Access joins Mustafa, China Harbour JV’s Rs. 10 b mixed development in Colombo

Invests Rs. 2.3 b; Venture to have 1,000 apartments, 250,000 sq. ft. commercial and recreational areas

Access Engineering Plc has joined the Rs. 10 billion mixed development project at Colombo 15 in partnership with Singapore’s Mustafa’s and the China Harbour Engineering Lanka Ltd.

Access has invested Rs. 2.3 billion in the venture named Hotel 10 Ltd.

The supplementary agreement for the project was signed with the Board of Investment last week.

The mixed development will take place on a five-acre land at No. 250 Srimath Ramanthan Mawatha, Colombo 15 which overlooks the Colombo Port and is located 2 km from the city centre and the port city.

“This development under the title ‘Harbour Village’ will comprise around 250,000 square feet of commercial and recreational areas and around 1,000 apartments,” Access said. The apartments will cater to the middle and upper middle income group with the objective of providing affordable luxury at a prime location.