Thursday, 8 September 2016

Lee Hedges in Rs2.8bn Sri Lanka serviced apartment project

Lee Hedges Plc, a publicly traded company in Sri Lanka, said it will build a Rs2.8 billion multi-storied serviced apartment project in the capital Colombo.

The Board of Directors had formally approved the decision on August 26, the firm said in a stock exchange filing.

"Although there is an increase in the supply of residential apartments, demand for property in a prime location such as ours is likely to be steady," Chairman S R Vamadevan told shareholders in March 2016.

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(Source: Economy Next)

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