SL’s World Trade Centre celebrates 25 years
View(s):Uniquely located in the heart of the Central Business District, the World Trade Centre (WTC) Colombo celebrates 25 successful years, continuing to mark its presence as the city’s most iconic commercial landmark and sought-after business address.
In 1991, founder and chairman of the Shing Kwan Group, Singapore S.P. Tao, with visionary foresight and entrepreneurial spirit set course to develop a futuristic commercial complex in the island. To achieve his goal, Mr. Tao acquired Overseas Realty (Ceylon) Ltd, a listed company in the Colombo Stock Exchange, which owned the undeveloped plot of land at Echelon Square, WTC said in a media release
As among the first and most prominent foreign investors in Sri Lanka, Mr.Tao realised that to fulfil his vision, an ingenious plan with three major givens was required – the most appropriate design concept, a world leading construction company and no bank borrowings.
His enthusiastic passion for Sri Lanka and unyielding confidence of its growth prospects, was brought to fruition with the 39-storey twin towers being commissioned. Fast tracking development for the country, the ground-breaking for the country’s then tallest structure, with an investment of US$130 million, took place in 1992.
It was at that time said to be the largest foreign direct investment (FDI) and years ahead of any commercial development in the country. On 12 October 1997, the WTC Colombo was formally declared open.
Today, the impressive office towers remain a renowned feature of Colombo’s skyline housing the largest business to business network under one roof, offering a corporate ecosystem comprising world-class infrastructure with many conveniences and amenities, WTC said.
Overseas Realty (Ceylon) PLC, Group Director/CEO Pravir Samarasinghe said, “WTC is recognised as a landmark workplace based in the heart of Colombo for many global and well-established local businesses. As we celebrate our milestone 25th anniversary, we take this opportunity to extend our gratitude to our clientele, partners, stakeholders and employees as we continue to be the best possible business address in Colombo. Moreover, our recognition, in-line with iconic global properties associated with the WTC brand, is a strong testament to the company’s dedication and commitment to excellence in providing quality office space.”
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