Macksons Properties (Pvt) Ltd the newest business venture of Macksons Holdings entered into an agreement with the BOI Sri Lanka for the development of a 100 room luxury service apartment project in the heart of Colombo 3.  This agreement was signed by the Chairman of the BOI, Dr.Lakshman Jayaweera and the Deputy Chairman of Macksons Properties,Mr. Milfer Makeen in the presence ofthe Minister of Investment Promotions, Hon Lakshman Yapa Abeywardena, the Deputy Minister Hon. Faiszer Musthapha, the Managing Director of Macksons Properties,Mr. Mizver Makeen and the Chief Executive Officer, Mr. Ranga Goonawardena.

The total investment of this project is Rs 412 Million. 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 truly Sri Lankan entity with diversified interests in manufacturing, trading, imports and exports in the Paints, Tiles, Giftware, FMCG, Automobiles, Energyand Leisure sectors; and renowned for their much loved brands Multilac and Macktiles. With Macksons Properties, they consolidate their presence in the constructionand leisure sectors by venturing into real estate development.

The proposed Hotel/Serviced Apartment at Galle Road, Colombo 3will have all of the facilities and services associated with modern star class hotels. This state-of-the-art complex will integrate stylish design with solid construction handled by Sanken Lanka Pvt Ltd - Sri Lankan’s number one construction company. Consisting of 11 floors, with 100 rooms, residents in this exclusive complex will have access to quality restaurants, a swimming pool, gymnasium, the convenience of room service and laundry service, high speed free WIFI facility,ample parking,and so on; providing orderly, luxurious living. A unique feature of this complex would also be the option guests have of renting individual rooms or 2 bedroom or 3 bedroom family suites for flexible periods of time: short or long term, with all 5 Star comfort sat an affordable tariff.

In keeping with the traditionally exclusive location, this luxury apartment will boast of every conceivable attraction for contemporary living. Elegant, thoughtfully structured living suites offering plush surroundings with the experience of a superlative quality of stay, they will bring residents the added convenience of being at the heart of the city. Centrally located, with easy access to business activities, this complex is close to many of the best local business centers, healthcare centers, restaurants, entertainment venues – indeed all the advantages of living at the very heart of Colombo.

Macksons Properties are also in the process of short listing international chains to add global strength to their venture, and the signing of the BOI agreement too further consolidates their vision towards being a presence in the Leisure sector in Sri Lanka. Macksons Properties has already acquired several other lands in Colombo for the construction of more leisure/service apartments and a commercial development in the future.