New high-end apartment complex in Hikkaduwa

Ocean Breeze Hotel Residencies Hikka a gilt edged investment

Above: Mr.  Dasun Wickramarathna,

Developers of Ocean Breeze Hotel Residencies Hikka, a Rs 6.5 billion project, recently announced the development to an elite audience at the Victorian Room, Kingsbury. 

According to Chairman Global Housing and Real Estate [Pvt] Ltd, Dasun Wickramarathna, the company that engages in condominium and real estate development activities in Sri Lanka and is a fully owned subsidiary of Global Leasing Limited (GLL) under the Global Group of Companies.

The company was incorporated in 2003 and at present counts for over 18 years’ experience in construction and real estate condominium development, according to a company media release.

“This latest project is a guaranteed, risk free, gilt edged investment and will be funded by our group with private partnership and banking finance which is strategically segregated in various stages of the development to mitigate the risks involved. Our bankers are Bank of Ceylon, Sampath Bank, National Development Bank, Hatton National Bank and Commercial Bank,” said Mr. Wickramarathna, speaking at the launch.

“We hope to have the ground breaking ceremony in March this year, with project completion in 36 months. Strategically located with beach frontage in Hikkaduwa, Sri Lanka’s most happening coastal area, Ocean Breeze Hotel Residencies – Hikka is set to become a hotspot for the adventurous and free-spirited socialiser and business person who can easily cruse in from the highway for a weekend or longer, thanks to its convenient location close to the highway,” he added.

A  70-metre beach front development, lined with cool cafes, refined restaurants, a chilled-out beach club, up market boutiques and a spa, it is in close proximity to all beach activities such as snorkeling, fun boards, jet ski and a turtle hatchery, while whale watching is just a mere 15 minutes by boat. The statement said this integrated resort will define tourism and hospitality in the area and is geared to earn a minimum 30% to 40% capital gain. The project will also generate around 400 direct and indirect job opportunities in and around the area.