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Shangri-La appoints JLL as exclusive leasing agent for One Galle Face Tower in Colombo, Sri Lanka

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From left to right – Timothy Wright, Vice President (Operations) for the Shangri-La Group in Sri Lanka and Sanjeev Nair, Senior Director – Facilities and Property Management, JLL

In a first for the commercial real estate industry in Sri Lanka, the Shangri-La Group — one of the world’s premier developers, owners and operators of hotel and investment properties — has appointed JLL (NSYE: JLL) as its exclusive leasing agent for the One Galle Face Tower (OGFT), located in the heart of Colombo.

With the country setting itself aggressive foreign direct investment targets in 2021, the need for premium Grade ‘A’ office and commercial real estate from both domestic and foreign establishments is expected to intensify. JLL, with its operations in over 80 international markets, can pair its local market knowledge with its access to global multinational relationships and capital sources to better tap on the real estate inventory in Colombo, Sri Lanka.

Inaugurated in 2019, OGFT comprises approximately 531,000 square feet of luxury Grade ‘A’ office space spread over 38 almost column-free floors. OGFT is the only ready-to-move-in Grade ‘A’ office building in Colombo built to Green Mark Gold standards and offers landlord-operated flexible office options and meeting facilities specifically for its tenants.

Home to world-renowned banks, financial institutions and MNCs, OGFT provides corporations ease and convenience as it forms part of the larger One Galle Face development that comprises of the One Galle Face Mall, The Residences at One Galle Face and Shangri-La Colombo.

Timothy Wright, Vice President (Operations) for the Shangri-La Group in Sri Lanka, said, “We are excited to enter into this first-of-its-kind partnership with JLL, which we believe would be transformational for Colombo’s commercial leasing sector. One Galle Face Tower is among a small inventory of Grade ‘A’ commercial real estate here in the country. The variety of real estate solutions we can deploy, coupled with our trademark brand of hospitality for our clients, makes us a very attractive proposition for companies looking to upgrade their existing locations and move into premium buildings.

“Paired with JLL’s reputation as one of the top global real estate brokerages representing and advising some of the world’s leading multinational companies on their real estate needs, we believe we are well poised to attract additional new names to Colombo’s premier office address.”

“Our research shows that the latest real estate trends focus heavily on building quality, health and safety of employees, and a collaborative work environment. We are, therefore, very excited to represent Shangri-La due to the high-quality of asset, with premium amenities and advanced security features, having high potential to attract a prime tenant

mix. As their exclusive agent, we will provide Shangri-La with an end-to-end property leasing solution, from identifying the right tenant for the building to completing the lease execution process to the satisfaction of both the landlord and tenants,” said Jerry Kingsley, Country Head – Sri Lanka, JLL

“JLL has global experience and local knowledge, topped with an excellent track record in leasing transactions for premium Class A assets. The expertise of our team will ensure that the client has a seamless leasing experience from start to finish. We believe that the current tenant mix of OGFT and high market acceptance of the asset, backed by the developer’s exceptional regional track record and JLL’s global and local leasing expertise, will ensure this collaboration bears fruit and become one of the landmark partnerships contributing significantly to transforming the commercial real estate industry in Sri Lanka,” he added.

JLL first established operations in Sri Lanka in 2011. In the years since, the firm has garnered a reputation of combining local market knowledge with its access to global multinational relationships and capital sources, to provide Sri Lankan corporates, government agencies and clients with superior execution, towards transforming their real estate portfolios into efficient inventories, as well as in raising capital for real estate assets. JLL has been recognized by Ethisphere, a global leader in defining and advancing the standards of ethical business practices, as one of the 2021 World’s Most Ethical Companies.

 



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Indo-Sri Lanka Chambers forge alliance to drive infrastructure and real estate investment

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The exchange of the MoU between the two organisations

By Sanath Nanayakkare

In a major boost to bilateral economic ties, the Chamber of Construction Industry of Sri Lanka (CCISL) and the Indo–Sri Lanka Chamber of Commerce & Industry (ISCCI) have signed a strategic Memorandum of Understanding (MoU) to deepen cooperation in real estate, infrastructure, and urban development.

