Trillium Property Management & Services (TPM&S) is the process of diversification into leisure sector in addition to further expanding its horizons in the real estate sector, TPM&S Chairman Janaka Ratnayake said at the unveiling of Trillium Tower head office complex in Colombo 5 on Wednesday.
“We are building our first star class hotel in Colombo 7 which will be opened during next Europe summer. We are planning to have two more luxury resorts in Maharagama and Kahathuduwa which will be based on agricultural and eco-friendly concepts similar to rice field villas in Bali. This will cost us in the range of Rs 600 million for which we have enough money,” he said. With these expansions and further develops in mind we are thinking of a possible Rs one billion IPO early next year for new projects,” Ratnayake said.
He said that unlike other property developers Trillium was looking at brand building and not at numbers. There was also a misconception to say that the condominium market was overcrowded. According to a research done by them it were less than 7,500 in the next six years which was not a big number.
“Our mission at the end of the day is to create value and we deliver almost 40% value addition and capital appreciation to customers,” Ratnayake said.
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