SLPL – Celestial Residential Tower – Sri Lanka - Project Profile

Date: February 26, 2018
Pages: 8
Price:
US$ 75.00
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Publisher: GlobalData
Report type: Strategic Report
Delivery: E-mail Delivery (PDF)
ID: S8919C7A861EN
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SLPL – Celestial Residential Tower – Sri Lanka - Project Profile
SYNOPSIS

'SLPL – Celestial Residential Tower – Sri Lanka - Project Profile' contains information on the scope of the project including project overview and location. The profile also details project ownership and funding, gives a full project description, as well as information on contracts, tendering and key project contacts.

The 'SLPL – Celestial Residential Tower – Sri Lanka - Project Profile' is part of Timetric's database of 82,000+ construction projects. Our database includes a 10+ year archive of completed projects, full coverage of all global projects with a value greater than $25 million and key contact details for project managers, owners, consultants, contractors and bidders.

SUMMARY

Sino Lanka Properties (Pvt) Ltd (SLPL) is undertaking the Celestial Residential Tower project in Colombo, Sri Lanka.

The project involves the construction of a 47-story residential tower with 214 super-luxury apartments on a 103,122m2 area. The project will include the construction of a 475-room super luxury Hyatt Regency, parking facility, gym and recreation facilities.

Kent Engineers (Pvt) Ltd has been appointed as the supply contractor for the project. The scope of the contract includes installation and commissioning of hot and cold water system, rain water, sewer and waste water system, sanitary fittings, and water supply pump installations.

In 2006, Design Consortium Limited was appointed as the design architect, Maga Engineering Pvt Ltd was appointed as the main contractor.

Nawaloka Construction was awarded the piling contract and Trans Gulf Electro-Mechanical LLC the HVAC Consultant for the project.

The project began in 2008; however, it was put on hold due to financial difficulties and was re-launched by Sinolanka in 2011.

In December 2011, a consortium led by Sri Lanka Insurance Corporation has taken over the project from Ceylinco Homes International, the previous owner of the project.

In the fourth quarter of 2011, construction works were commenced.

On July 8, 2012, Sino Lanka Properties (Pvt) Ltd has taken over the project from Ceylinco Homes International, the previous owner of the project with an initial investment US$80.5 Million.

In August 2016, the government has decided to use US$27 million for the project which was allocated for the Hyatt Regency in Hambantota.

As of February 2018, Construction works on the project are underway.

SCOPE

The project involves the construction of a 47-story, high-rise residential building on 103,122m2 in Colombo, Sri Lanka.

The US$100 million project includes the following:

1. Construction of 214 apartments
2. Construction of 475-room super luxury Hyatt Regency
3. Construction of gym
4. Construction of parking lots
5. Construction of restaurants
6. Construction of recreation facilities

REASONS TO BUY
  • Gain insight into the project.
  • Monitor the latest project developments.
  • Identify key project contacts.


NOTE: Out of security concerns GlobalData requires using corporate email address.
1. KEY STATISTICS

2. KEY DATES

3. SECTOR

4. OPERATING METRICS

5. TENDER INFORMATION

6. SCOPE

7. DESCRIPTION

8. LATEST UPDATE

9. BACKGROUND

10. KEY CONTACTS

11. GENERAL NEWS, PROJECT NEWS

12. APPENDIX

COMPANIES MENTIONED

Kent Engineers (Pvt) Ltd
Nawaloka Construction
Maga Engineering
Sino Lanka Properties (Pvt) Ltd
Design Consortium Ltd
Ministry Of Housing and Common Amenities
Trans Gulf Electro-Mechanical LLC
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