BOI signs an investment agreemtn to build tallest building in Sri Lanka

One of India’s biggest Real Estate Development Groups Shreepati Edifice (Pvt) Ltd has signed an agreement with the Board of Investment of Sri Lanka to invest US$ 330 Million to construct a Mixed Development Hybrid project of 1996 Iconic Tower.

This magnificent high-rise iconic tower will be the landmark and the tallest building in the country.

The Tower will comprise of Ground +96 Floors with an approximate height of 363 meters and when completed with 376 residential apartments, 92 Penthouses and modern amenities like Entertainment Desk, Business Center, Swimming Pool, Gymnasium, Spa, Outdoor Yoga and Sky Decks.

It is anticipated that the tower will be completed within 48 months.

The structure of the building is Tubular and is tribute to the Sri Lankan Cricket Team, which won the World Cup in 1996.

Mr. Upul Jayasuriya, Chairman, BOI signed the agreement on behalf of the Board of Investment of Sri Lanka and Mr. Rakesh Chandra Pandey and Mr. Rajan Sirivastav Directors have signed on behalf of the Shreepati group.

This state-of-the-art iconic tower will be constructed on a 2 acre land at Rajagiriya which has been leased out to the M/s Wills Relators (Pvt) Ltd by the Urban Development Authority.

(Government News Portal)