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4th PropertyGuru Asia Property Awards Sri Lanka showcases premier developers and projects

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Organisers of the PropertyGuru Asia Property Awards recently revealed the winners and commended awardees of the 4th Annual PropertyGuru Asia Property Awards (Sri Lanka).

Sri Lanka’s leading real estate awards programme made its highly awaited return this year with accolades for the premier development companies in the island nation. A leading name in high-quality, luxurious residential developments in key locations, Home Lands Skyline (Pvt) Ltd won the title of Best Developer, one of seven awards the company garnered this year. Kelsey Developments PLC, a pioneer behind gated community and lifestyle residential community concepts in the country, won Best Lifestyle Developer, a title presented for the first time this year.

Projects by Home Lands Skyline (Pvt) Ltd dominated the coveted Best of Sri Lanka awards. Canterbury Golf Resort Apartments was named Best Condo Development (Sri Lanka), in addition to Best Condo Development (Colombo Metropolitan Region). Canterbury Golf Villas garnered the Best Housing Development (Sri Lanka) title, as well as the Best Housing Development (Colombo) and Best Townhouse Architectural Design awards.

Central Park Ja-Ela by Kelsey Developments PLC won Best Housing Architectural Design, plus the Highly Commended award for Best Housing Development (Colombo). Kelsey Developments PLC also earned the Highly Commended award in the Best Condo Development (Colombo Metropolitan Region) category for Urban Gateway Kottawa.

Home Lands Skyline (Pvt) Ltd received the Special Recognition in ESG for promoting environmental consciousness and embracing sustainable initiatives like solar power use and waste segregation, as well as making generous contributions to the wider community.

Hari V. Krishnan, Chief Executive Officer of PropertyGuru Group, said: “Congratulations to the recipients of the 2021 PropertyGuru Asia Property Awards (Sri Lanka). Your well-designed homes, serene golf communities, and inspired lifestyle developments attest to the continuing maturation of a truly promising property market. The future of Sri Lankan real estate looks bright based on your amazing projects.”

Jules Kay, Managing Director of PropertyGuru Asia Property Awards and Events, said: “We’ve once again reached thousands of developers, agents and investors throughout the region with a dynamic combination of physical and virtual gala presentations. We’re delighted to see more entries returning from Sri Lanka as the property market recovers.”

The virtual awards presentation of the 4th PropertyGuru Asia Property Awards (Sri Lanka) premiered on AsiaPropertyAwards.com and the programme’s official live channels on Facebook, YouTube, and LinkedIn. Highlights of the show will be broadcast on the History Channel.

The list of awardees of the PropertyGuru Asia Property Awards (Sri Lanka) was determined by an independent panel of judges consisting of Dr. Nirmal De Silva, Awards Chairperson and Director and CEO, Paramount Realty; Emeritus Prof. Chitra Weddikkara, Managing Director, QServe Pte Ltd.; Nandike D. Samaranayake, Chartered Architect, AIA (SL); Natalie Pendigrast, Founder and Director, Pendi PVT Ltd; Nilesh De Silva, Chartered Architect and Director, Kahawita De Silva & Associates Pvt Ltd (KDS); Roshan Madawela, Founding Director and CEO, RIU Real-Estate Intelligence Unit; Stephanie Balendra, Director, Homes N Spaces Lanka Properties (Pvt) Ltd.; and William Vincent Asoka Tilakawardane, Fellow of the Institute of Project Managers (Sri Lanka).



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Berendina bags Silver at the CA Sri Lanka 56th Annual Report Awards

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From left: Sarath Chandra Fernando - Director-BMIC, Charith Fernando - Deputy Managing Director-BMIC, Saman Manatunga - Acting Head of Finance-BMIC, Dilhara Jayasinghe - Assistant Manager Compliance & Corporate Relationship-BMIC, Ranel T Wijesinha - Past President CA Sri Lanka, Jagath Godakanda – Chairman-BMIC, Chaaminda Kumarasiri – Chairman-Annual Report Awards Committee 2021 and Chamila Cooray - Alternate Chairperson-Annual Report Awards Committee 2021

Berendina Micro Investments Company Limited, better known as BMIC among its microfinance clientele and partners, won the Silver award at the 56th Annual Report Awards organized by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka), under the category of Finance Companies and Leasing Companies (total assets up to Rs. 20 Billion). Over 70 companies, ranging from conglomerates, multinationals to non-profit organisations, and SMEs, were honoured at this year’s competition for their excellence in financial reporting. The gala event of this year held on 09th December 2021 at BMICH. Being the first Microfinance Company licensed by the Central Bank of Sri Lanka, BMIC is no stranger to this annual competition having won a prestigious Gold Award in 2017 and Merit Award in 2018.

