NEWS FEED

Prime Group successfully hands over two more Condominium Projects at Colombo 05

2022-07-01

Despite Challenging Times Prime Group Delivers on Promises

Successful handover of 2 more seven-storey Condominium Projects at Kassapa Road Colombo 5

Wednesday, 17th June 2022, Colombo; Prime Lands Residencies PLC have completed the construction of two more successful apartment projects at Kassapa Road, Colombo 5, and begun the handing over process to customers. Each apartment project consists of the ground floor and six floors built to the highest standards and in compliance with all regulatory requirements.

Executive Director of Prime Lands Residencies PLC, Nalinda Heenatigala said, “Despite the many challenges we had to face in the construction industry over the past two years, we are very happy to have completed both projects and begun handing them over to our customers. Our teams rallied round very well despite the Covid pandemic and the economic crisis to ensure that we deliver what was promised. We also appreciate very much the cooperation extended by the various regulatory authorities including the UDA and the Condominium Management Authority in this endeavor.”

The two projects ‘Java 25’ and ‘Desire’ are lifestyle apartment projects with 25 and 35 apartment units respectively and are equipped with elevator, swimming pool, gym, 24-hour security, parking facilities and standby generator.

“They are on the border of Colombo 5 & 7, and are within walking distance of leading schools such as Visakha Vidyalaya, Thurstan College, Holy Family Convent and Royal College. They have proved popular with investors and most properties have already been snapped up,” Heenatigala explained. The 2 and 3 bedroom apartments, offer privacy and seclusion with the convenience of luxurious urban living in a quiet environment.”

“We were recently honoured as the leading Real Estate Consumer Brand in Sri Lanka, and recognized as “The Best of The Best” and most valuable real-estate consumer brand in the country by LMD’s Brands Annual 2022” said Heenatigala. “We were also ranked as the Most Respected Real Estate organization for four years and the Most Awarded Real Estate Entity for two consecutive years. ‘Great Place to Work’ recognized us for six years as a team that works with commitment, passion and purpose. Prime will continue to offer strong support for the recovery of Sri Lanka’s economy.”

Prime Group has ongoing and completed projects with a portfolio of 29+ individual housing projects, land projects spread across 18 districts in the country and 41+ apartment projects located in Colombo and the suburbs which is a testament of delivering on their promises to the customers and the group’s financial stability. This was reaffirmed by the latest credit rating upgrade assigned to both Prime Lands (Pvt.) Ltd. and Prime Lands Residencies PLC by the Independent Rating Agency ICRA LANKA LIMITED (Subsidiary of Moody’s Investors Service) from [SL] A- (stable) to [SL] A (stable) in April 2022. Upgrading the credit rating during a time when the industry is facing adverse head winds from both the macro and micro environment, was highly welcomed by all stakeholders of the Prime Group.

RELATED NEWS

Prime Lands Awarded As The Best Real Estate Company in Sri Lanka At Asia Pacific Property Awards

2014-05-09

Prime Lands was awarded as the Best Real Estate Company in Sri Lanka at Asia Pacific Property Awards.

Dream Home

2016-07-05

The Founder / Chairman of Prime Lands Group Mr. B. Premalal explained what are the factors we need to consider when buyi...

LMD APRIL ISSUE 2016

2016-07-05

Asia Pacific Property Awards

2016-07-09

ASIA PACIFIC PROPERTY AWARDS 2015-2016.

Great Place To Work In Sri Lanka 2016

2016-07-13

Great Place To Work® Institute presents the Best Companies to Work for in Sri Lanka each and every year, in partnership...

Prime Grand Ward Place Groundbreaking Ceremony

2016-12-15

PRIME GRAND OFFERS A PRESTIGIOUS WARD PLACE ADDRESSConstruction on Prime Grand, an upmarket, 36 floor, 316 unit apartmen...

