Govt. to release 45 properties for potential investors

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)