Kristall Spaces Lanka redefines the developer model: Beyond handover to long-term yield and asset protection

Friday, 20 February 2026 00:04 - - {{hitsCtrl.values.hits}}

All-Suite Resort Talpe Heights

All-Suite Resort Talpe Heights

56 Luxury Residences on Dalawella

Beach, Galle

All-Suite Resort Talpe Heights

Kristall Spaces - 20 years of award-

winning expertise

Kristall Spaces Lanka Ltd., the developer behind the recently launched All-Suite Resort Talpe Heights, is challenging the traditional “build-and-exit” model of property development by emphasising its role as a long-term partner in the property value chain. While many developers focus solely on construction and the final handover, Kristall Spaces maintains a direct interest in the ongoing health of the asset and its ability to generate sustainable returns for owners.

Recognising that a luxury oceanfront property is a living asset, Kristall Spaces leverages 20 years of European development and hospitality experience to provide expert facility management. This approach addresses the “performance gap” often seen post-handover in Sri Lankan condominiums, ensuring that essential systems—from climate control to structural integrity—are maintained to international standards.

Kristall Spaces bridges the value chain through its associate operating company, All-Suite Resorts Lanka. Unlike third-party management companies that may have short-term interests, All-Suite Resorts Lanka typically enters into a 10-year management commitment with owners, providing a foundation of long-term stability and a critical link between the development phase and operational success.

This partnership ensures optimised rental income and occupancy, as All-Suite Resorts uses sophisticated yield management software to update prices dynamically based on local hotel demand. Furthermore, professional guest management and marketing through established global networks support a consistent yield, targeting 8–11% in annual rental returns. To responsibly manage investor expectations once the aparthotel is operational, the initial rental projections conservatively estimate 120 days of overnight occupancy in Year 1.

The preservation of property value is equally central to this model, with continuous, professional maintenance protecting the owner’s investment from the harsh coastal environment and directly supporting the projected 5–10% annual capital appreciation. Ultimately, by acting as both developer and operator alongside All-Suite Resorts, Kristall Spaces removes the burden of day-to-day management to offer a truly “turnkey” investment experience for both local and international buyers.

“Our organisation sees right along the entire value chain,” stated Kristall Spaces Lanka CEO Simon Atterbury. “The journey doesn’t end when the keys are turned. By integrating expert facility management and long-term rental operations through All-Suite Resorts Lanka, we ensure our projects remain world-class destinations for guests and secure, high-yielding assets for our owners for a decade and beyond”.

As tourism arrivals in Sri Lanka continue their upward trajectory, this integrated model provides a secure vehicle for investors to capitalise on the country’s booming luxury serviced-residence sector.