Sri Lanka’s Vallibel Properties to build 16-storey office tower

ECONOMYNEXT – Sri Lanka’s Vallibel group will construct an 16-story office building in Colombo 03, at a cost of 8.1 million US dollars, the Board of Investment said.

The building will be built by Vallibel Properties.

The agreement with the BOI was signed by Chairman Susanthe Ratnayake and Managing Director of Vallibel Finance S B Rangamuwa.

A decision not to delay the project shows the groups readiness to face challenges, Rangamuwa was quoted as saying in the statement.

Vallibel Properties expects to complete the project within 18 months, the statement said. (Colombo/July29/2020)