Business
Havelock City Mall built at a cost of USD 130 million opens for business
99% of the space has already been leased out
Stands out as a property with a good tenant mix
by Sanath Nanayakkare
The highly anticipated Havelock City Mall built at a cost of US$ 130 million, spanning over 200,000 square feet was officially opened for business yesterday.This international standard shopping mall promises to deliver an unparalleled shopping and entertainment experience, creating an ideal destination for the local community right in the heart of Colombo.
Pravir Samarasinghe, Group CEO/Director of Overseas Realty (Ceylon) PLC speaking to The Island Financial Review said that Overseas Realty was very excited to have opened the Havelock City Mall for business after five years since its groundbreaking ceremony.
“The project got delayed a lot because of the pandemic, the lockdowns and the economic crisis. Eventually things have begun to work out as planned. We are not only hopeful but also are confident in the same vein about the promising success of this project. There are several reasons for that. Number one is; 99% of the space has already been leased out.
We are extremely happy about that. Number two is; those who have taken up the space are great tenants. Number three is; the mall is creating an ideal destination for tourists and the local community right in the heart of Colombo. Another key factor is the mall is located in a place which is a vast catchment area of consumers. It offers accessibility to residents in Colombo 3, 4, 5, and 6, as well as those in Dehiwela, Mount Lavinia, Nugegoda, Maharagama, Kottawa, Homagama, Kirulapone, Narahenpita, Rajagiriya, Nawala, Kotte, and beyond. This makes us very optimistic about the endless positive opportunities. We have invested US$ 130 million in the project,” he said.
“We have a good mix of international and local brands at the Havelock City Mall making it a retail paradise. It houses six premier anchor tenants that include ODEL, Cargills Food Hall, Scope Cinemas, Food Studio, Cool Planet, and Abans. Moreover, there are 132 other retail outlets, offering an unparalleled selection of fashion and accessories, entertainment options, tantalizing food and beverages, convenient services, electronics, homeware, and gifts and novelties,” he said.
For food enthusiasts, the options at Havelock City Mall are nothing short of a culinary odyssey. Havelock City Mall will also unveil its astonishing entertainment line-up.
Opening early next year is the Havelock City Mall’s 1,000-seat, six-screen multiplex, along with the first and only premium, large format IMAX cinema in Sri Lanka.
“We are delighted to welcome everyone to the Havelock City Mall. We look forward to providing a diverse and exciting retail environment, entertainment options and dining experiences for all our shoppers. Havelock City Mall is poised to become the ultimate modern lifestyle suburban mall, catering to the entire family – a happy place for all.” Pravir said.
Havelock City Mall is developed by Overseas Realty (Ceylon) PLC; the owner, manager, and developer of the iconic World Trade Center, Colombo.
Business
Indo-Sri Lanka Chambers forge alliance to drive infrastructure and real estate investment
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.
Business
Hettich celebrates a decade in Sri Lanka with partner meet in Colombo
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.
Business
GS Evo Motors launches all-new JMEV EWIND
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.
-
Sports4 days agoDDS set to lose Test captaincy
-
News7 days agoThailand shuts door on undesirables from Sri Lanka
-
News4 days agoSri Lanka faces new grid challenge as rooftop solar surges: former CEB GM
-
Latest News4 days agoShafali, Deepti power India into sixth T20 Asia Cup final
-
Business7 days agoCEB successor company breaks into top three in competitive BESS tender
-
Opinion6 days agoNavigating Sri Lanka’s Israeli Dilemma
-
Latest News3 days agoSri Lanka thwart Fatima Sana challenge to secure Asia Cup final spot
-
Features5 days agoLost for 90 years: Rare Goby resurfaces in Jaffna
