Advertisements have been published in the local newspapers to lease three more valuable plots of land in the city of Colombo for investment projects, the News First reported.
According to the advertisement published by the Urban Development Authority (UDA), the prime properties are to be leased on a 99-year lease basis.
Tenders have been called for three plots of land on DR Wijewardena Mawatha in Colombo for mixed development projects, while investors have been given only a month to submit proposals for the projects.
Following are the three sites to be leased, as per the advertisement :
– Sri Lanka Exhibition and Convention Center
– People’s Bank Queens Branch
– Sathosa Warehouse Complex
The base value of the land where the Sri Lanka Exhibition and Convention Center is located is Rs. 3.7 billion.
Meanwhile, the base value of the land where the People’s Bank Queens Branch is located is Rs. 1.3 billion.
According to reports, the base value of the land where the Sathosa Warehouse Complex is located is Rs. 1.6 billion.