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Prime Group roars ahead on LMD’s Most Respected Entities Listing

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The Group was also recognised as the winner in the real estate sector, further ascertaining its strength in the local market. This marks the fourth consecutive time the Group won the highly coveted title, coming in at the 66th spot, among the 134 selected entities.

Prime Group roars ahead on LMD’s Most Respected Entities Listing“It is certainly an honour to be listed in this ‘hall of fame’ continuously for four years. The outstanding efforts and unwavering focus of our employees to produce excellent results every day continues to distinguish Prime Group as a leader in the country’s real estate market” noted Prime Group Chairman Premalal Brahmanage.

“At Prime, we are always opening doors. Whether it is the doors to a new home, the keys to the lifestyle you’ve always wanted to lead, or access to prime communities and neighbourhoods that you and your family can truly feel a part of, because we know that progress only comes from access. As a complete real-estate solutions provider, we have given Sri Lankans access to their aspirations for over 25 years as a company built by Sri Lankans for Sri Lankans.”

Today, Prime Group stands strong with an undeniable dedication to excellence and a continued desire for self-improvement. As such, achieving and even exceeding their own benchmarks. The Group comprises three listed entities: Prime Lands Residencies PLC, Prime Finance PLC, and HNB Finance PLC, as well as the subsidiaries Prime Homes Australia and Bhoomi Realty.

Prime Lands Residencies PLC, the Group’s residential real estate arm, recently concluded the FY 2020/21 with a commanding financial performance, with a revenue of Rs. 7.7 billion, up by a commendable 35% from last year. In June 2021, the Company was listed on the Colombo Stock Exchange following a successful IPO of Rs. 1.95 billion, which drew a significant 2,323 applications requesting for shares worth Rs. 2.25 billion.

To date, the Company claims a portfolio of 30 individual housing projects, land projects spread across 18 districts in the country and 42 apartment projects located in Colombo and the suburbs.

Over 25 years of excellence, Prime Group has proved its mettle as a pioneering force in Sri Lanka’s real estate landscape. It is a market leader in the affordable luxury apartment segment in Sri Lanka and operates in 18 districts of the island, and an active customer base of over 75,000.

The past year, the Group etched its name in history by becoming the first institution in the Sri Lankan real estate industry to receive a prestigious issuer rating of “[SL]A- (Stable)” from ICRA Lanka, a group company of ICRA Ltd – a subsidiary of Moody’s Investors Service. So far, the Group has launched over 4,000 land and modern housing projects.

The Most Respected Entities rankings are based on a survey commissioned and conceptualised by Lanka Monthly Digest (LMD) and conducted by leading research firm Nielsen.

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