Business
‘80 Club’ in Colombo 7 becomes public property following UDA acquisition
* Opens the doors of the members-only club to the general public
* Run by Waters Edge as a high-end restaurant at present
* UDA looking for a lessee who can fully capitalize on the property as a heritage hotel
* Colombo has plans to create a ‘heritage corridor’ like in Barcelona
by Sanath Nanayakkare
80 Club in Independence Avenue Colombo 7, an exclusive clubhouse whose doors were open only for a select group of elite members of society, was officially declared public property following its full acquisition by the Urban Development Authority (UDA) on 23rd June 2023.
Before the acquisition by UDA, 80 Club used to foster a sense of exclusivity among the country’s so-called elite on a legacy management system with only its tenants changing from time to time.
Today it’s a public property, and as a result, the general public can now have access to 80 Club’s spatial garden landscape and high-end restaurant services which were once predominantly the prerogative of the upper class.
History has it that the 80 Club of Colombo was originally established in 1939 in Kandy before moving to its current location in Independence Avenue, Colombo 7 by a group of people who had formed a club in room number 80 of the ‘Queens’ Hotel, and hence the carry- forward of the colonial-era name to its current location.
After announcing the full acquisition of the property on June 23, UDA Chairman Nimesh Herath told the media that 80 Club would have been vested in the public much earlier if not for the multiple crises the country faced.
“Under the Colombo Development Masterplan, 80 Club was taken over by UDA in November 2020 and we renovated the property with comprehensive refurbishment and restoration at a cost of Rs. 411 million of UDA funds. Even after the renovations, 80 Club remained with the tenant because it had been leased to them by the Divisional Secretary. However, after the renovations were done by UDA, we received a barrage of complaints and audit inquiries because UDA had used public funds to restore it to its previous glory but only a small elite group was still enjoying it. At this point, we came to a mutual understanding with the tenant and fully acquired it.”
Further speaking he said,” In the past few years, a survey was conducted by the governments on underutilized lands and properties in Colombo. Based on this a Cabinet paper was presented after identifying 35-40 lands that fall under this category. 80 Club is one of them, and today it is a property fully owned by UDA. The catering and other important support services at 80 Club are carried out by Waters Edge Hotel which is owned by the UDA. The public can now have their weddings, parties and other functions here. We will be running this as a high-end hotel and restaurant.”
When asked about the prices of the services, he referred to two key factors and said, “You see, we had to preserve the building’s archeological value and its features and retain its colonial grandeur which cost us a lot of money. The food and beverage and other services we provide here will be of high quality. So, we may not be able to offer very low prices, but I think the members of the general public who care to have services of these standards will find our prices reasonable.”

UDA Chairman Nimesh Herath with Waters Edge Chairman Malith Perera at
the event where UDA declared the members-only elite 80 Club as public property, on 23rd June, 2023.
However, he said that UDA wants to lease out the property to a local or foreign investor who has the technical knowhow and financial capacity to further develop the club premises and its adjoining 60-perch land as a top-notch heritage boutique hotel. “I think the value of this property should be about Rs. 3-4 billion. In line with the tender procedure, we will give a base-value, and afterwards, competitive bidding will take place and the highest bidder will get it. The lease period we are currently looking at is between 30-50 years. Such a move will also enable UDA to make a return on its investment and receive a monthly income,” he said.
Nimesh pointed out that in line with the government’s Urban Development Masterplan; Otter Club, Visumpaya, the 183-year-old Grand Oriental Hotel (GOH), Gafoor Building etc., would be taking a similar development model.
“We have already carried out renovation work on Gafoor Building and will soon be calling bids from investors to lease it out. The government’s plan is to relocate the crucial administrative infrastructure such as the President’s House, Presidential Secretariat, PM’s Office and Residence in Kotte-Battaramulla area. The feasibility studies are underway in this regard. The objective is to create space in Colombo for a heritage corridor like in Barcelona,” he said.
GOH which underwent Rs. 250 million worth of renovations is now managed by Waters Edge and a Singapore investor has reportedly expressed interest in taking the property on lease.
