Capitol TwinPeaks forges ahead, amidst industry challenges

Capitol TwinPeaks, the 50-storey twin-tower mixed residential development under the Sanken Group, continues construction for delivery in 2021, amidst several hardships faced by Sri Lanka’s real estate and property industry.

Major property developments around Sri Lanka continue to face significant challenges in completing projects due to shortages of raw materials for construction. However, Capitol TwinPeaks continues to work strategically, beating the odds at every turn, the company said in a media release.

Having achieved major construction milestones of the development, prior to the initial nation-wide lockdown, the project continues to overcome the current shortages and restrictions faced by a large proportion of the industry. This is largely due to Sanken’s deep roots stemming from the Japanese - Mitsui group, which inculcated strategic planning to deliberately ensure the continuation and success of the TwinPeaks project, as the Sanken Group pre-ordered raw materials much ahead of the scheduled requirements.

Capitol Towers (a subsidiary of Capitol Developers), Managing Director - Rohana Wannigama, said: “The Sanken name is synonymous with timely delivery and high-quality construction that rivals international projects. Due to strategic forward-thinking and necessary planning, the project forges ahead, working towards apartment handover starting from end June 2021. ”

With both contractor (Sanken Construction) and developer (Capitol Developers) being members of Sri Lanka’s premier construction giant Sanken Group and Singapore’s P&T as its architectural design partner, Capitol TwinPeaks is set to stand as a landmark amidst landmarks.

For more information, visit www.capitoltwinpeaks.com