Rakna Property Holdings to invest $33.8M in Col 4
The Board of Investment has signed an agreement with Rakna Property Holdings Ltd., a subsidiary of Rakna Arakshaka Lanka Limited for a US$ 33.8 million mixed development project.
The agreement was signed Chairman of the Board of Investment of Sri Lanka, Sanjaya Mohottala Board Director of Rakna Property Holdings Ltd and Major General (Retd) Jagath Alwis, who represented the company’s Chairman Major (Retd.) Dulath L. Wijetilleke.
The project will commence with an initial investment of US$ 33.8 million, and will be located in Colombo 4, housing a 20-story office complex of high-tech and energy efficient rentable open spaces, complete with adequate parking facilities, executive luxury suites, a conference hall, a hi-end roof top restaurant and other amenities.