An internationally renowned property policy expert and Belius GmbH Managing Partner Andreas Krüger predicted that Sri Lanka’s largest and most iconic integrated multi-functional development project, Cinnamon Life, will help Colombo to be the main hub in the region.
Krüger made these remarks while commencing the first chapter of the Cinnamon Life Business Forum series conducted with top business leaders, developers and investors.
The Cinnamon Life Business Forum series, conducted in association with Ceylon Chamber of Commerce and German Development Cooperation (GIZ), was launched to share ideas that will help to shape Colombo into a dynamic and competitive city.
Krüger further said Cinnamon Life, from Sri Lanka’s premier listed conglomerate, the John Keells Group, is the island's most iconic integrated multi-functional development project.
Krüger also valued the important role played by the country’s real estate industry in supporting the transformation and growth of a city.
Krüger highlighted the important areas including political, government and public administration policymaking and the importance of understanding different roles, stakeholder monitoring, adhering to recommended methods and embracing process innovations.
Presenting his insights at the forum, Krüger said although Sri Lanka has progressed rapidly after the three-decade civil conflict, the country has yet to see a mixed development as large as Cinnamon Life making a mark on its skyline and economy.
He said this project and the country’s rapidly growing real estate industry would play a crucial role in the development and positioning of the city of Colombo as a regional hub.
Krüger said he wished the topics that were discussed at the forum will shed a light on the role that large-scale property and real estate projects will have on the island’s overall urban and economic development. In addition, Krüger also delivered exclusive insights from the drastic transformation of Berlin, a dynamic and fast-paced city that thrives on entrepreneurial drive, contrast and creativity.
It is said that Cinnamon Life’s iconic design which is to be the first multi-functional development of its kind in the country is a city within a city and it will span across 4.5 million sqft.
Upon completion, the project will comprise an 800-roomed luxury Cinnamon hotel, an array of entertainment facilities, apartments, retail and entertainment malls, office space and many other attractions.
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