The agreement establishes a formal framework for both institutions to drive collaborative initiatives, including business delegations, high-level conferences, workshops, B2B matchmaking sessions, and technical site visits. Designed to bridge businesses, government institutions, and project stakeholders across the Palk Strait, the partnership aims to unlock new avenues for cross-border joint ventures and technology transfers.

A focal point of this newly minted partnership is the facilitation of an upcoming trade delegation from the National Real Estate Development Council (NAREDCO) of India. Comprising major Indian players in the real estate and infrastructure sectors, the visiting delegation will engage in targeted business meetings, workshops, and inspection tours of prominent construction projects in Sri Lanka.

Under the terms of the MoU, CCISL will serve as the principal host coordinator in Sri Lanka. In close consultation with ISCCI, the apex construction body will curate itineraries, identify viable projects for engagement, and facilitate high-level dialogues with key government agencies, regulatory bodies, and industry leaders.

With both nations prioritizing sustainable urban growth, modern construction technologies, and infrastructure expansion, industry leaders view the partnership as a timely catalyst for economic rejuvenation. The collaboration is anticipated to accelerate market access, knowledge exchange, and foreign direct investment into Sri Lanka’s burgeoning property and development sectors.

To ensure the success of the upcoming NAREDCO delegation, CCISL has issued an urgent appeal to statutory authorities and relevant project owners to come forward with viable investment proposals. Stakeholders holding projects seeking foreign investment or technical partnerships are invited to submit comprehensive details to the Secretary General and CEO of CCISL via email at secyces@gmail.com.

Both chambers emphasize that translating this foundational agreement into tangible partnerships and robust capital flows will significantly strengthen bilateral connectivity between the construction and real estate sectors of India and Sri Lanka.

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Hettich celebrates a decade in Sri Lanka with partner meet in Colombo

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Over the past decade, Hettich has strengthened its presence in Sri Lanka through its focus on German engineering, innovation, quality and functionality

Hettich, the globally renowned German manufacturer of furniture fittings and architectural hardware known for its state-of-the-art manufacturing plants and magical interior solutions across the world celebrated a significant milestone in Sri Lanka, marking 10 years of presence in the country with its inaugural Partner Meet in Colombo.

The landmark event brought together Hettich’s key partners, stakeholders and industry leaders to celebrate a decade of growth, collaboration and shared success, while reaffirming the company’s long-term commitment to the Sri Lankan market.

Over the past decade, Hettich has strengthened its presence in Sri Lanka through its focus on German engineering, innovation, quality and functionality, contributing to the creation of contemporary and intelligently designed living and working spaces across the country.

The gala evening was graced by a distinguished delegation of senior leaders, including Dr. Andreas Hettich, Chairman, Hettich Group Advisory Board; S. K. Poddar, Chairman, Hettich India & Adventz Group; Mr. Akshay Poddar, Director, Hettich India; Andre Eckholt, Managing Director, Hettich India, SAARC, Middle East & Africa; Rahul Thakkar, Director – Sales, Hettich India & SAARC; and Dinusha Bhaskaran, Managing Director, Vallibel One PLC.

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GS Evo Motors launches all-new JMEV EWIND

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Priyantha Perera, Chief Executive Officer of GS Evo Motors (left), and Sunil Wettasinghe, Chairman of GS Evo Motors, introducing the latest JMEV Ewind Electric SUV to the local market

GS Evo Motors Limited, the authorized distributor of JMEV electric vehicles in Sri Lanka, has officially launched the JMEV EWIND, a next-generation compact electric SUV. The vehicle is designed to offer strong performance, intelligent technology, premium comfort, and high safety standards, marking another milestone in Sri Lanka’s growing electric mobility sector.

The EWIND features a sleek, aerodynamic exterior with penetrating LED daytime running lights, trapezoidal chain-inspired LED tail lamps, 19-inch alloy wheels, and a bold silhouette. Inside, it offers a spacious cabin with a panoramic moonroof and retractable curtain, an ultra-thin suspended instrument panel, a D-shaped multifunction steering wheel, multi-colour ambient lighting, premium finishes, and electrically adjustable front seats.

The SUV is available in single-motor front-wheel drive configurations, producing up to 108 kW and 210 Nm, with 0–100 km/h acceleration in 8.9 seconds.

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