Channel Eye - Business News

2017-04-19

Mr. Brahmanage Premalal, Chairman of Prime Group was interviewed by Channel Eye for Business Today Program

Prime Group Power Toastmasters Ovation As Strategic Partner

2017-05-16

Prime Group Power Toastmasters Ovation As Strategic Partner!

Prime Group Charters Toastmasters Club

2017-05-24

The Prime Group Toastmasters club held its charter ceremony on 24th May with the prestigious presence of the Toastmaster...

Great Place To Work In Sri Lanka For 2017

2017-07-06

We are delighted to announce Prime Group has been rated as one of the 25 Great Work Places in Sri Lanka – 2017 for the...

Two Giants Join Hands

2017-10-20

Maga to construct The GrandPrime Group, the leading Sri Lankan property giant, announced the awarding of the contract fo...

Great Place To Work 2018

2018-07-19

We are delighted to announce that Prime Group has been rated as one of the 25 Great Work Places in Sri Lanka – 2018 fo...

Best Developer of Sri Lanka

2018-07-19

Distinguished property developer Prime Group bolstered its reputation as an industry leader by securing four top awa...

The Grand, Ward Place Promises Utmost Privacy Amidst Uninterrupted Views

2019-11-06

Best Developer In Sri Lanka Yet Again

2019-11-22

Distinguished property developer Prime Group bolstered its reputation as an industry leader by securing four top awards

Prime Group Sets Benchmark For Real Estate Industry With Credit Rating Of A- Stable

2020-05-16

Property magnet Prime Group makes history as the first institution in the Sri Lankan real estate industry to receive a p...

Prime Group hosts gala to welcome the New Year

2021-04-21

In celebration of this year’s Sinhala & Tamil New Year, the flagship property of Sri Lanka’s leading property develo...

CSE approves landmark Rs. 1.9B IPO of Prime Lands Residencies

2021-04-27

The Colombo Stock Exchange (CSE) has approved an application submitted by Prime Lands Residencies Ltd. for the listing o...

Prime Lands Residencies Limited debuts IPO

2021-05-05

Prime Lands Residencies Limited the condominium property arm of the maestro of real estate artistry in Sri Lanka, Prime ...

Prime Lands Residencies IPO oversubscribed on Opening day

2021-05-12

Following the debut of Prime Lands Residencies’ Initial Public Offering (IPO) yesterday, the company’s oversubscript...

Prime Group extends a helping hand to thousands with the ‘Ek Dawasak Sith Dahasak’ initiative

2021-06-30

Affirming its deep commitment to empowering communities in the country, Sri Lanka's leading real estate developer Prime ...

President Of Condominium Developer's Association

2021-07-31

Sri Lanka's leading property development conglomerate Prime Group's dynamic Chairman Premalal Brahmanage has been appoin...

Prime Lands Residencies Ends FY21 On Exceptionally High Note

2021-08-02

Prime Lands Residencies PLC has ended FY21 on an exceptionally high note with impressive gains on the top line and botto...

LMD's Most Respected Entities

2021-08-09

Affirming its indelible reputation as the country's premier and largest diversified property development conglomerate Pr...

Appointment of Mr. Noel Joseph

2021-11-04

Leading real estate company Prime Lands Residencies PLC announced the appointment of Noel Joseph to the Company's Board ...

Prime Lands Residencies Records Milestone Achievement in 1H

2021-11-09

Continuing its rapid growth trajectory amidst challenging economic conditions, Prime Lands Residencies PLC (PLR), a subs...

PLR Records an Impressive Profit After Tax

2022-02-08

Prime Lands Residencies PLC (PLR) has made a profit after tax of LKR 1,158 million for the 9-month period ended FY 2021/...

Prime Group Shapes the Neighborhood in Kurunegala

2022-02-10

Prime Rajadhaniya, the newest property development spread over 8 acres of land with both condominium and villa residenti...

“Most Awarded Real Estate Group” BY LMD

2022-03-11

At Prime Group, we always put forward our dedicated, loyal, and talented employees who are the real champions in our jou...

