Friday Nov 15, 2024
Friday Nov 15, 2024
Monday, 25 March 2024 00:26 - - {{hitsCtrl.values.hits}}
Trillium Chairman and Managing Director Janaka Ratnayake (centre) flanked by Joint Managing Director Rachitha Ratnayake (right) and Executive Director Lekhya Ratnayake – Pic by Waruna Wanniarchchi
Confident of future prospects, Trillium Group, on Friday announced a mega $ 20 million or Rs. 6 billion worth expansion into the real estate and hospitality industry.
Among projects unveiled include $ 12 million investment to put up Trillium Duplex Colombo 5; $ 3 million on Trillium Residencies Nugegoda and $ 6 million on second Trillium hotel in Colombo 7 the "Trillium Express: Colombo 7" at the former "Dasa Building" at Ward Place.
Identifying itself as a beacon of innovation and resilience, Trillium said these projects will redefine urban and suburban living in Sri Lanka.
“In the face of unprecedented challenges posed by the COVID-19 pandemic and economic downturn, Trillium Group stands resilient. While many developers halted projects, Trillium persevered, notably with the nearly completed Trillium Havelock Residencies in Colombo 5,” Trillium Chairman and Managing Director Janaka Ratnayake said.
Despite disruptions in supply chains and workforce limitations, Ratnayake said Trillium Group, driven by commitment, ensured the continuity and progress of Trillium Havelock Residencies with a minor delay in comparison to most other projects in Colombo. Upholding its promise to deliver not just properties but enduring homes, the decision to persist reflects Trillium's confidence in the real estate market's enduring potential.
As it enters a new era, Ratnayake said Trillium Group remains dedicated to delivering excellence and standing tall among those who weathered the storm.
With a substantial investment of Rs. 4 billion ($12 Million), Trillium is poised to redefine upscale living in the heart of the Colombo city again with the second development in Colombo 5: Trillium Duplex Colombo 5.
This prestigious project features 60 units, including 2-bedroom, 3-bedroom, and an expansive 4-bedroom duplex residences.
As the first all-duplex development in Sri Lanka, Trillium Duplex Colombo 5 promises innovation in a space that has not seen so in the past few years.
Each meticulously designed unit showcases unparalleled comfort and sophistication. The 2-bedroom units span 1,100 sq. d., starting at Rs. 44 million, while the 3-bedroom units range from 1,200 to 1,600 sq. d., starting at Rs. 48 million. Expansive 4-bedroom units boast 2,300 sq. d. of luxurious space, starting at Rs. 92 million.
For those seeking an investment opportunity, Trillium offers a 36-month payment plan, providing flexibility aligned with the construction stages of this ground breaking project. This commitment goes beyond delivering residences; it's a promise to redefine urban living.
Trillium Residencies Nugegoda, brings sophistication to the suburbs with a significant investment of Rs. 1 billion ($3 million), creating an exclusive set of homes in Nugegoda. Situated on Madiwela Road, Trillium Residencies Nugegoda, the third development in Nugegoda, encompasses 24 premium units, all featuring 3 bedrooms with floor plans ranging from 1,320 to 1,500 sq. d. This strategically positioned project underscores Trillium's continuous commitment to elevating suburban living standards in Sri Lanka.
Trillium Residencies Nugegoda upholds Trillium's tradition of combining architectural excellence with thoughtfully curated spaces, providing residents with a unique and exclusive living experience.
For those seeking an investment opportunity, Trillium offers a 24-month payment plan, providing flexibility aligned with the construction stages of this project. Prices start at Rs. 39 million for a three-bedroom apartment, with sizes beginning at 1,320 square feet.
Trillium said its commitment to transformative experiences extends beyond real estate. The upcoming launch of the 70-room second Trillium Hotel in Colombo 7, "Trillium Express: Colombo 7," marks a significant further diversification into the leisure and hospitality sector of Colombo. It will have a banquet hall and a rooftop restaurant and bar.
The iconic "Dasa Building" of Ward Place, which was the first department store in Colombo, is currently undergoing a metamorphosis into this new venture, adding a touch of modern luxury to the historical fabric of the city.
“These strategic investments to a tune of Rs. 6 billion ($21 Million) not only signifies Trillium's commitment to delivering unmatched residences and hospitality options in Colombo but also underscores its dedication to helping to fuel economic growth and job creation,” said Trillium Chairman and Managing Director Janaka Ratnayake.
