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Asset Management Update - August 2022
Further to our political update please find attached our asset management update and issues at large in Sri Lanka.
Sri Lanka: Political Update - July 2022
Sri Lanka is going through an unprecedented time of crisis due to economic and political instability. The island nation is grappling with protests, a lack of fuel and gas, and an impending food shortage. Learn about the current political environment and the ongoing situation.
Sri Lanka: Situation Update - May 2022
Currently, the island is grappling with an economic and political crisis. The current administration is being pressured by the people for solutions to the shortage of essentials such as gas, fuel and food, and foreign currency.
On’ally Holdings gets 4 directors from new controlling shareholder Lanka Realty Investments
On’ally Holdings PLC this week appointed four new directors representing the controlling shareholder Lanka Realty Investments PLC (RIL) following the latter’s acquisition of 50.8% stake, or 47.24 million shares, for Rs. 1.42 billion in December 2020.
Unity Plaza to become Sim Lim Square of Sri Lanka
In Sri Lanka, regardless of your level of tech expertise or enthusiasm, Unity Plaza is the name that comes to mind if you’re looking to make your next IT purchase.
LRI gets bullish with Rs. 2.8 Billion takeover move of Unity Plaza owner On’ally Holdings
New kid in the real estate industry, Lanka Realty Investments Plc (LRI) yesterday walked the talk of its optimism with a Rs. 2.8 billion takeover move of Colombo 4-located Unity Plaza owning company
Policy reform key to attract Foreign Direct Investment and spur economic growth
An opportunity has emerged for Sri Lanka to attract high quality Foreign Direct Investments (FDIs) in the prevailing COVID-19 backdrop.
Chance to grab high quality FDI amid Covid-19 backdrop
An opportunity has emerged for Sri Lanka to attract high quality Foreign Direct Investments (FDI’s) in the prevailing COVID-19 backdrop, says Executive Director, Steradian Capital Investment, Hardy Jamaldeen.
What it takes for Sri Lanka to achieve 5 million tourists by 2021
Doubling of tourist arrivals to five million in three years requires Sri Lanka to take some bold and innovative measures apart from effective marketing of a more organised tourism destination, a top expert opined.
Lanka Realty Investments launches HQ Colombo
Lanka Realty Investments PLC launched its newly-refurbished head office – HQ Colombo – and held cocktails recently at 464A, T. B. Jayah Mawatha, Colombo 10.
Lanka Realty Investments concludes largest acquisition share swap of Rs. 5.6 Billion
Lanka Realty Investments Plc (LRI) has recently concluded the largest-ever acquisition share swap worth Rs. 5.6 billion.
Lanka Realty Investments to buy six related private companies for Rs. 5.6 Billion
Lanka Realty Investments PLC Board has resolved to acquire six private companies in commercial property, affordable housing, tourism, and leisure sectors, which are related parties through the issue of 149,179,853 ordinary voting shares of the Company via a Share Swap /Private Placement.
LKR 632m Rights Issue
Lanka Realty Investments, a Sri Lankan real estate investment and development company, said in a stock exchange filing its rights issue to raise 632 million rupees had been fully subscribed.
Lanka Realty Investments debuts
Lanka Realty Investments PLC (formerly known as Ascot Holdings PLC) is making a fresh foray with the core vision of becoming the foremost listed real estate investment and development company in Sri Lanka, attracting overseas investors merged with the local retail investors.
Certificate of Incorporation - Lanka Realty Investments
Ascot Holdings PLC changes its name to Lanka Realty Investments PLC. Find the attached document which shares the Certificate of Incorporation for Lanka Realty Investments PLC issued by the Registrar-General of Companies.
Big boost for foreign investment into listed companies
Foreign investments into listed companies are set to get a big boost following the recent amendment to the Land Restrictions on Alienation Act.
Local-foreign consortium buys 45% stake in Ascot for Rs. 241mn
A consortium of local and foreign investors yesterday purchased a significant stake in the property development and hospitality holding company Ascot Holdings PLC (Ascot), as the firm’s two largest shareholders exited.
Delay in 2017 Budget move locks billions of capital in listed firms
A near year-long delay in gazetting a 2017 Budget-approved liberalisation move is locking up billions of capital in listed firms and discouraging a higher inflow of foreign investment into the country, according to property sector experts.
AV15: Contemporary city living
AV15, also known as Alexandra Villas, is the latest endeavour by the group operating the trendy W15 beachfront boutique hotel in Weligama. Keeping up to its reputation of providing sophisticated hospitality for the new age traveller, AV15 is its version of contemporary city living.
Latest boutique hotel W15 Weligama to wow guests
W15 Weligama is the latest boutique hotel to open in Sri Lanka. It offers 10 exclusive and individually themed bedrooms. Each room has its own unique character and flavour waiting to be discovered and enjoyed by the guests.
Rs. 2.5 Billion Mulberry residence for young professionals
Sri Lanka Steradian Capital, a privately owned real estate development and consultancy business, unveiled plans for an apartment complex with an investment of 2.5 billion rupees targeting middle-income young professionals.
Steradian Capital on the march to serve real estate boom
Sri Lanka has undergone a tumultuous political upheaval over the course of the last year, and with it, investor confidence in the island nation has been in a state of flux.
Real Estate Gems In Sri Lanka with Steradian Capital
The island of Sri Lanka’s capital markets are going through a period of high capital investment. With the end of a 26-year civil war in 2009, the country is opening up tourism, international shipping, international trade and scaling up domestic businesses.
Mulberry Residence to transform skylines of Colombo
Steradian Capital, a privately owned, real estate development and consultancy business, unveiled its plans for an affordable apartment complex, at a ceremony that was held at the Taj Samudra, Colombo recently.