UDA chairman noted that they are looking for an investor to resume work on the longtime unfinished Krrish and Destiny buildings in the heart of Colombo. “Krrish has taken payments for some apartments it was supposed to complete. We are pressurizing them because they have taken our land. We are going to discuss with the senior management of Krrish and find out their latest stance on the project. Meanwhile, we are on the lookout for a new investor,” he said.
US$ 650 million Indian-developed Krrish Square came to a standstill many years ago with over 30 floors being constructed. Krrish announced the project in August 2012, outlining plans to break ground in 2013 and complete the four-tower construction in 2016, but ran into controversy almost immediately over non-payment of dues under deadlines specified in the agreement and alleged kickbacks to politicians.
UDA chairman said that the President has directed Minister Prasanna Ranatunga to submit the updated Colombo Megapolis Masterplan. Meanwhile, the authorities have had a few rounds of discussions with Surbana Jurong, the Singaporean company which is designing the Megapolis Masterplan and they have a six-month timeline to complete and submit it.
When asked about the proposed Kandy development plan he said,” We have to pick an investor who respects the cultural value of the Sacred City and its economic, social and environmental aspects. So, negotiations are being conducted to find the right balance between heritage concerns of the city and investor interests.”
Business
Priority areas for deepening Japan-SL economic ties
Japan Business Council (SLJBC) of The Ceylon Chamber of Commerce recently held its 47th AGM, with the Ambassador of Japan and the Patron of the Council, Akio ISOMATA, attending as the Chief Guest.
Addressing the gathering, Ambassador ISOMATA outlined three priorities for deepening bilateral economic relations: an effective and forward-looking trade and investment policy, the promotion of domestic industrial policy, and expanded investment in renewable energy. He noted that Sri Lanka’s ongoing review of its Free Trade Agreement policy would be important in shaping the country’s future negotiating landscape. He encouraged Sri Lanka to look Eastward toward Southeast Asia and Japan, proposing that the country adopt an export-oriented industrial model. The Ambassador welcomed the Government’s National Export Development Plan 2026 and National Mineral Policy 2026 as consistent with Japan’s vision of connecting Sri Lanka’s export-related manufacturing sectors with India’s high-growth manufacturing base.
In his address, President Athulla R F Edirisinghe reflected on nearly seven decades of humanitarian and development support extended by Japan to Sri Lanka, and paid tribute to the Chairman of the Sasakawa Peace Foundation Yohei Sasakawa, for his magnanimity in establishing the Foundation. Reflecting on the history of Japanese investment in the region from the 1970s onward, he observed that Sri Lanka had missed many opportunities to attract Japanese foreign direct investment. Highlighting the 2025 proposal for a Sri Lanka – Japan Economic Corridor by the Ministry of Economy, Trade, and Industry Japan, he called on Sri Lankan businesses, industry associations, and the wider community to come together in dialogue with the Government to ensure the country does not miss this opportunity as well.
2026/27 Committee: President: Athulla R F Edirisinghe – Director, Hirohama Ceylon (Pvt) Ltd, Senior Vice President – Ruwan Waidyaratne – Managing Director, Hayleys Advantis Ltd, Vice – President – Shamil Mendis – Managing Director, Spear International (Pvt) Ltd, Treasurer – Rohitha Mendis – Managing Director of Prudential Shipping Lines (Pte) Ltd, Immediate Past President – Mahen Kariyawasan – Managing Director, Andrew The Travel Company (Pvt) Ltd, representatives from Amano Lanka Engineering (Pvt) Ltd, BOV Capital (Pvt) Ltd, Brandix Apparel (Pvt) Ltd, Heritage Teas (Pvt) Ltd, Kalhari Enterprises (Pvt) Ltd, Lanka Harness (Pvt) Ltd, Dentsu Grant (Pvt) Ltd, MAC Holdings (Pvt) Ltd, and Vidullanka PLC. By invitation: HVA Foods PLC (subsidiary of George Steuart & Co), Spillburg Holdings (Pvt) Ltd, and Vaughan Chemicals (Pvt) Ltd.
The Sri Lanka – Japan Business Council plays an important role in promoting trade, tourism, and investments between Japan and Sri Lanka. For membership inquiries contact Kiyara at The Ceylon Chamber of Commerce via E-mail: businesscouncils1@chamber.lk or Tel.: 011 5588875/ 5588800.