The award from CA Sri Lanka is the fourth award to be won by BMIC during the financial year 2021, having won 3 international awards, namely, ‘The Best Microfinance Company in Sri Lanka’ and ‘The Best Agricultural Lending Company in Sri Lanka’ awards from the UK based Global Banking and Finance Review magazine as well as ‘Donor’s Choice Award’ at the international competition conducted by SCALE Green Creative Adaptation Awards in USA in 2021. Focused on poverty alleviation, BMIC as a Microfinance Institution (MFI) extends micro-credit facilities and enterprise development services that ensure long term sustainability and growth of business ventures of its clients, providing loans at the lowest interest rate compared to other MFIs in Sri Lanka. At present, BMIC manages a loan portfolio of over Rs. 3.1 billion and an annual turnover exceeding Rs. 900 million. It supports well over 70,000 microfinance clients through its 30 Branches in 11 districts. The CA award bestowed on BMIC is another testament to its commitment in continuously supporting its clients to overcome the obstacles during difficult times, while preserving its transparency in reporting, corporate governance, sustainability and social responsibility.

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SLIC repositions Business Club insurance with more focus on SMEs

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Sri Lanka Insurance last week announced repositioning of its Business Club insurance, a trade insurance policy which provides a comprehensive business insurance solution to fit for the diverse insurance need of small and Medium enterprises (SME).

“According to the Export Development Board of Sri Lanka SMEs are considered to be the backbone of the economy with a contribution up to 52% of the GDP. SMEs play a crucial role to battle the poverty in the country providing employment opportunities for the youth as the SMEs does not require capital than large firms. Further SMEs increase tax bases much quickly when compared to large firms,” an SLIC news release explained.

“Recognizing the importance and vital contribution made to the economy by SMEs, Sri Lanka Insurance went back to the drawing board to refine the “Business Club” comprehensive insurance solution to cater to the unique requirements of the businesses,” it said.”

“Therefor the insurance solution was developed to reinforce the success and safety of the businesses.”

The insurance plan will provide protection for any businesses be it retail, grocery store, supermarket, pharmacy or any other covering many perils inclusive of environmental dangers such as floods, cyclone, fire, lightning as well as other factors such as breaking and burglary, SLIC explained.

The release further said an array of main covers are available for businesses inclusive of fire and/or lightening, explosion, malicious damage, aircraft damage, earthquakes along with the free covers such as cost of removal of debris, loss of rental, architect, surveyors, consulting engineering fees, cost of alternative accommodation etc..

A range of additional covers are also available at an additional premium for businesses to choose. Money insurance during transit and while at premises, accidental breakage of glass cover, sign board cover, electronic equipment all risk cover are among the many additional covers offered.

Interested parties who’d like SLIC to assist in developing an insurance solution that covers the business risks can contact SLIC call center on 011 2 357 357.

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German fruit and tea importers stresses importance of packaging

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Jan Paul Bethke, a leading German importer of Sri Lankan fruits and tea, at a recent

EDB-organized event, urged Sri Lankan agri-product exporters to practice effective and superior packaging if they are to be successful in terms of capturing markets in Europe.

“If you package your product well, include a QR code (incorporating extensive details such as the farmer who grew products), and convey a personalized story, customers in advanced markets such as Germany and Europe would develop an affinity with your products”, Bethke noted.

He made these remarks at a Jan. 12 forum forum organized by the Sri Lanka Export Development Board (EDB) on packaging and value addition strategies to enhance Sri Lanka’s agri-product exports to Germany, an EDB news release said.

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