Galle Face Properties develops new property
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From left - Representing Sampath Bank, Tharindu Dhanushka (Relationship Manager - Corporate Credit), M. H. U. Dhananjaya (Chief Manager - Corporate Credit), Shashi Kandambi Jassim (Senior Deputy General Manager - International Banking) and representing Galle Face Properties Ltd Shamindra Rajiyah (Director) and Palitha Gunathilaka (Director).
Galle Face Properties Ltd, a subsidiary of conglomerate Renuka Holdings PLC, recently partnered with Sampath Bank PLC, as the exclusive project funding partner for the development of the Galle Face Icon, a 30-storey building with grade A office space, amenities, serviced suites and recreational areas located between the Beira Lake and Galle Face Green, the company said in a media release.
Commenting on the funding amounting to Rs. 4 billion, Senior Deputy General Manager – International Banking of Sampath Bank PLC Ms. Shashi Kandambi said, “We are pleased to be a part of this prominent and upcoming flagship project of the Renuka Group – The Galle Face Icon – which we believe will be an important addition to the Central Business District of Colombo. We are proud to be associated with a true Sri Lankan conglomerate’s growth”.
Director Galle Face Properties Ltd Palitha Gunathilaka added: “We are equally pleased by the support extended by Sampath Bank and its foresight to partner with us on this iconic project”.
Architects of the project are PWA Architects while the construction of the project is handled by Sanken Construction (Pvt) Ltd. The ground breaking took place in 2020 and the development is expected to be completed in 2023.
Renuka Holdings PLC is a diversified organisation listed on the Colombo Stock Exchange and is the holding company for subsidiaries engaged in Agri Food export, Consumer brands, Property and Investments, tracing its roots to 1866.
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