Commercial Real Estate Investment Opportunity in Western Province, Sri Lanka
| Established | 10-20 year(s) |
| Employees | 10 - 50 |
| Legal Entity | Private Limited Company |
| Reported Sales | Nil |
| Run Rate Sales | Nil |
| EBITDA Margin | Nil |
| Industries | Commercial Real Estate |
| Locations | Western Province |
| Local Time | 3:20 PM Asia / Colombo |
| Listed By | Business Owner / Director |
| Status | Active |
- Company, plans, designs, and delivers commercial real estate projects.
- The company requires funds for an upcoming project.
- Upcoming project is a luxury private villa real estate development.
- We seek an equity partner/investor for a minimum investment of approximately USD 1.75 million (LKR 350 million), with a forecast, levered IRR of over 20% (for phase 1/2).
- We have already received a project credit facility pre-approval from a leading commercial bank in Sri Lanka for up to LKR 500 million (approximately USD 2.5 million) or 60% of the project investment.
- A beautiful 20-acre land with spectacular views, stunning natural features, easy vehicular access, and mains water/three-phase power supply, has been identified at an attractive price, with a good pedigree and preliminary title clearance confirmed by two lawyers.
- The investor shall receive an 80% stake in this project.
- The owner is registered as an architect in Australia for the last 8 years with over a decade of experience in this industry.
- Owner has been significantly involved with 20+ architectural projects in 12 countries over a span of over 13 years.
- The owner and his firm are able to bring integrated design, development, and management delivery for this proposed project. We are looking for a supportive investor to help successfully realize this and future projects & real estate brands in Sri Lanka and globally.
The firm offers services such as architectural design, property development, and the hospitality management industry.
The development type is a luxury serviced villa real estate development with the following components and subject properties:
A) Design-build-sell villas, own common elements (facilities & common land), and manage/operate.
B) Villa properties for sale include the individual villa building/s and land plots referred to as the 'villas'.
C) Common elements include the facilities owned by an investment company and the common land owned by a land holding company.
D) Manage/operate and own the property brand under a property management company.
E) Phased development options can be explored. It is anticipated that Phase 1 will have 18 villas completed for sale to prospective buyers.
No physical assets acquired yet for the project. In principal agreements and pre-approval have been completed.
The architectural design firm operates from its headquarters in Colombo.
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Earlier than 15 daysMarket Research Analyst, Synthetic Rubbers, Nicosia, Corporate Investor / Buyer connected with the Business
