AVIC inaugurates Astoria, a Dream in a Paradise Island

October, 13, 2014

The AVIC International Holding Corporation (AVIC International) unveiled its plans and inaugurated its first project in Sri Lanka – Astoria, a Dream in a Paradise Island at a gala inauguration ceremony that was held at the Cinnamon Grand recently. The event was graced by the Ambassador of the People’s Republic of China in Sri Lanka Wu Jianghao and was also attended by many other dignitaries and special guests including the Chairman of the BOI Lakshman Jayaweera and Chairman of the UDA Nimal Perera.

AVIC has infrastructure development projects, water treatment projects, airport construction projects, and real estate development projects in Asia, Africa and the Middle East. AVIC’s first project in the island Astoria is a large scale international community that is poised to offer a lifestyle immersed in absolute luxury and comfort. With a colossal housing capacity for more than 2,000 individuals, the project will consist of 4 towers with a total of 39 floors, which will feature 602 luxury apartments.

Astoria is situated in the heart of the commercial capital of Sri Lanka - in Colombo 3, just mere minutes away from the country’s leading commercial establishments, educational institutions, hotels, restaurants, retailers, and residencies. This unique location contributes immensely to Astoria’s vision of offering a one-stop service experience for both its consumers and residents with retail, dining, entertainment and luxury apartments in one project.

Astoria offers a tranquil ambience amidst the hustle and bustle of the city with breathtaking views of the Indian Ocean, an outdoor swimming pool, a beautifully landscaped lush garden and a luxurious clubhouse that is perfect to unwind and relax. Residents will have the opportunity to enjoy absolute convenience and acquire their daily essentials under one roof at the proposed retail store complex which will be built bordering the residence.

Astoria intends to join with the world renowned property management entity, Jones Lang LaSalle to ensure the quality and reliability of the project. JLL which is the only real estate investment management and service company to be ranked among the Forbes Platinum 400 Enterprises, has up to date provided comprehensive and professional property management services to clients in over 700 cities across 60 counties.

As Colombo 3 transforms into a modern-day metropolis with immense potential, Astoria is destined to be its flagship real estate project that manifests the mighty legacy of AVIC in Sri Lanka . Authorized by the Government of Sri Lanka Astoria will also set a benchmark in luxury living as it has been identified as one of the strategic development projects in the city.

Astoria is currently looking at a select VIP clientele to register with them between the 13th of October and the 17th of November 2014. Those who successfully register will receive a 2% reduction on the cost on launch day. Interested parties could visit the sales office at No. 9 Deal Place, Colombo 3 or visit their website

About AVIC: AVIC is a state-owned mega incorporation administrated by the Chinese government whose investment was authorized by the country. Its business units cover Defense, Transport Aircraft, Engine, Helicopter, Avionics and Systems, General Aviation, Aviation Research, Flight Test, Trade and Logistics, Assets Management, Engineering Planning and Construction, Automobile etc. It owns almost 200 member companies, 26 listed companies and employs approximately 400,000 employees. Since its establishment in 1982, it has taken good advantage of its talents and technology on aviation industry, and gradually developed into a multi element corporation with hi-tech production, real estate development, property management, hotel operation, retail, and trade, and nature recourses as its core businesses. There are a number of listed subordinate companies in and out of China. From 2009 to 2014, it continues to be ranked among the Fortune Top 500 enterprises with enormous potentiality. For 2014 particularly, it ranks 178 on the list.