A leading business conglomerate, Softlogic Holdings PLC will be investing Rs. 15 billion in a major mixed development project in Colombo and have informed the Colombo Stock Exchange (CSE) to that effect, Softlogic sources said.
The mixed development project will be based at the main Odel department store premises in Colombo. The project will comprise of a shopping mall, apartment complex and other facilities. The project will begin construction work this year and is scheduled to be completed in three years, sources added..
Softlogic holds more than a 90 percent stake in the Odel department store and the latest project under reference would be launched by the company as a flagship venture.