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Owning a significant land bank in prime areas of Colombo and the rest of the country, the Property Group is one of the largest private sector proprietors of real estate in Sri Lanka. As the controlling shareholder of Asian Hotels and Properties PLC – the owners and promoters of ‘Crescat City’ which houses the five star hotel ‘Cinnamon Grand’, the up-market shopping mall ‘The Crescat Boulevard’, the 30-storey luxury apartment complex ‘The Monarch’, the 35-storey luxury apartment complex, ‘The Emperor’ and the ‘Angsana City Club & Spa’, the Property Development arm concentrates primarily on the development and sale of residential apartments. The Property Management arm of the group concentrates on the operations of the Crescat Boulevard and the management of the office sites within the city.
The Property Group has launched a new condominium project known as "On Three 20" which consists of 475 apartments in the heart of the city of Colombo. Reservations for apartments units are currently being accepted and construction is scheduled to start in April 2011.
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