Sri Lanka’s HNJ Towers to build U$14mn apartment

ECONOMYNEXT – HNJ Towers (Pvt) Ltd, has been given the go ahead to build a 14.82 million US dollar apartment tower in Sri Lanka’s capital Colombo, the state investment promotion agency said.

Chief Operation Officer Imzaan Haqque was quoted as saying that the apartments are offered on a ‘sale and lease back’ which has made it easier to sell.

"It could be compared to a limited service hotel," he was quoted as saying after signing an agreement with Board of Investment Chairman Hemasiri Fernando.

"The project is a mixed development service apartment complex."

The tower branded ‘Raintree Residencies’ will be built on Duplication Road in Colombo with a food court and convenience store. (Colombo/Jan22/2018)

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