Rakna Property to invest $ 33.8 m in mixed development project | Page 2 | Sunday Observer

Rakna Property to invest $ 33.8 m in mixed development project

1 August, 2021
BOI Chairman Sanjaya Mohottala and Director General, BOI, Pasan Wanigasekara present the Certificate of Registration to Maj. Gen. (Retd)  Director of Rakna Property Holdings, Jagath Alwis.
BOI Chairman Sanjaya Mohottala and Director General, BOI, Pasan Wanigasekara present the Certificate of Registration to Maj. Gen. (Retd)  Director of Rakna Property Holdings, Jagath Alwis.

The Board of Investment (BOI) of Sri Lanka entered into an agreement recently with Rakna Property Holdings Ltd., a subsidiary of Rakna Arakshaka Lanka Limited, for a mixed development project. 

The agreement was signed by Chairman of the Board of Investment of Sri Lanka, Sanjaya Mohottala, and Director of Rakna Property Holdings Ltd., Maj. Gen.l (Retd) Jagath Alwis. 

The project will commence with an initial investment of US$ 33.8 mn, and will be located in Colombo 4, housing a 20-story office complex of high-tech and energy efficient rentable open spaces, complete with adequate parking facilities, executive luxury suites, a conference hall, a high-end roof top restaurant and other amenities. 

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