Reply To:
Name - Reply Comment
Last Updated : 2024-04-27 00:40:00
Asian Hotels and Properties PLC (AHPP) announced that it would be moving forward with major investments towards the refurbishment of Crescat Boulevard.
First opening its doors in 1997, Crescat Boulevard was a pioneering development at the time, and soon became an iconic location in Colombo. It was the very first upscale retail hotspot in Colombo to offer a curated shopping experience featuring high-end international brands, side-by-side with local crafts, entertainment, and a melting pot of cuisines.
“The face of Colombo has seen such radical changes since Crescat Boulevard was first opened,” said Nayana Mawilmada, Sector Head of the Property Group of John Keells Holdings who manage the property. “It has been 23 years since we opened our doors, and that is a very long run for a shopping mall. After this length of time, the building is in need of a refurbishment, one we have been putting off for some time. With all the new malls opening in Colombo, we also feel it is time to reconsider its competitive positioning as well. Naturally, we believe that more can now be done to take advantage of this property’s remarkable location and deliver value to our stakeholders. Our goal is to once again create a unique, high quality experience that can cater to the changing dynamics of an increasingly sophisticated market, thereby raising the profile of the city of Colombo itself.”
In the interim, operations at Crescat Boulevard will continue as normal, with visitors being able to browse and shop until the end of December 2020, when the refurbishment project will commence.
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.
Reply To:
Name - Reply Comment
US authorities are currently reviewing the manifest of every cargo aboard MV
On March 26, a couple arriving from Thailand was arrested with 88 live animal
According to villagers from Naula-Moragolla out of 105 families 80 can afford
Is the situation in Sri Lanka so grim that locals harbour hope that they coul
26 Apr 2024
26 Apr 2024