Shangri-La Residences debuts in Colombo

Hong Kong-based Shangri-La Group launched its luxury residential project on Friday at Galle Face Colombo eyeing to tap local and foreign buyers for exclusive residences in the city, officials of the company said. Construction work on the two 50 floor residential structures is now underway and will be completed in 2018, a spokesman of Shangri-La Hotels Lanka Ltd said. 

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(Source: Sunday Times)

Change of plans for Shangri-la

The earlier plans for the construction of a hotel opposite the Galle Face by the Hong Kong based Shangri-La Group have reportedly been changed and according to the new plans even the high tension electricity lines running across the area have to be relocated.

According to the new plans there is an addition of about 125 rooms, reports say.

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(Source: Sri Lanka Mirror)

Shangri La Colombo hotel on stream; other plans on hold

Hong Kong-based Shangri La group is focusing on Phase 1 of its Colombo project – construction of a luxury 500-room hotel but re-thinking its Phase 2 development of luxury residencies and a 25,000 square metre high-end shopping mall, official sources said.

Piling work at the Shangri-La, Colombo hotel site is now underway after around two years of its ground breaking ceremony held in Colombo on February 2012. But the company is in two minds on the construction of the luxury apartment complex due to insufficient demand, a senior official said adding that the company might drop the idea after assessing market conditions.

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(Source: Sunday Times)

Five SDPs including Krrish still at ‘identification’ stage

Though Sri Lankans can challenge strategic development projects (SDPs) which include Shangri La, Crown (Casino project) and Krrish when the first gazette is issued, there hasn’t been any such opposition.

People are not exercising their right of making written objections or representations regarding such projects due to lack of awareness or apathy, a top government administrator said, adding that there is transparency in such project approvals. A streamlined procedure including the entertaining of public representations is followed by the line ministry before parliamentary approval is sought to implement SDPs.

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(Source: Sunday Times)

Shangri La breaks ground for 661room hotel in Colombo

Shangri-La Asia Limited will invest 408 US$ million on this hotel project.  The star class hotel will have 661 rooms, 30 storied and the construction work is to be completed in 2015.
 

Shangri-La is also planning to construct it's second hotel in Hambantota to open in 2013, on approximately 115 acres of land with a 315 rooms with a  investment of 120 US$ million.

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(Source: News.lk)