↩ Go Back
Need help?

Residential Real Estate Construction Company for Sale in Colombo, Sri Lanka

For Sale: Residential/Commercial real estate in the heart of Colombo, Sri Lanka.
This Business is on a Premium Plan
Established 5-10 year(s)
Employees < 2
Legal Entity Private Limited Company
Reported Sales USD 3.13 million
Run Rate Sales Nil
EBITDA Margin Nil
Industries Residential Real Estate Construction
Locations  Colombo
Local Time 10:05 AM Asia / Colombo
Listed By Advisor / Business Broker
Status Active
Overall Rating
Full Sale
Asking Price: USD 13.2 million (Native Currency: LKR 4,000,000,000)
Reason: The owners are looking to exit this project. - We are advisors representing the client on the platf... View More
Includes physical assets worth USD 13.2 million
Interested to connect with advisors
Name, Phone, Email
Available after connect
Business Name
Available after connect
User Verification
Documents
Business Overview
- 7-story structure of residential and commercial space built on 128 perches of land.
- The building can be used for residential (apartments) or commercial purposes.
- 100% of the foundation work is complete.
- The buyer gets the entire project along with 128 perches of land.
- The project is being constructed by an established real estate company.
- The company has received The Institute for Construction Training and Development awards for 3 years continuously.
- Have completed 10 projects to date.
- The promoter has more than 15 years of experience in this industry.
Products & Services Overview
- The company is involved in commercial real estate construction, property consultancy, and marketing.
- Assets of the 128 perch land.
Assets Overview
- Asset of land in Colombo.
- 7-story structure to be used for residential or commercial space, to be completed.
- Free hold ownership.
Facilities Overview
7-story structure of residential and commercial space built on 128 perch land.
Capitalization Overview
- The project is currently on hold.
- The project is funded through a bank loan and the sale of units.
- Project was planned including 136 apartment units.
- Project land is owned by the developer, but it is mortgaged with the bank (i. e used as collateral for the loan), the land will be transferred to the buyer and we can discuss clearing the loans at a later stage.
- The company constructing this project has 8 directors with major shares held by 2 directors.
Recent Activity
Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct. Note that SMERGERS is not liable for any loss, damage, costs, claims and expenses whatsoever arising from transacting with any other user from the website. The final responsibility of conducting a thorough due diligence and taking the transaction forward lies with the users. Please read best practices on SMERGERS.
Contact Business
1 Buyer contacted this Business this month. Register below to connect now!
Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
You might also be interested in these businesses

    Frequently
    Asked
    Questions

    • Why can’t I see the business’ name or contact number? How do I contact the business?
    • What level of due diligence does SMERGERS conduct on the businesses/member?
    • How active are the business profiles listed on SMERGERS?
    • How does SMERGERS rate business profiles?
    • Do I need to pay to connect with a business?
    • Show more