Mulberry Residence–to transform the skylines of Colombo
View(s):Steradian Capital, a privately owned, real estate development and consultancy business, last week unveiled its plans for an affordable apartment complex, at a ceremony in Colombo.Located in Colombo 9, Mulberry Residence, is the latest housing complex that is set to transform simplicity into quality and sustainability. Consisting of three towers, each over 15 floors, the ground to 2nd floors, consist of a connecting podium dedicatd towards a reception and parking, along with 11 residential floors (3rd -13th floor) and a roof top entertainment space, with two swimming pools, a gymnasium and children’s play area (14th floor), is expected to be completed by the end of January 2018, the company said.
The apartments range from 1,000 – 1,600 sq. ft, with a mixture of 2-3 bedrooms and have been designed with a meticulous eye towards space planning and detail, it said in a media release. The development of the apartment complex will be in collaboration with the Yanjian Group, one of the top 250 construction companies in the world. The construction period (including piling) will take 24 months; ensuring customers will enjoy a fast construction period, from conception to tangible living.Hardy Jamaldeen, a Directorof Steradian Capital said, “We are delighted and privileged to have the Yanjian Group as our construction partner as they are responsible for some of Sri Lanka’s greatest construction projects.
aving understood that development is much more than creating homes, we at Steradian Capital are committed to working with local people and communities. The vision for the project comes from our desire to improve the affordable and professional housing sector in Sri Lanka, as we have identified a need for it”. The company said Pan Asia Bank, Sampath Bank, Commercial Bank, Bank of Ceylon and HNB have come on board to extend their support for loan facilities at very attractive interest rates and several other major banks are expected to come on board in the near future.