Prime Lands IPO Oversubscribed On Opening, Offers Additional 87.5M Shares
The Initial Public Offering (IPO) of 100,000 ordinary voting shares of Prime Lands Residencies (PLR) was oversubscribed on Colombo Stock Exchange (CSE) on its opening today (11th), triggering the company…
Prime Lands Residencies Expects Rs.10B Cashflow from Pre-sold units over next 2-3 years
The latest IPO entrant to Colombo Stock Exchange (CSE), Prime Lands Residencies (PLR) expects nearly Rs 10 billion cash flow over the next 24-36 months from its pre-sold apartments stock,…
JLL Sri Lanka Joins SLASSCOM with Plans to Invest in Proptech Start-ups
Eyeing emerging Proptech Start-ups, Leading global commercial real estate services firm, Jones Lang LaSalle Incorporated (JLL)’s Sri Lankan unit joined the Sri Lanka Association for Software and Service Companies (SLASSCOM) which is…
Construction
Energy
Environment
Finance
International
Latest News
Real-estate
Technology
Telecommunication
The real estate industry needs to transform to serve the needs of people and cities
The real estate industry needs to transform to serve the needs of people and cities in the next decade, according to a new report released today by the World Economic…
Prime Lands Residencies Plans Rs 1.95B IPO
A top real-estate developer and the leader in the mid-market residential condo segment, Prime Lands Residencies Ltd plans a Rs 1.95 billion Initial Public Offering (IPO) in the Colombo Stock…
Property Buyers Are Flocking Back To Residential Property Market – LankaPropertyWeb
Sri Lanka’s leading property portal, LankaPropertyWeb says that there has been an increase in real estate activity by property buyers and sellers since the turn of the year Sri Lanka’s…
Cinnamon Life to handover office and residential units at two towers in March
Sri Lanka’s largest mixed development, the $1 billion Cinnamon Life project announced the handover of units at ‘The Suites’ residential tower and ‘The Offices’ tower by March 2021, following delays.…
Cabinet directs Legal Draftsman to draft the Colombo Ports Commission Bil
The Cabinet of Ministers has approved a proposal instructing the Legal Draftsman to draft the Colombo Ports Commission Bill to place Colombo Port City as a leading investment hub in…
Agriculture
Construction
Debt
Latest News
Local
Mining
Real-estate
SL Business
Sri Lanka
Tourism
Trade
Transport
Sri Lanka faces worst decline as debt crisis looms
Sri Lanka Tuesday announced its worst economic slump with second-quarter GDP plunging 16.3 percent as international concern grows over its ability to repay foreign debt. The department of Census and…
SEC expects an increase in access to capital for Sri Lankan corporates
In welcoming budget 2021, the Securities and Exchange Commission of Sri Lanka (SEC) said that the proposed measures would deepen the capital market activity with increased access to capital for…