An Omani Government-linked investment firm has expressed initial interest in acquiring property at the Colombo Air Force Headquarters and launching a development project, The Sunday Times reported, citing government sources. The investment company has also been interested to start a project on Chalmer’s Granary Land owned by the Urban Development Authority the report said.
The Oman Company has already signed a non-binding agreement with the Urban Development Authority, expressing its willingness to send a team to take a proper interest in the mixed development projects on the Chalmers granary property.
The Urban Development Authority has already leased most of its land to investors for 30 to 99 years and is actively seeking investment. A group of Qatari investors have shown interest in the Beira Lake area on DR Wijewardena Mawatha, officials of the Urban Development Authority said.
The government has already drawn up a master plan for Colombo, which aims to allocate heritage, transport hub, financial city and commercial city. Forty-two plots of land across the country have also been identified for specific purposes such as upper, medium and lower mixed development projects; Hospitality and rest; Residential and office towers; IT-based development; Supply Center and Business Garden Development; And multi-storey car parks. It is also expected to provide five plots of land for the development of the Beira Lake waterfront.
Among the properties for lease for investment opportunities in the Western Province are Welikada Prison Land in Borella, Tractor Corporation in Narahenpita, Department of Agriculture and Milco Land, Sri Lanka Exhibition and Convention Center on DR Wijewardena Mawatha, CW Mackey PLC Training Center and two, .
Meanwhile, Union Place is set aside for a hospitable and leisure project. The 80 Club in Torrington Square, and a plot of land on Sir Baron Jayathilake Mawatha in Colombo, Norris Canal Road and several other properties in Battaramulla have been set aside for such joint ventures.