447 LUNA TOWER: Set to Transform the Colombo Skyline

Belluna Co. Ltd. Japan, in a joint venture with Asia Capital PLC, is set to transform the skyline of Colombo, with its exclusive apartment development project ‘447 Luna Tower’, located in the heart of the city at Union Place

Belluna, a Tokyo Stock Exchange – – First Section listed company, is a significant player in the global real estate industry with decades of experience. Belluna’s existing projects span from Myanmar to the US, including Hollywood and Los Angeles, and now Sri Lanka. For Asia Capital PLC, a diversified financial service conglomerate and the largest investment bank to be listed on the Colombo Stock Exchange, this project represents yet another milestone in its history of achievements, both in investment banking and property development.

“Speedy delivery is our sole aim at this time. Through careful selection of all our partners, we can guarantee the best in quality for our buyers. 447 Luna Tower comprises several beneficial aspects including the prime location, unbeatable pricing, urban tranquility, as well as being one of the few projects in Colombo to be fully funded and autonomous of sales,” commented Asia Capital PLC Senior Manager of Projects Eraj Rajapakse.

Philip Weeraratne Associates (PWA) are the principal architects for 447 Luna Tower. With extensive projects under its belt from upmarket hotels to minimalistic-designer homes, PWA’s vision for 447 is that of vertical living in a visually compelling and functionally efficient manner. The project, which is scheduled to be completed in 2020, is poised to be the only condominium in the heart of the city to strike a perfect balance of elegant design, luxury living and convenience of location at a competitive price. 447 Luna Tower offers 2-bedroom apartments starting from Rs36.5 million, 3-bedroom apartments starting from Rs68.5 million and 4-bedroom apartments starting from Rs118.5million.

This is the first of many projects to be undertaken through the Asia Capital and Belluna alliance. Other projects include an ultra-luxurious, 55-villa resort in Galle, which is under construction and scheduled to be completed in April 2018; a 308-room city hotel on Marine Drive in Colombo 3; as well as their first resort endeavor with Marriott International to debut the Westin brand in the Maladives with the “Westin Maldives Miriandhoo Resort”, with a 70-room capacity. A further multi-development project in Colombo is in the planning stages. Belluna Japan’s long-term plans with Asia Capital PLC reiterate the company’s confidence in Sri Lanka’s growing real estate industry.