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Government will not sell Visumpaya at lower price : Minister

9 February 2024 11:35 am - 17     - {{hitsCtrl.values.hits}}

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By Yohan Perera and Ajith Siriwardana

Parliament, Feb. 09 (Daily Mirror)- Government will not sell the historic Visumpaya lower than the price which has been estimated by the Valuation Department, Minister of Urban Development Prasanna Ranatunga informed Parliament today.

“We are not inclined to change the price recommended by the Valuation Department for Visumpaya and are not willing to sell it at a lower price than the Valuation Department's estimate,” Minister Ranatunga responded to a query raised by the Leader of the Opposition, Sajith Premadasa, regarding the historic building.
“However, we have positively responded to the investor's request to conduct another valuation through a chartered valuer.

“The investor requested six months to complete this updated valuation,” he added.

The Minister assured maximum transparency in the transaction process. However, he also mentioned that the government is not in a position to develop the property independently.

Reports indicated that the government's valuation of the property is Rs 9 billion, while the investor has offered Rs 4 billion.

The government's plan is to transform Visumpaya into a heritage hotel.

Visumpaya, built 190 years ago during the colonial period and originally named 'Ackland House,' served as the Mess House for the Officers of the Ceylon Rifles Regiment. Over time, it transformed into the Manager’s Quarters and Office for the Colombo Commercial Company, a prominent entity in the commercial trade of that era. In 1971, the Sirimavo Bandaranaike Government acquired the building through its nationalizing initiative under the Business (Acquisition) Act No. 35 of 1971. 

Subsequently, it became the official residence of D. M. Jayaratne, the 14th Prime Minister of Sri Lanka. Anura Bandaranaike, the former Minister and Speaker, passed away within its premises. Currently recognized as a heritage site, it is earmarked for conversion into a boutique hotel.


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  Comments - 17

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  • sam Friday, 09 February 2024 12:26 PM

    Why the govt want to sell these properties? If development is required it can be done with the participation of the public by issuing shares!

    ADVERTISE FOR LOCAL/SRI LANKAN INVESTMENT Friday, 09 February 2024 09:19 PM

    SAM, YOU HAVE A POINT THERE. I AM SURE WE CAN FIND A WAY OF DEVELOPING THE PROPERTY WITH SRI LANKAN INVESTMENT FROM THE PRIVATE SECTOR AND OR INDIVIDUALS. WHAT NEXT DOES THE GOVERNMENT PLAN TO SELL? (THEIR SOULS).

    Amara Friday, 09 February 2024 12:32 PM

    Yes, for higher price, are these people think peoples' wealth is owe to be played with their interests. Why people elect these type of persons? Visumpaya land is worth millions than some land prices in USA. Wait for the election Gampaha!'

    Mahila Friday, 09 February 2024 01:55 PM

    VISUMPAYA “Colonial period and originally named 'ACKLAND HOUSE,'” My apologies but need to point out a valid Correction! It should read as “ACLAND HOUSE” AND NOT ‘ACKLAND HOUSE’

    Gabriella Friday, 09 February 2024 07:34 PM

    Do you think this semi-literate criminal cares what it was called ? Every scheme to fill their bank accounts before the will materialise.

    Sokrates Friday, 09 February 2024 03:04 PM

    It's probably more about who pays the highest bribe. You have the best experience in extracting bribes from business people, you convicted criminal.

    lion Friday, 09 February 2024 04:02 PM

    we will sell keeping a big cut for all of us as we very often do

    Gabriella Friday, 09 February 2024 04:28 PM

    We will ensure “maximum transparency in the transaction process” says a convicted criminal. BTW what happened to his appeal. Will it be heard in our lifetime ?

    sunil Friday, 09 February 2024 05:14 PM

    why can't this be leased out to a local firm to run a boutique hotel

    Sambo Friday, 09 February 2024 07:03 PM

    This government is like Samrawickrema and Wickremasinghe auctioneers. Only talk of selling.

    Kps Friday, 09 February 2024 08:26 PM

    Did the buyer refuse to pay your commission?

    Tissa Fernando Friday, 09 February 2024 08:57 PM

    Who is the investor, my guess is that he is from India. Our 3 political parties will compete with each other to sell assets to India expecting Indian support to come into power.

    Bernard Jayatilake Friday, 09 February 2024 09:18 PM

    The potential investor is a conglomerate with specific interest in hospitality and is a listed company in the share market with a Japanese Company directors in the director board and is a viable entity.

    sumo Saturday, 10 February 2024 09:10 AM

    Would you like to name this conglomerate? if not why not.

    Citizen L Saturday, 10 February 2024 01:04 AM

    Another property stolen by the Sirimavo Bandaranaike government....... Why aren't these illegally aquired properties not returned to their rightful owners?? The government of Sri Lankan, stealing from the people since the Sirimavo era...... When will you people learn?

    Manik Saturday, 10 February 2024 06:02 AM

    The government should protect "State Properties". these fellows are unbelievable, they think they were elected to sell "State Properties" that belong to the people.

    RR Saturday, 10 February 2024 10:46 AM

    RANIL IS A SELLER OF STATE PROPERTIES. HE DON'T CARE ABOUT THE COUNTRY


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