Access Engineering sets up land bank

27 August 2015 02:59 am - 0 - {{hitsCtrl.values.hits}}

A A A

Blue-chip engineering firm Access Engineering PLC has expanded its footprint in the real estate development sector by setting up a land bank.

“We are looking at building a land bank with the objective of exploring opportunities in the property development market of Sri Lanka,” Access Engineering PLC Chairman Sumal Perera said.

Access Engineering PLC CEO Christopher Joshua said that this was a natural forward integration for an engineering company and that the real estate market has great potential.

“We have already bought two properties in Malabe for an investment of Rs.500 million. We invested in one eight-acre land and incorporated a joint venture in IT, education and housing and another eight-acre land, which we fully own,” he said. Joshua said that Access Engineering will go into a land acquisition drive during the financial year. He noted that the company has not placed any restrictions on the value of land it will acquire during the year, as long as valuations remain favourable.

Order Gifts and Flowers to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Grocery, Kids Toys, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,Astrology, Courier/Delivery, Medicine Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka

Comments - 0

Add comment
Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

Access Engineering sets up land bank

Comments - 0

Add comment

RECOMMENDED

‘Spike in blast fishing’ poses renewed threats to Sri Lanka’s marine ecosystems

UDA owned land in Thalawathugoda; UDA Minister Prasanna Ranatunga under the spotlight for forceful occupation of reserved land

Loss-making SMIB faces political pressure in recovering loans

Baltimore Bridge Collapse: MV Dali, SL authorities anchored in mystery?

Has Sri Lanka become a potential hub for the illegal wildlife trade?

Spotlight on Moragahakanda Development Project Moragolla villagers lose livelihoods and down to one meal a day

Ambitious Sri Lankan jobseekers ‘trafficked into Ukraine war zones’

Most Viewed in News

On-arrival visa fiasco drains VFS Global’s confidence in Sri Lanka

Supreme Court rules Diana Gamage ineligible for parliamentary seat

Sri Lanka face unusual dilemma

Controversy over foreigners issuing on-arrival visas at BIA

“Ranil Ralla” : Will Wickremesinghe ride on a winning wave?

Sri Lanka now has highest visa costs in Asia: Tourism stakeholders

MIRROR CRICKET

Former netball star Kretser to head CDTA

Sri Lanka Cricket raises player fees across all formats

Plans approved for £61.8m redevelopment of Lord’s

Sri Lanka great tips Sanju Samson to thrive at T20 World Cup

TODAY'S HEADLINES

Battery-operated toys pose risks to kids

1,000 Sri Lankan mercenaries in Russia -Ukraine war front as mercenaries

Homagama jewellery shop robbed at gunpoint

SJB nominates Mujibur as MP despite request to appoint a woman representative in place of Diana

Former netball star Kretser to head CDTA

Former SL netball captain fails doping test

Plans approved for £61.8m redevelopment of Lord’s

Sri Lanka announces squad for T20 World Cup 2024