JKH’s TRI-ZEN superstructure speeds ahead from January 2020
View(s):Ramping up progress on its ground-breaking TRI-ZEN residential development project, John Keells Properties (part of the John Keells Group) has said that construction of the property was proceeding according to schedule, as work commenced on the building’s superstructure in January 2020.
Construction underway at the site.
Located in the heart of the city at Union Place, the 53-storey development is set to redefine affordable, quality urban living in Sri Lanka. The 891 homes at TRI-ZEN will incorporate cutting edge design principles to deliver unmatched convenience and comfort, in addition to over an acre of community space, and state of the art smart home technology that will completely redefine urban living in Colombo, the company said.
“With the commencement of construction on all of the above-ground structures at TRI-ZEN, the project is moving swiftly along, and we are very excited to take another major step forward while staying in line with the schedule. Our goal is to raise the standard of what is expected of a metropolitan residential development in Sri Lanka by incorporating the best of technology and community-focused design, and we are proud to say that this vision is coming together quite impressively,” said Lumbini Pathirage, Head of Engineering at John Keells Properties, in the media release.
The culmination of the joint venture between John Keells Holdings PLC and Indra Traders, the TRI-ZEN project aims to establish a vibrant metropolitan space in the heart of Colombo. Projected to reach completion by early 2023, TRI-ZEN will provide city-dwelling professionals and entrepreneurs with stylish and affordably priced apartments – right in the bustling centre of the vibrant Colombo metropolitan area.
Commenting on the performance of the wider real-estate sector in Sri Lanka, Mr. Pathirage noted that while domestic demand for vertical living is only projected to rise with increasing urbanisation, market conditions had been relatively subdued over the past quarter.
“We have been extremely encouraged by the strong and persistent demand that we have had for units at TRI-ZEN. Our unbeatable location, price, and of course the investment potential that is possible as a result make it an extremely attractive option for casual and veteran real estate investors alike. As we continue to move forward with construction at a very impressive pace, we expect demand for TRI-ZEN units to surge even further,” stated Nadeem Shums, Head of Sales at John Keells Properties.
TRI-ZEN will have 1, 2, and 3-bedroom units for sale, priced in rupees, and starting at a price of Rs. 26 million. John Keells Properties is working with several banks to provide customized mortgage financing options too. The project is scheduled for completion in 2023. A show apartment at Vauxhall Street is also open for viewing.