ODEL, the premier department store owned and managed by Softlogic Holdings, made two major announcements on Tuesday – taking ‘giant’ space at the proposed Shangri-La mall in Galle Face, Colombo and investing US$105.7 million in its proposed Ward Place development.
ODEL said it was leasing out 54,454 sq feet at “The Mall at One Galle Face” and signed a 5-year lease with Shangri-La Hotels Lanka Pvt Ltd for this purpose. The Shangri-La hotel and mixed development project, on the old army headquarters property, is due to open later this year.
The company also said in the announcement to the Colombo Stock Exchange that it has signed an agreement with the Board of Investment for a mixed development project at its Ward Place property in Colombo. – ENDS -
A Sri Lanka Air Force Bell 212 helicopter belonging to the No. 72 squadron has crashed into the Madhuru Oya reservoir this morning, Air FOrce Media Spokesman Eranda Geeganage said.
Read this week’s Sunday Times for your interesting articles including the ’’5th Column’’.
In its first electoral test since taking power, the ruling National People’s Power (NPP) fell short of expectations, winning only around 40 % of the national vote in Tuesday’s local government election and falling short of enough seats to gain control of the majority of councils.
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