Govt. to release 45 properties for potential investors

News

The Government will be releasing 45 properties belonging to the Urban Development Authority (UDA) under nine clusters beginning 2022. Potential local and foreign investors could lease the properties up to 99 years. The announcement was made during the UDA Investment forum held at the Water’s Edge in Colombo on Thursday.

The clusters include high-rise mixed development, middle-rise mixed development, IT base development, Beira Lake WaterFront Development, hospitality and leisure development, residential tower development, office tower development, logistic hub development and multi storey car park cum mixed development

The 45 properties are all around Sri Lanka including Trace City (Tripoli) land at Maradana, Welikada Prison land, Air Force land in Slave Island, Galle Town Centre land in Galle, Dematagoda land, Battaramulla Town Centre land, Agriculture Department at Narahenpita, SLECC land, CW Mackie Plc land, People’s Bank Training centre site. (RM)

Comments

Still No Comments Posted.

Leave Comments

Most Reviews

May 31, 2025

- 472 - 0

Flt Lt Kasun Cumaratunga , more than a pilot, a guardian remembered on his 37th death anniversary

Kasun, was born in 28th Sept 1964, the grandson of the legendary author and linguist Munidasa Cumaratunga and son of SSP Bindu Kumaratunga and Winifred

June 2, 2025

- 443 - 0

National Tax week launched

The Inland Revenue Department (IRD) backed by the Excise and Customs Department today launched a fresh drive to collect taxes including some Rs.780 billion listed as ‘collectable defaults’.

June 2, 2025

- 342 - 0

SriLankan Airlines’ new A330 Fleet to perform low fly past over Colombo on Wed.

May 29, 2025

- 258 - 0

Mahindananda and Nalin Fernando Jailed

Former Sports Minister Mahindananda Aluthgamage and former Sathosa Chairman Nalin Fernando have sentenced to 20 and 25 years respectively after they were found guilty in a case of fraud.

May 30, 2025

- 254 - 0

In Pix: Weather situation in Colombo

June 3, 2025

- 183 - 0

Krishanthi Kumaraswami convicts FR dismissed by SC

The Supreme Court today unanimously dismissed a Fundamental Rights petition filed by five convicts in the 1996 Krishanthi Kumaraswamy abduction, rape, and murder case.