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Monday, 18 August 2014 00:05 - - {{hitsCtrl.values.hits}}
destination that offers unmatched benefits truly befitting its claim as ‘the finest address in Sri Lanka’. A mixed development project that is uniquely located at the very hub of commercial activity in Colombo 3, it bears the prestigious address of No. 1, Bagatelle Road; a much-sought-after location. With expansive ocean views, Platinum1 is a 20 floor state-of-the-art building made up of premium residential apartments, high end commercial and recreational space.
With a vast spread of over 1, 40,000 square feet, the residential floors house 66 apartments and four super luxurious duplex penthouses. Sprawling expansively over the upper two floors the penthouses are designed combining local architectural sensibilities and international style, complete with the ultimate in fittings and finishes, and the indulgent extravagance of individual pools. All apartments will also enjoy panoramic vistas of the Indian Ocean and a bird’s eye view over the elite business districts of Colombo.
Ensuring the very best of management skills and financial stability, Platinum1 is a project truly built on solid ground; the result of a partnership of leading local and foreign industrialists, experienced developers and international professionals.
They include Paharpur Cooling Towers – a world leader in the industry with diversified interests in real estate with two million sq.ft. of 1,875 apartment condominiums, ‘Gennex Valley’ – a landmark in the Kolkata property market. Paharpur, in partnership with Pragnya Fund, is currently developing Gennex Towers and Gennex Exotica, two projects with a combined stock of approximately 2,000 residential units. Speaking of their partnership with Platinum1, Pururaj Dutt, Vice President – Realty Division, Pahapur Cooling Towers commented: “From the outset we saw incredible potential in the Platinum1 project and the unique benefits it offers for commercial and residential development, and as the project nears completion we are very confident of its success in achieving the targets as expected.” With an established track record as one of the top realty investors, Pragnya Fund has developed HSBC Data Processing Centres in Colombo, Vizag and Kolkata. They are presently involved in projects such as L&T Tech Park in Kochi, Habitat Crest in Bangalore, VGN Hazel and L&T South City in Chennai.
Pragnya provides expert value added services in the real estate business to all of the projects it has invested in. The total property development the fund is engaged in exceeds 14 million sq. ft. of combined development space, with more than 7,000 residential units.
“We are very pleased with the progress of Platinum1 so far, and our partnership has proved highly fruitful. This will indeed be another prestigious project in our list of successes,” Subba Dukkipati, Managing Partner of Pragna Fund, commented.
A project built on a very firm financial foundation, Platinum1 with the unwavering support of their investors and the strengths of their partners Paharpur and Pragna Fund have been able to fast track the construction to near completion.
Kishore Reddy, Managing Director and CEO of Platinum Realty Investments, stated: “Location plays a major part, Bagatelle Road is situated in a highly sought after residential area of Colombo with connectivity to Duplication Road. The building faces the Galle Road – the main artery of commercial activity with access to Marine drive; and as an added attraction, offers excellent views of the sea.” Residents at Platinum1 will have the convenience of being at the very heart of ‘town’ with easy access to schools, hospitals, shopping malls, restaurants, entertainment venues as well as convenient connectivity.
The ground to third floor of the building houses 60,000 sq. ft. of commercial space and is already home to several premium retail establishments.
A design collaboration between the renowned architects Manitayakul Associates of Thailand and Design Advocacy of Sri Lanka Platinum1 combines aesthetic appeal with solidity of structure, right throughout. Taking into consideration the increase in global seismic activity, Platinum1 takes extra care providing additional protection by using RCC post tension construction for the first time in a residential unit in Sri Lanka. This is provided by civil engineering contractors specialising in post tensioning – Tech9 International Ltd.
Speaking of another unique feature of Platinum1, Reddy stated: “Using autoclave-aerated modular bricks insulate the building from sound, and also acts as a highly effective fire retardant – another first in Sri Lanka.”
Perhaps the most impressive and first-of-a-kind feature is the multi-elevated automated car park. The automated valet car parking system has 216 slots and takes a mere matter of minutes or park or bring a vehicle back.
The interior design of the apartments and common areas of Platinum1 is handled by the globally renowned British Architect RIBA Sir Ian Jennings of PANARCH, Sri Lanka, working with international award winning Sri Lankan Architect Kumudu Munasinghe. Together, they have combined the best of international design standards blended with local sensibilities, creating an ambience of comfort and luxury with quality marble, granite and wood befitting this prestigious address. They have also designed an exquisite show apartment that reflects the airy and bright modernist style of the Platinum1 tower.
Fulfilling the objective of Platinum1 to offer an international five star hotel experience, they have designed exclusive recreation facilities on the fourth floor: a pool and deck facing the sea; surrounding which are a restaurant, a lounge and bar, the facilities of a spa which include ‘His and Her Saunas’ and an ice cold plunge pool; and a gym fitted out with state-of-the-art equipment. A function/meeting room is also available for entertaining or business gatherings. The apartments also benefit from a security controlled entrance with access from the retail areas and the car park driveway.
One vital factor sets Platinum1 truly apart – it is not just a dream on a plan. Unlike many projects that market apartment sales based merely on a plan without actual construction, the financial capabilities and strength of Platinum1 is evident in the fact that 100% of the superstructure is completed at the time of the launch. This gives the customer the advantage of viewing the exact space and extent, prior to purchase. This brings Platinum1 firmly out of the dream stage to stake its claim as a project that is very much a reality.
With the promise of convenience and five star luxury standards fused into one, Platinum1 plans to unveil its presence in the near future, and the show apartment will be ready for viewing soon.
Hemanthi Wanigasekera, Head of Sales and Marketing, Platinum1, stated: “We are entering the final stage of the project, and are now ready to unveil the dream. The finest address in Sri Lanka is a reality our prospective owners and residents can invest in. We have already made great progress in our sales, and both residential units and commercial spaces are highly sought after. And, with a five star service provider to handle the management and facilities, we offer an added advantage – guaranteeing high income on investment for those who intend to let, and a five star lifestyle for all living at Platinum1.”
