Home Lands Announces Strategic Entry into Port City Colombo with Iconic High Rise Development

Enhances Scope for Foreign Investment in Sri Lanka

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Home Lands, Sri Lanka's number one and most trusted innovative developer, has secured an over three-acre premium mixed-use land parcel at Port City Colombo in a landmark transaction valued at USD 40.1 million (approximately LKR 12.5 billion), marking one of the most significant single investments made by a Sri Lankan developer within the country's most ambitious urban development project.

With this milestone, Port City Colombo joins hands with Home Lands, Sri Lanka's market leader in real estate, the consecutive three-time 'Best Developer Sri Lanka' award winner at the PropertyGuru Asia Property Awards and the distinguished Superbrands status holder, reinforcing the presence of globally recognised local excellence within the rapidly evolving Special Economic Zone. The acquisition reflects Home Lands' financial strength and long-term confidence in Sri Lanka's future, as the company stands as the only single Sri Lankan developer to undertake such a significant and independent investment at Port City Colombo, without entering into a joint venture or foreign partnership. The move underscores the Group's robust capital position and institutional resilience both locally and internationally.