Colombo Land and Development Company PLC (CLDC), a leading real estate development company in Sri Lanka announced the appointment of Mr. Vasula Premawardhana as the Chief Executive Officer of CLDC with effect from the 1st of January 2016.

Mr. Vasula Premawardhana is an accomplished professional with over 20 years of comprehensive professional and commercial experience both domestically and internationally. He serves as a director on the Boards of several listed and unlisted companies. He also holds an MA in Financial Economics from the University of Colombo, a BSc. in Computer Science from the University of Southern California - Los Angeles, USA and is a past pupil of Royal College in Colombo.

Speaking about his appointment Mr. Premawardhana said, “With the Liberty Plaza complex being revamped, its refurbishment nearing completion and the surrounding hotels coming into play soon, I am quite optimistic about the future of this iconic mixed development space. Furthermore, with the government’s push to develop the city with concepts such as Megapolis, I also envision great opportunity for the very strategic Pettah property of Colombo Land. I look forward to a challenging year ahead and I am confident that we will be able to achieve great heights with the help of my dynamic team and the vibrant Board of Directors.”