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Thursday May 13th, 2021
Markets

Sri Lanka JKH gets US$445 mln loan for waterfront project

(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.
 

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