(EconomyNext) – Sri Lankan conglomerate John Keells Holdings said it has struck a deal with Standard Chartered Bank for a syndicated loan of 445 million US dollars to build its Waterfront high-rise property project.
The project, to be done under a subsidiary Waterfront Properties (Private) Limited, includes a casino, hotel, retail arcade, conference centres, and commercial office space and residential apartments.
Construction work has already started on the project on freehold land at Glennie Street in Colombo.