Kerner Haus Global Solutions PLC (CSE: CPRT.N0000) has secured a LKR 600 million, two year occupancy management contract for a seven storey office building it manages on Kew Road, Colombo 02. The deal points to strong demand for large scale workspace in the capital, as the former Ceylon Printers pushes deeper into commercial real estate with the backing of its Singapore based majority owner.
Under the agreement, the occupier will pay LKR 25 million a month, inclusive of taxes and utilities, for a building of more than 20,000 square metres and over 400 seats. The contract sits with the building's owner. Kerner Haus, which operates the property under a management agreement, secured the occupier and will earn a management fee.
From Printer to Property Operator
The deal marks a rapid turnaround for one of the oldest companies on the Colombo bourse. Incorporated in 1958 as Ceylon Printers, it spent six decades printing for Sri Lankan businesses and supplying ATM cards, credit cards and PIN mailers to banks.
That changed in November 2024, when Singapore based Ekta Global Pte Ltd acquired a 63.62% controlling stake. The company was renamed Kerner Haus in August 2025 and began property operations that October.
Its first year under the new model shows the shift taking hold. Revenue nearly tripled, loss before tax narrowed by 37% and the company returned a profit after tax, according to its 2025/26 annual report.
Four Sites, 1,876 Seats
With Kew Road, Kerner Haus now manages four serviced office sites with 1,876 contracted seats. Mount Lavinia and Nawam Mawatha are operating, and a fourth site in Kandy is under construction.
