Article

A rare development opportunity in one of Asia’s fastest growing CBD locations

Port City is a 269-hectare master-planned business district adjacent to the existing CBD, and will deliver over 60 million square feet of new commercial, leisure and hospitality space as well as residential units upon completion.

January 01, 2021

Port City is a 269-hectare master-planned business district adjacent to the existing CBD, and will deliver over 60 million square feet of new commercial, leisure and hospitality space as well as residential units upon completion. Funded by the ‘One Belt, One Road’ initiative, Port City will further establish Colombo as the leading commercial hub and gateway city servicing South Asia, underpinned by its strategic location and dominant port.

China Harbour Engineering Company (“CHEC”), the master developer, is a leading global contracting and engineering company specialising in land reclamation and large infrastructure projects. CHEC is looking for strategic partner(s) to develop unique land plots within Port City, with the International Finance Centre plot taking priority.

Key investment highlights:

  • Investors are being offered the opportunity to either acquire the land plots outright or to form a joint venture with CHEC
  • Participate in the catalyst development of a landmark mixed-use scheme, to be named International Finance Centre, delivering a total of ~270,000 square meters
  • Conceptualized by SWECO, Atkins and AECOM this integrated urban environment will adopt best in class infrastructure and green principles.

Bastian VanHalder

rachel.smylie@ap.jll.com