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AVIC signs on top contractor for Astoria luxury condominium completion


7 May 2015 03:21 am - 0     - {{hitsCtrl.values.hits}}


Astoria, a luxury condominium development that aims to set a new standard in the luxury living style of Colombo, will soon be at the heart of Sri Lanka’s business capital, offering residents a truly indulgent experience. 
AVIC – a Fortune Global 500 enterprise and the developer of Astoria announced its decision to sign on China State Construction Engineering Corporation Limited (CSCEC) as its official and main contractor. 
CSCEC is another Fortune Global 500 enterprise and is well-known as the top home builder in the world. The partnership between AVIC and CSCEC seeks to introduce this project to the Sri Lankan real-estate market by the end of 2017.  
These two mega enterprises CSCEC and AVIC are administered by the Chinese Government and have joined hands together to introduce an unprecedented luxury living to Sri Lanka. With unsurpassed standard features, Astoria is a unique apartment project, beautifully designed and conveniently located. Embracing the spectacular city, lake and sea view, this luxury condominium will truly allow residents to relax and experience every luxury it has to offer. It is also mere minutes away from all the best malls and restaurants in Colombo. This 4-tower residency will also provide the maximum comfort and entertainment to its residents with its assorted recreational facilities, including swimming pools, a club house and it’s very own shopping centre. 
Speaking on this partnership, President of AVIC International Hotels Lanka Limited, Zhong Yuan, said, “We are delighted to partner with a global giant such as CSCEC, who is so well experienced in various constructions, especially high-rise buildings. It is their years of experience and acclaimed quality of construction that have given us the confidence towards building a true luxury apartment of international standard, which should be and will be handed over on time.” 
 Astoria was made available in the public domain on October 9, 2014 and during the half year period since, has got a great deal of attention and appreciation from people and institutions of various fields. Sales have also seen an overwhelming response and the piling work is now close to accomplishment. CSCEC was established in 1982 and has so far completed over 5,600 projects in some 116 countries and regions around the word. Currently its main businesses focus is in 27 countries and regions all over the world. 
Since its establishment, CSCEC has gained the total contract value of over US$ 500 billion and total turnover of US$ 330 billion. CSCEC has built plenty of landmark buildings in China, such as the Shanghai World Financial Centre, known as ‘China’s No.1 Building’, the new CCTV Building famed as an ‘Architectural Marvel’ by Times magazine, the National Swimming Centre also known as the ‘Water Cube’, one of the Beijing Olympic Games projects, the Shenzhen Airport and Kunming Airport. 
 Aviation Industry Corporation of China (AVIC) is a state-owned mega incorporation administrated by the Chinese government. It owns almost 200 member companies, more than 20 listed companies and approximately 400,000 employees. As an important component of AVIC, AVIC International specializes in trade & logistics, retail & high-end consumer goods, real estate & hotel management, electronic high technology and development of resources. AVIC International has completed over 100 domestic real estate projects and has tapped the market of a number of overseas markets, including Kenya, Tanzania, Algeria, UAR, Malaysia, Laos, and Mongolia, etc. The Grand Skyline Hotel, a world-renowned 5-star hotel brand is also one of AVIC International’s proud presentations.
An alliance of this nature between global giants will bring to the Sri Lankan real-estate market, an unparalleled stage of luxury and convenience. This distinctive project is planned to be completed towards the end of 2017.  

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