Multilac owners diversify to colour leisure sector with Rs. 655 m 100-room serviced apartments proje

Tuesday, 20 May 2014 00:34 - - {{hitsCtrl.values.hits}}

Macksons Properties Ltd., the newest business venture of Macksons Holdings, has entered into an agreement with the Board of Investment (BOI) for the development of a 100-room luxury service apartment project in Colombo 3. The total investment of this project is Rs. 655 million. The BOI has been actively promoting projects that expand Sri Lanka’s hotel room capacity. This is a strategic objective of the Government, which aims at developing the country’s tourism infrastructure to sustain 2.5 million arrivals annually by 2016.

Macksons Holdings is a truly Sri Lankan entity with diversified interests in manufacturing, trading, imports and exports in the paints, tiles, giftware, FMCG, automobiles, energy and leisure sectors; and renowned for its much-loved brands Multilac and Macktiles. With Macksons Properties, it consolidates its presence in the construction and leisure sectors by venturing into real estate development. The proposed hotel/serviced apartment at Galle Road, Colombo 3, will have all of the facilities and services associated with modern star class hotels. This state-of-the-art complex will integrate stylish design with solid construction handled by Sanken Lanka Ltd. – Sri Lanka’s number one construction company. Consisting of 11 floors, with 100 rooms, residents in this exclusive complex will have access to quality restaurants, a swimming pool, gymnasium, the convenience of room service and laundry service, high speed free WIFI facility, ample parking, and so on; providing orderly, luxurious living. A unique feature of this complex would also be the option guests have of renting individual rooms or two-bedroom or three-bedroom family suites for flexible periods of time: short or long term, with all five-star comforts at an affordable tariff. In keeping with the traditionally exclusive location, this luxury apartment will boast of every conceivable attraction for contemporary living. Elegant and thoughtfully-structured living suites offering plush surroundings with the experience of a superlative quality of stay will bring residents the added convenience of being at the heart of the city. Centrally located, with easy access to business activities, this complex is close to many of the best local business centres, healthcare centres, restaurants, entertainment venues – indeed all the advantages of living in the very heart of Colombo. Macksons Properties is also in the process of short-listing international chains to add global strength to its venture and the signing of the BOI agreement too further consolidates its vision towards being a presence in the leisure sector in Sri Lanka. Macksons Properties has already acquired several other lands in Colombo for the construction of more leisure/service apartments and a commercial development in the future. This agreement was signed by BOI Chairman Dr. Lakshman Jayaweera and Macksons Properties Deputy Chairman Milfer Makeen in the presence of the Minister of Investment Promotions Lakshman Yapa Abeywardena, Deputy Minister Faiszer Mustapha, Macksons Properties Managing Director Mizver Makeen and Chief Executive Officer Ranga Goonawardena.