Sri Lankaâ€™s Hayleys plans 55-storey twin towers at Deans Road
ECONOMYNEXT – Hayleys said it plans a property development project at its head office premises in the Sri Lankan capital Colombo consisting of twin 55-floor towers each with 3.8 million square feet of “A” Grade commercial space.
The proposed venture would be carried out by a newly incorporated company with 100% of initial equity investment made by Hayleys.
The towers will come at the Hayleys head office premises at No. 400, Deans Road, Colombo 10, a stock exchange filing said.
The implementation of the proposed venture would depend on it receiving infrastructure development incentives offered by the government in the recent past to similar development projects in the country, it said.
(COLOMBO, Dec 27, 2016)