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| Sunday, 15 September 2002 |
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| News Business Features Editorial
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Rs 850m shopping, residential complex in Col. 4 Premier Pacific Pinnacle, the super-luxury residential and shopping complex estimated to cost Rs 850 million, was launched recently by Premier Pacific International (Pvt) Ltd. The complex, a 11-storeyed building, consists of two basements, ground floor and a mezzanine level. The commercial complex would be housed from the ground floor to the fourth floor while the residential apartments will be from the fifth floor and above. "The building was designed following an extensive market survey. It will house 55 apartments in 16 different types while the commercial section will have 66 shop units," said investor and Director in charge of the project Nirosh Perera. The company has also introduced several novel payment schemes including special discount schemes for upfront payments, a rental scheme and monthly easy payment methods. The building has been designed on a 'close to nature' concept from the waterfall and fountain at the entrance to the naturally turfed rooftop garden on the 12th floor. The tree lined walkway, plants and water features in and around the building will emphasise the close to nature concept, said Perera. The complex will be equipped with several unique features including a giant fish tank in the food court, pressurised fire staircase, steel spiral staircase, glazed curtain wall and a modern structured club house. Two escalators, a spiral stairway and two passenger lifts will be reserved for commercial use while there will be two passenger lifts and a stairway for residents' use. The complex will also be equipped with a service lift and a hoise for the use of the supermarket to be located on the first floor. The chief consultant architect for the project is Errol Siriwardena while the main contractor is Maga Engineering. Piling work will be handled by Walkers Piling. The project manager is Strad Consultants. Premier Pacific International is a Board of Investment-approved company incorporated in Sri Lanka as a private limited liability company in January 1998. Funded entirely through foreign direct investment, the company commenced with an issued and fully paid-up capital of Rs. 142 million. The company's inaugural project, Premier Pacific 2001, won an award for construction excellence in 2001 from ICTAD. The financial collaborator of the project is NSM Investments, Singapore. |
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