Business
Rekawa turns turtle conservation into a 30-year community business model
By Ifham Nizam
What started 30 years ago as an effort to protect sea turtles has evolved into a community-based economic model that has generated livelihoods, attracted tourists and transformed Rekawa into one of Sri Lanka’s best-known nature tourism destinations.
The Rekawa Turtle Conservation Project, launched on September 2, 1996, by the Turtle Conservation Project (TCP) in partnership with the Department of Wildlife Conservation and the Rekawa community, marked its 30th anniversary last week, demonstrating how biodiversity protection can become an economic opportunity for communities living alongside sensitive natural resources.
Speaking at the anniversary celebrations, TCP chairman Thushan Kapurusinghe said the project currently provides direct livelihoods for 28 people, but its economic impact extends considerably beyond those directly employed by the programme.
‘Today, 28 people directly earn their livelihood through this project. But its impact goes far beyond those 28 individuals, Kapurusinghe said.
He pointed to the transformation of the area over the past three decades, arguing that the growth of tourism in the community has been closely linked to the turtle conservation programme.
‘If you travel from Netolpitiya to this area, you can clearly see how much the village has transformed over the years. There is no doubt that the growth of tourism in this community has been driven by the Turtle Conservation Project, he said.
The economic significance of Rekawa lies in its ability to convert the protection of a natural asset into a source of recurring community income.
Tourists do not come to Rekawa merely to see a beach. They come to witness sea turtles emerging from the ocean and nesting in their natural habitat—a tourism experience that depends directly on the continued protection of the nesting beach.
Kapurusinghe said tour operators regularly bring visitors to Rekawa, with some tourists traveling there after visiting major attractions such as the Kandy Esala Perahera.
The model represents a fundamental shift from viewing conservation as an expense to recognising biodiversity as an economic asset that can generate sustainable livelihoods when properly managed.
The 30th anniversary celebration at the Rekawa Turtle Conservation Project Information Centre brought together Southern Wildlife Region Director of the Department of Wildlife Conservation Channa Suraweera, government officials, conservation organisations, community representatives and long-standing supporters of the initiative.
Individuals who had contributed to the project over the past three decades were also recognised with awards for their service to sea turtle and environmental conservation.
Rekawa’s experience has attracted international attention because of precisely this combination of conservation and community development. The project has received international recognition as well as the Green Employment Award from the Ministry of Environment and Natural Resources. Earlier international recognition included a highly commended ‘Tourism for Tomorrow’ award, while the project’s turtle-watch programme subsequently received further recognition in responsible tourism and conservation.
Business
Ceylinco Life brings premium policyholders closer to the magic of the Kandy Perahera
For an evening, the timeless spectacle of the Kandy Esala Perahera unfolded at especially close quarters for a select group of Ceylinco Life’s most valued policyholders and their families, who were hosted to an exclusive viewing experience by the Company’s Customer Relations Division.
Held at the Ceylinco Life Kandy Branch on Kings Street, the annual event coincided with the second Randoli Perahera, bringing guests into the heart of one of Sri Lanka’s most spectacular expressions of culture, tradition and pageantry.
As the procession made its majestic passage through the streets of Kandy, guests enjoyed VIP seating at a prime vantage point, allowing them to experience the colour, movement and grandeur of the Perahera up close. The evening offered a fitting setting for Ceylinco Life to celebrate its enduring relationships with its premium clientele.
The experience extended well beyond the spectacle outside. Guests were welcomed with evening refreshments and an exclusive dinner buffet presented by the prestigious Amaya Hills Resort, adding a fine-dining dimension to an already memorable evening.
Families, too, were at the centre of the occasion. A private movie theatre experience provided entertainment for children and adults alike, while each attending family received a beautifully framed family photograph as a personalised souvenir, a tangible reminder of an evening shared together against the backdrop of one of Sri Lanka’s most treasured cultural traditions.
Besides being a much sought-after opportunity to watch the Perahera, the occasion was an expression of appreciation. Through its continuing Customer Relationship Management activities, Ceylinco Life seeks to create experiences that recognise its most valued policyholders not simply as customers, but as relationships to be celebrated and nurtured. And on this particular August evening, the enduring splendour of the Kandy Perahera provided the perfect setting for doing just that.
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