Platinum 1 takes luxury living to new heights

Tuesday, 1 October 2013 00:17 -     - {{hitsCtrl.values.hits}}

Platinum 1, Colombo’s elite lifestyle destination which redefines exclusive luxury living standards, achieved a major milestone with the unveiling of Sri Lanka’s first-ever multi-elevated automated car park. “This is the first and one-of-its-kind car parking system in Sri Lanka,” said Kishore D. Reddy, Managing Director of Platinum 1. “This automated valet car parking system has 216 parking slots at Platinum 1 alone and takes a matter of few minutes to park or bring a vehicle back.” Platinum 1, the latest world class real estate high-rise to join the ever expanding skyline of Colombo unveiled the latest elevator parking system at its address No. 1, Bagatelle Road recently. The top notch architectural edifice Platinum 1 is a fusion of business cum residential hub within the cosmopolitan city of Colombo. The ‘automated valet car parking system,’ a sophisticated automated parking system based on Korean technology by the Korean-based company Costec, is also the highest density of parking based on number of units in Sri Lanka. The system offers residents the comfort of driving their vehicles into designated elevators which the system transports to an available parking slot that can be summoned automatically with a password or a swipe of a card. Three high speed elevators, two of which would be exclusively for the use of the residents is another convenient factor. This state-of-the-art CPM elevator type car parking system was put to the test when the CEO of Costec and its Director of overseas projects were here in Sri Lanka this past week. Costec, the makers of this multi-elevator automated parking system, have successfully installed 9,000 parking lots across Asia. Their projects are scattered across Singapore, Thailand and India and have embarked on their first project in USA. “Platinum 1 challenges anyone who claims it would take longer than three minutes for us to bring their vehicle down,” said Kishore Reddy. “There are even spare parts located within the complex to ensure that residents face no delay in parking or leaving the building.” Echoing his sentiments, the Korean counterparts who were in Sri Lanka to inspect the system explained confidently that the system has a zero to none fault ratio. The residential section spread across 1, 40,000 square feet of prime real estate will comprise of four luxuriously appointed penthouses and 66 aesthetically appointed residential apartments.  The ultra-modern penthouses spread across the top two floors have been designed with local architectural sensibilities and international style in mind. Residents of these super luxury apartments will enjoy panoramic ocean views and breathtaking sunsets and many value added facilities such as personal plunge pools, elegant fixtures and fittings of unparalleled quality featuring high end brands like Siemens, Vitra, Fuji, Bosini, Nolte, Sanyo, etc. The ground to third floor of the building houses 60,000 square feet of commercial space offering maximum visibility and accessibility, home presently to premium retail establishments such as Mango, Charles & Keith and Nike to name a few, with  future plans to attract other global brands in-line  with the high end image of the complex. Due to the increase in seismic activity globally, Platinum 1 has taken extra care by providing additional protection against seismic activity using post tension construction for the first time in a residential unit in Sri Lanka. This also eliminates beams in the structure and reduces load on the foundation. Another unique feature of Platinum 1 is the use of autoclave aerated modular bricks for the first time in Sri Lanka in the construction process. Not only do they act as insulation against sound pollution but they also act as a very effective fire retardant. Platinum 1 is developed by Platinum Realty Investment Ltd., a US$ 20 million company driven by capital investment from reputed Sri Lankan investors and foreign direct investments from India based Paharpur Cooling Towers Group and Pragnya Fund, a Mauritius-based private equity fund. Paharpur Cooling Towers is the world leader in Cooling Tower industry which diversified into real estate by developing the two million square foot apartment complex ‘Gennex Valley’ at Kolkata, India. Pragnya Fund has an established track record of being a committed real estate investor who developed HSBC Centers in Colombo, Vizag and Kolkata. Their project portfolio contains multiple prominent projects such as L&T Tech Park in Kochi, L& T South City in Chennai, Habitat Crest in Bangalore and VGN Hazel at Chennai. Paharpur Realty, in partnership with Pragnya Fund is currently developing ‘Gennex Towers’ and ‘Gennex Exotica’ modern townships with approximately 2,000 residential units.  Renowned architects Manitayakul Associates of Thailand and Design Advocacy of Sri Lanka have collaborated to bring you opulence at your doorstep.