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Colombo is reasserting itself as a South Asia Capital City and trading hub, creating a new city centre on reclaimed land.
JLL consultants from India, China and the Middle East are advising on the planning, development and marketing of 250ha of land being reclaimed adjacent to the central business district of Colombo. The area will become the city's new business and commercial hub and a focus for its rapidly growing tourism industry.
The project, being undertaken by China Harbour and Engineering Corporation (CHEC), part of one of China's largest construction groups, will see the development of 5 million square metres of office, residential, retail, hotels and public facilities over 30 years' time period. CHEC will complete the reclamation and infrastructure works, including roads, bridges and waterside promenades in two phases and undertake the development of key projects, with third party developers participating in the creation of the new city precinct.
The advisory services in addition to review of all real asset classes, included in-depth study on Casinos, Formula One, Free Trade Zone, Duty Free Shopping & Permanent Residency.
As well as undertaking market research, demand analysis and financial feasibility studies to assess project viability, JLL is involved in marketing development opportunities to international and local investors.