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Asia Capital partners Japan’s Belluna for $ 50 m luxury apartment complex in the city

Asia Capital PLC, in collaboration with Japanese foreign investor and partner Belluna Co. Ltd., last week launched an exclusive apartment development project in the upscale Union Place location at a project cost of over $ 50 million (Rs. 7.3 b). ‘Luna Tower – Four Four Seven’ is a 200-apartment building located centrally at Union Place, offering speedy and convenient access to the commercial and entertainment areas of Colombo. Its unparalleled location offers sweeping vistas of the Beira Lake on one side and the Viharamahadevi Park on the other. The ground-breaking ceremony of the real estate development titled ‘Luna Tower – Four Four Seven’ was held on 12 October at the development site, in the presence of eminent invitees comprising of the senior management of Asia Capital and B...

Asia Capital and Japan’s Belluna break ground for US$ 51mn apartment complex

The ground breaking ceremony of the ‘Luna Tower- Four Four Seven’ luxury apartment, a joint venture between Asia Capital PLC and Japanese investors Belluna Co. Ltd, took place recently. The apartment complex will be built at a cost of US$ 51 million in Union place. The 200- apartment building is scheduled for completion by October 2019. Asia Capital PLC Group CEO/Director Stefan Abeysinhe said that in venturing into real estate in the apartment complex segment, they are delighted to partner with Belluna Japan, as this joint project creates a new paradigm in local and foreign joint venture projects in Sri Lanka. He said that prospective buyers could select from 2-3-4 bedrooms within a price range of Rs.35-140 million. Talking to Mirror Business, he said that five of their projects in par...

‘Luna Tower – Four Four Seven’, new landmark luxury apartment project launched at Union Place

Asia Capital PLC in collaboration with Japanese foreign investor and partner, Belluna Co. Ltd, has launched an exclusive apartment development project in the upscale Union Place location at a project cost of over USD 50 million (LKR 7.3 Bn). The ground-breaking ceremony of the real estate development titled ‘Luna Tower – Four Four Seven’ was held on 12th October 2016 at the development site, in the presence of eminent invitees comprising of the senior management of Asia Capital and Belluna; government officials involved in the project including CMC and UDA representatives; and the Japanese Ambassador to Sri Lanka - His Excellency Mr. Kenichi Suganuma. Hon Dr. Sarath Amunugama - Minister of Special Assignments also graced the occasion. Philip Weeraratne Associates (PWA) are the Principal...