Business Times

D.R. Wijewardena Mw to be Colombo’s leisure hub

By Duruthu Edirimuni Chandrasekera

While the Urban Development Authority (UDA) has plans to sell its former head office at D.R. Wijewardena Mawatha Colombo 10, properties along that road are being hunted by prospective investors, following a proposal by the UDA to zone this area for leisure and entertainment projects.
“We’ll be advertising our former UDA head office at D.R. Wijewardena Mawatha which has five acres by next year for development,” Nihal Fernando, Director General UDA told the Business Times.

He added that 2011 will also see many such UDA-owned lands in the market. “Whatever we want to develop will be advertised,” he added. Aitken Spence Hotels PLC is eyeing the state-owned boat builder, Ceynor Foundation complex also in D.R. Wijewardena Mawatha for a 15-floor hotel project, according to company sources.

Other local firms are also said to be eyeing these prime properties. Indian chains such as the Taj Group, Chennai-based Asiana Hotels Pvt Ltd and the budget hotels group, the Duet Hotels are interested in some lands down this road.

The Singapore-based Pan Pacific Hotels Group and the European Accor Hotels, which operates in 90 countries also, has initiated plans of ‘ideally’ joint venture partnerships with local hotels.

Top to the page  |  E-mail  |  views[1]
SocialTwist Tell-a-Friend
Other Business Times Articles
Pension scheme discussion on Tuesday
Sri Lankan worker arrested in US over insider trading charges
Shangri-La leisure project kicks off in 2011
D.R. Wijewardena Mw to be Colombo’s leisure hub
World Bank assistance may double to Sri Lanka
Inflation up, says Central Bank
Hayleys chairman gets five more years
Two bankers and an old ‘Austin’ car
Comment - Imported coconuts, camel milk and ostrich eggs
Feature - Skill, luck and reversion to the mean
Feature - Our skies are safe
Sri Lanka welcomes 600,000th tourist
PCH enters mobile phone business
IMF says pleased with Lankan economic progress
Sri Lanka Railways can be turned around if there is political will
Weli moves out as Transparency Int. Executive Director
Rothschild Tea estate wins top entrepreneur award in Central Province
First 'Etisalat Business Edge' forum for SMEs held
SLT receives two prestigious awards for its 2009 Annual Report
Belgian investors upbeat following visit to Sri Lanka
Nestlé provides over 14,000 people across Sri Lanka with clean drinking water
Sri Lanka company becomes first global tea firm to be certified CarbonNeutralEswaran Brothers
WB Managing Director visits Sri Lanka
SL retail banking becoming more like hospitality
BellVantage appointed as Siemens Enterprise communications partner in Sri Lanka
Book - Central Bank of Sri Lanka Retrospect 1950 - 2010
Microsoft to guide Sri Lanka towards cloud computing
Bairaha to build new state-of-the-art chicken farm
Ceramics sector urges Govt. to reconsider proposed electricity tariff
Sri Lanka tourism with a local touch
Rs 5000 commemorative coin from Central Bank
Potential Sri Lankan economic boom draws Malaysian investors
Singer launches Whirlpool refrigerators
Asian wage growth remains positive despite economic crisis: ILO
Commercial Bank launches Chip Card with VISA
Cement Corp. to start work on KKS Harbour View hotel
Famous city landmark – the St. John Fish Market – moves to Peliyagoda
ICT entrepreneur offers tips to STBC members
Call for good corporate governance in Sri Lanka
Swadeshi launches ‘Safeplus’, effective solution to a germ free life
Novartis wins Alcon with cash sweetener
Mphasis exceeds a billion dollar in revenues
‘Adrenalin’ Human Capital Alignment software now in Sri Lanka
EFutures develops online 'Wish List' for Mattel
TRC to share profit on satellite
SLIC to shed some stakes to fund mega state projects
“Payment Guaranteed Cheque” from Sampath Bank


Reproduction of articles permitted when used without any alterations to contents and a link to the source page.
© Copyright 2010 | Wijeya Newspapers Ltd.Colombo. Sri Lanka. All Rights Reserved.| Site best viewed in IE ver 6.0 @ 1024 x 768 resolution