Financially, operationally and culturally positioned Blue Ocean Group to transform construction, real estate industry

Group Chairman/CEO Sivarajah Thumilan

Non-Executive Director Prakash Schaffter

Executive Director Namal Godellawattage

Executive Directors Suranee Thumilan

Non-Executive director Sarravanan Neelakandan

Non-Executive director Bradley Emerson

Non-Executive director Wasantha Galagoda

• Enters gated housing market with the latest acquisition of Kelsey Developments PLC

Blue Ocean Group of Companies, a real estate conglomerate with a well-balanced portfolio, has entered the gated housing market with the latest acquisition of Kelsey Developments PLC.

Kelsey Developments PLC is a well-established player in the real estate sector with over 200 completed projects and over 3000 satisfied customers during its 35 year span. With such an esteemed company, becoming the newest member of the group, it marks a historic milestone and further strengthens our presence in the real estate market and complements its capabilities to serve its clientele while creating greater value for customers, business partners and team members.

The dynamic Blue Ocean Group of Companies, has evolved over the years to become a versatile conglomerate, and adopts an inspired namesake from the “Blue Ocean Strategy”; one that describes growth and profit. With a diverse portfolio to its name that includes its flagship brand Blue Ocean, the Group takes bold strides as it strives to uphold a reputation of ethical, innovative and constructive practices not only in Sri Lanka.

The core business philosophy behind the Company is the “Blue Ocean Strategy”, which generally refers to “the creation by a company of a new, uncontested market space that makes competitors irrelevant and that creates new consumer value, often while decreasing costs.” In other words, creating and taking a completely new concept to the market, by lowering costs, thereby delivering an affordable product to existing and new customers, while eliminating competition.

Blue Ocean Group of Companies is a dominant force in the growth of Sri Lanka’s construction industry with its multifaceted organisations in construction, engineering and design. The company operates with the vision of providing stakeholders with the highest level of professional services unparalleled by any, through commitment, ethical and timely services exceeding the expectations to achieve strong lasting relationships.

The Group’s proven track record of excellence can be attributed to its emphasis on innovation, strategy and sustainable growth. With the support of its construction arm Link Engineering Ltd the Blue Ocean Group continues to work on its existing high-rise projects in Colombo, Mount Lavinia, Nugegoda, Nuwara Eliya and its gated housing project in Ja-Ela.

Kelsey Developments, a company listed on the Colombo Stock Exchange is the premier housing developer in Sri Lanka with over 40 years of expertise and a portfolio of over 200 real estate and housing projects completed. Kelsey Homes is synonymous with gated housing developments and luxury living.

The Company’s successfully completed and ongoing projects include Templer’s Square in Mount Lavinia, Riverside Luxury Bungalows, Verdant Villas Negombo, Urban Gateway Kottawa, Urban Heights Wattala, Central Park Ja-Ela, and Kelsey Palace luxury - a high-rise apartment project in Nugegoda.

Kelsey Developments has also refreshed its director board with a group of well-renowned industry professionals who have the privilege of taking Kelsey forward to its next chapter. The board includes Group Chairman/ CEO Sivarajah Thumilan, Executive director Suranee Thumilan and Namal Godellawattage while the Non – Executive directors Prakash Schaffter, Sarravanan Neelakandan, Bradley Emerson and Wasantha Galagoda join the board.  

Link Engineering, a proud member and the construction arm of the Blue Ocean Group of Companies, is a household name in Sri Lanka for construction and is one of the first few construction companies in the country with experience spanning over four decades. Having been recognized with many awards for their construction excellence over the years, Link Engineering has-undertaken a number of successful Government and non-Government projects in the past and continues to forge ahead in its trail blazing journey, keeping in line with their promise of quality, stability and integrity.

The company currently has a number of condominium projects as well as a variety of public and Government projects such as hospitals and universities under its wing that have been entrusted to the group and continue to be the construction partner for Kelsey Homes projects.

The company is currently involved in a large number of construction projects that range from local and Indian Government-funded constructions such as universities and infrastructure projects to urban luxury condominiums. As a member of the Blue Ocean Group, Link Engineering has already provided a sound financial plan for 2023 and 2024 with many condominium and Government constructions in Jaffna, Trincomalee, Kandy, Gampaha, Colombo, Ja Ela, and Nuwara Eliya.

However, the Group’s diversified clientele ranging from locals to the international community ensured that the Group not only managed to stay financially strong but also prosper well, as a company. Sri Lanka’s programme with the IMF is expected to increase the confidence amongst potential investors and it is most likely to bring opportunities for local contractors.