Rakna Property Holdings to invest in US $ 34mn mixed development project

The Board of Investment (BOI) of Sri Lanka recently entered into an agreement with Rakna Property Holdings Ltd, a subsidiary of Rakna Arakshaka Lanka Limited, for a mixed development project. 

The agreement was signed by BOI Chairman Sanjaya Mohottala and Rakna Property Holdings Ltd Board Director Major General (Retd) Jagath Alwis, who represented the company’s Chairman Major (Retd.) Dulath L. Wijetilleke. The project will commence with an initial investment of US $ 33.8 million and will be located in Colombo 4, housing a 20-story office complex of high-tech and energy-efficient rentable open spaces, complete with adequate parking facilities, executive luxury suites, a conference hall, a hi-end rooftop restaurant and other amenities.