Prime Group’s YOLO receives BOI approval with US $ 52.5mn investment

From left: Prime Group Director Finance Anura Pathirage, Prime Group Chief Executive Officer Ruminda Randeniya, BOI Board Member Sujeewa Mudalige and BOI Board Member Dr. Ruvini Fernando

Prime Group’s YOLO has received the Board of Investment (BOI)-approved project status, recognising the development’s strong potential to drive economic development and attract foreign investment, delivering strong urban appeal.

Accordingly, a US $ 52.5 million investment agreement has been inked between Prime Group and the BOI, demonstrating the group’s robust financial standing, strong governance standards and long-term commitment to strengthening Sri Lanka’s real estate sector. 

Located in Makola, Kiribathgoda, YOLO by Prime Group is a pioneering residential development designed to redefine elevated urban living. Just five minutes from the Kadawatha Highway Entrance, the project offers seamless connectivity to major cities including Kandy, Kurunegala, Galle, Matara and Hambantota within one-and-half to two hours and Colombo is less than 30 minutes away.  

Contd. on page 15