Macksons Holdings to build luxury serviced apartments

Macksons Properties (Pvt) Ltd, the newest business venture of Macksons Holdings, entered into an agreement with the BOI recently to develop a 100-roomed luxury serviced apartment project in Colombo. This agreement was signed by BOI Chairman Dr. Lakshman Jayaweera and the Deputy Chairman of Macksons Properties, Milfer Makeen. Minister of Investment Promotions, Lakshman Yapa Abeywardena, Deputy Minister Faiszer Musthapha, Managing Director of Macksons Properties, Mizver Makeen and Chief Executive Officer Ranga Goonawardena were also present.

The total investment of this project is Rs 412 million.

The BOI has been actively promoting projects that expand Sri Lanka's hotel room capacity. This is a strategic objective of the Government, which aims at developing the country's tourism infrastructure to sustain 2.5 million arrivals annually by 2016.

Macksons Holdings is a Sri Lankan entity with diversified interests in manufacturing, trading, imports and exports in the paints, tiles, giftware, FMCG, automobiles, energy and leisure sectors.

With Macksons Properties, they consolidate their presence in the construction and leisure sectors by venturing into real estate development. The proposed hotel and serviced apartment at Galle Road, Colombo 3 will have all of the facilities and services of a modern star class hotel.

This state-of-the-art complex consisting of 11 floors, will integrate stylish design with construction being handled by Sanken Lanka. Residents in this exclusive complex will have access to quality restaurants, a swimming pool, gymnasium, room and laundry service, free wi-fi facility and ample parking providing orderly, luxurious living.

A unique feature of this complex would be the option guests have of renting individual rooms or two or three-bedroomed family suites for flexible periods with five star comforts.