An iconic Sri Lankan property development continues to attract significant international investor interest, its developer reports following participation in a major industry event in China.
Indocean Developers, promoter of the rapidly-rising Altair twin tower in Colombo, was among 138 top notch exhibitors from 37 countries at the Luxury Property Showcase (LPS) in Shanghai recently.
Considered one of the best showcases in the global properties sphere, the LPS invites the cream of high net worth investors, property funds and Real Estate Investment Trusts (REITs) looking for attractive investments around the world.
“The recently proposed investment incentives linked to Residency Visas generated a significant level of new interest in Sri Lanka as a location for investment,” Altair Director Pradeep Moraes said. “This was the second occasion that we participated in a forum of this nature in China, and the results were quite encouraging.”
Altair’s Head of Sales & Marketing Jay Dias also addressed an Investor Forum that was part of the LPS programme.
Now constructing its 42nd storey, Altair, designed by the global architectural celebrity Moshe Safdie, will on completion comprise of a distinguishing 63-storey ‘leaning’ tower and a taller 68-storey vertical tower. It will have 400 luxury apartments that offer spectacular views of the Beira Lake, the Indian Ocean and the city of Colombo. Intended to be a one-of-its-kind development in South Asia in terms of architectural design, structural engineering, and living experience, Altair’s 1.5 million square feet of high-end eco-friendly living space will be supported by 40,000 square feet of supportive up-market retail space.
Photo caption : Altair Director Pradeep Moraes (centre) with the company’s Head of Sales & Marketing Jay Dias and Sarrah Samoon of A. S. & Associates (second right and extreme right respectively) and two Chinese resource persons at the Luxury Property Showcase in Shanghai.