Projects

A Legacy of Excellence

Leveraging global design trends and embodying the highest standards of project management, Asia Capital successfully concluded its real estate development phase. Our dedicated project management team meticulously oversaw the construction and finalization of all pipeline projects. Following their successful completion, this entire portfolio has been strategically handed over to external management companies or investment entities. This process concludes Asia Capital PLC’s direct operational involvement and connection to this business segment, marking a successful strategic transition.

447 Luna Tower

Set in the heart of the city of Colombo, 447 Luna Tower will transform the landscape of Union Place. Constructed on prime real estate, the tower stands 44 floors tall and consists of 194 upscale apartments. Its design is a blend of cultural elements and contemporary style providing luxury living, world class amenities and unparalleled views of the city.

Project was completed & Commenced handing over procedures in April 2022

  • Investment: USD 55.0 Mn
  • Partners: Developers: Belluna Co. Ltd, Japan and Asia Capital PLC, Architects: PWA Architects and ONG & ONG, Singapore, Contractors: Sanken Construction (Pvt) Ltd. & Nawaloka Piling Company (Pvt) Ltd.

Granbell Hotel Colombo

Located at the centre of Colombo’s busiest commercial hub, Marine Drive is a 297 room hotel that is an ideal destination for both business and leisure travellers.

Project was completed & Commenced Commercial Operations in May 2022

  • Project cost: US$ 62 Mn

LE GRAND

Le Grand was completed and formally launched to the market on 31st July 2018 under the Asia Leisure portfolio. This ultra-luxurious resort will consist of 56 rooms and 4 room categories which include Superior Rooms, Deluxe Rooms, Premium rooms and Suites. The property was formerly named Le Grand to symbolise its connection to the Belluna Group’s other properties around the world.

  • Total project cost USD 20 Mn Project duration 20 Months
  • Partnership: Belluna Co. Ltd. Japan and Asia Capital PLC
  • Architects: Philip Weeraratne Associates
  • Contractors: MAGA

Shinagawa beach

White and linear, Shinagawa Beach is a clean and contemporary luxury beachfront property located in Balapitiya. The three-story hotel features 24 deluxe rooms and 2 suites with exclusive butler services. Tucked away in a secluded and intimate location with a natural rock pool, Shinagawa Beach offers each of its guests a spectacular oceanfront view and private balcony. Shinagawa Beach has been accepted into the elite group of Small Luxury Hotels of the world, consisting of some of the finest hotels around the world.

Maldives Miriandhoo

The 70 room hotel project that commenced in September 2016 was completed on schedule in mid 2018. Backed by a management tie up with the Westin Group, the official launch took place in London in October 2018, where the property was unveiled as the Westin Mirandhoo Maldives.

  • Total project cost USD 45 Mn Project duration 20 Months.

Galle Beach Hotel

Galle 1 is a 96 room hotel project on a 2-acre plot of land that commenced in May 2017.

  • Project Cost estimated US$ 15.2 Mn
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