A new 15 story commercial development to be built in Kollupitiya in Colombo under BOI. A leading company has signed an agreement with BOI for the project, which will provide 112,000 sq. feet of super grade office space in its 15 floor Complex, with three floors of parking, central air conditioning and provision of two elevators, at an estimated project cost of Rs.1.2 billion.
Design Consortium, the Consultants /Architects for the project having taken note of more than 100 years history of the parent company, Lee Hedges PLC, has come up with a unique colonial architectural design, which will stand out on its Galle Road frontage.
The land on which the building is to be constructed was originally owned by Lee Hedges PLC. The company was acquired by the Government in 1970 for the Cashew Corporation. It has been secured back from the UDA on a 99 year lease, thereby consolidating and enhancing the value of the prestigious property owned by Lee Hedges PLC.
The proposed commercial development project is likely to be a prestigious address in Kollupitiya. It will be one of the high rise mega projects that will be located on the three acres of prime land with Galle Road and Duplication Road frontage.