Phase two of HavelockCity project estimated to cost $ 40m
by Lalin FERNANDOPULLE
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BoC Chairman, Dr. Gamini Wickramasinghe, CEO Mireka Capital,
Pravir Samarasinghe, Assistant General Manager BOC, Russel
Fonseka, Deputy Chairman ORCL, H.Z Cassim, Director ORCL and
Mireka Capital, Mildred Tao Ong, Director Mireka Capital, Ralph
De Lanerolle, DGM Projects Have-lockCity, Elmo Fernando cut the
first sod. Pic: Chinthaka Kumarasinghe
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Work on the second phase of the HavelockCity project which
encompasses two towers will commence in October, CEO Mireka Capital,
Pravir Samarasinghe said at the launch of the multi-storeyed club house
complex to be set up at Havelock City.
He said that the first phase of the eight residential towers which
comprises 1,080 apartments has been completed with the Park and Elibank
Towers already in occupation.
"Phase two which is estimated to cost around US$ 40 million is
scheduled to be completed in 13 months", Samarasinghe said.
The HavelockCity residential towers built on a 17-acre prime land is
the second largest real estate development project of Overseas Realty
Ceylon PLC (ORCL) spearheaded by renowned Singaporean real estate
entrepreneur and business tycoon S.P. Tao.
The residential towers built on a central location provides a
connectivity to all key roads in the city and offers residents a
panoramic view of the city.
The US$ 350 million project is the largest real estate investment in
the country.
Samarasinghe said the club house is designed to take advantage of the
panoramic view of the six acre roof garden and the surrounding towers.
The four - storied complex which will consist of a built area of
40,000 sq ft is estimated to cost US$ 4 million.
The club house is designed by East China Architectural Design and
Research Institute which is the architect for the entire project. The
complex is exclusively for HavelockCity residents.
The project will comprise two office towers and a state - of - the
art shopping mall under four phases. It is scheduled to be completed by
end 2015.
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