies will become the rarest real estate assets, not only in Port City, but in Sri Lanka. While many developments may be built within Port City, only a select few will have direct access to the marina and waterfront lifestyle,” he said.

“This is Island Living, a coastal lifestyle precinct, which offers beaches, parks, and recreational spaces in a medium-density residential setting. This is the marina, which is not just another precinct within Port City. It is the crown jewel of the entire master plan,” he said, suggesting it is the rarest real estate investment opportunity ever created in Sri Lanka.

“You can build another apartment tower, you can build another office building, but you cannot create another marina waterfront location once the land has been allocated. If Port City is Sri Lanka’s future city, then the marina is the most prestigious address today,” he added.

“Prime Marina is not just a building, it is a long-term commitment to elevating Sri Lanka’s global real estate profile location, one of the most critical factors in real estate investment. This location offers exceptional prestige and long-term value appreciation potential. Our residents can also enjoy breathtaking views of the Indian Ocean and the Colombo skyline. It reflects our ambition to create not just a residential tower but a globally benchmarked marina front destination unlike anything Sri Lanka has seen before,” Tharunya said.

“This project is expected to create over 1,000 direct jobs and over 5,000 indirect employment opportunities, while generating foreign currency flows exceeding $ 75 million, but most importantly, it will contribute to elevating Sri Lanka’s global real estate profile,” he added.