Marina Square tops off ‘Tower Cove’
Chairman Access Group Sumal Perera, CHEC (Sri Lanka) Managing Director, Jiang Houliang, Project Director and Marina Square, Kosalsa Wickramasinghe and other officials at the topping off of cove tower ceremony.
Marina Square Uptown Colombo, Sri Lanka’s first and largest harbor-front mixed development, celebrated a significant milestone by topping off Tower Cove, the fourth of the project’s five towers to be completed structurally.
The milestone marks the steady progress the project has made in a year wrought with challenges arising from the economic turmoil of 2022. Two industry giants, Access Engineering PLC (AEL) and China Harbor Engineering Company (CHEC), have invested nearly Rs. 40 billion for Marina Square with 47% funding coming from Access.
The third player in the project Mustafa Singapore had pulled out two years ago due to the political climate in Sri Lanka
This also marks the completion of the 6th milestone of a standard schedule and the completion of structural work of 125 apartment tower floors out of a total of 147 floors. The Project Director and Marina Square Board Member, Kosalsa Wickramasinghe, said that the combined resources, collective strengths and industry experience of the developers have been pivotal in continuing construction activities in a year marred by import restrictions, rapidly snowballing construction costs and the worst economic crisis the country has seen.
‘We are now confident of completing the structural works of all 5 residential towers by the end of this year’ Wickramasinghe noted. Marina Square Board Member and CHEC (Sri Lanka) Managing Director, Jiang Houliang, further noted the developers joint commitment towards ensuring the successful completion of the project and its unique value proposition as an ideal home for the discerning, seeking affordable luxury in close proximity to the Central Business District and burgeoning Port City.
Strategically located mere minutes away from Port City and 400 m away from the Port Access Elevated Highway, Marina Square is developed on an expansive five-acre land and consists of 1,088 condo units over 36 floors across 5 towers.
With the elevated highway construction also gaining pace, residents at Marina Square will enjoy unparalleled connectivity with easy access to the country’s entire highway network within minutes of their doorstep.
Offering a large range of amenities that suit the requirements of every modern homeowner and with breathtaking views of the Colombo Skyline, the Indian Ocean and Colombo Harbour, Marina Square promises to be the epitome of urban luxury living on completion. Already 50%of the apartments have been sold and over 50% were bought over by Sri Lankans.
Chairman Access Group Sumal Perera said that they are catering to the middle class market and expect a good demand for apartments from next year. He said that easy access to the property was a major success for their sales.
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