CIR to expand branches, business
Ceylinco Investments & Realty Ltd (CIR), which says it has impressive achievements in both its finance and real estate businesses, is planning a branch expansion and has obtained approval from the Central Bank to open a branch in Ja-Ela.
CIR recently completed two major joint venture projects - the Realty Plaza shopping complex at Ja-Ela and the Realty Plaza shopping and apartment complex at Nawala.
At present, plans are underway to build a third joint venture shopping and apartment complex at Nawala, according to Deputy Chairman, CIR, Sanka Wijesinghe. Construction on this venture is scheduled to commence in January 2008, and expected to be completed in early 2010.