ONE VOICE. ONE NATION.

2022-04-05

A Message From Prime Group

2022-04-26

Prime Group Strengthen The Financial Stability to [SL] A (Stable)

2022-04-26

Prime Lands Ltd. and Prime Lands Residencies PLC have received a further strengthen issuer rating of [SL] A (Stable) mak...

Prime Group Crowned ‘Most Valuable Real Estate Consumer Brand’ in Sri Lanka

2022-05-05

Prime Lands Residencies PLC has been ranked the most valuable real estate brand in Sri Lanka for the year 2021 by Brand ...

Prime Group successfully hands over two more Condominium Projects at Colombo 05

2022-07-01

Prime Lands Residencies PLC have completed the construction of two more successful apartmen...

Prime group listed among Asia’s 100 best workplaces in the SME category for 2022 by great place to work

2022-09-22

Prime Group was recently listed among the 100 Best Workplaces in Asia for 2022 by Great Place to Work® in Small and Med...

Prime group wins two gold awards for customer engagement

2022-11-01

Prime Group, the leading real estate company in Sri Lanka won two Gold Awards at the 11th Global Customer Engagemen...

Prime Wins Gold in Land and Property Sector at TAGS Awards 2022

2022-12-12

Wednesday, December 10, 2022, Colombo; Prime Lands Residencies PLC was placed 1st in the Land and Property Companies S...

Sri Lankan companies shine at 10th Edition of Maldives Living Expo

2022-12-22

The 10th Edition of the Maldives Living Expo was held in Dharubaaruge, Male City., Maldives from 15 to 17 December.The E...

Prime Group Unveils its Latest Masterpiece: The Grand Ward Place, a Triumph of 100 % Sri Lankan Excellence

2023-05-15

Colombo, Sri Lanka – May 15, 2023: With its respected clientele and project partners present, The Grand Ward Place, t...

Prime Group completes flagship project ‘The Grand Ward Place

2023-05-19

19th May 2023 - The Grand Ward Place, the ultra-luxurious flagship project of Prime Group declared open with its esteeme...

Prime Group launches 43 By The Sea on Marine Drive

2023-06-16

16th June 2023 : Colombo’s newest most sought-after address is here, with the opening of 43 By The Sea, Marine Drive....

Prime Land Residencies shines once again as one of Sri Lanka’s ‘Most Valuable Consumer Brands’

2023-08-09

09th August 2023: Prime Land Residencies, the trailblazing leading real estate developer, has once again proven its exce...

HNB renews partnership with Prime Group for exclusive home loans

2023-09-25

25th September 2023 : Paving the path for aspiring homeowners, Sri Lanka’s leading private sector bank, HNB PLC, renew...

Prime Group unveils revolutionary 1% payment plan with ‘The Colombo Border’

2023-11-03

03rd November 2023 : Prime Group, the real estate giant, is proud to introduce an exceptional investment opportunity th...

Prime Lands Residencies Clinches Dual Honors at TAGS Awards 2023

2023-12-15

15th December 2023 : Prime Lands Residencies PLC is proud to announce its stellar achievements at the TAGS Awards 2023,...

Prime Lands Residencies PLC announces Sandamini Perera as New Executive Chairperson

2024-01-03

03rd January 2023 : Prime Lands Residencies PLC, the real estate leader, has announced a change in leadership with Sa...

Prime Group felicitates MAGA Engineering for successful completion of ‘The Grand’ project

2024-02-05

Prime Group, the visionary force behind some of Sri Lanka's most prestigious living spaces, today marked a significant m...

Prime Group Hands Over Keys to Paradise to Proud Owners of The Beach Front II Uswetakeiyawa Residences

2024-03-19

Beachfront luxury just minutes away from Colombo. Prime Group, the leading real estate developer in Sri Lanka, proudly ...

Sandamini Perera among 18 for EY Entrepreneurial Winning Women Asia-Pacific class of 2024

2024-03-29

Sri Lanka’s Prime Group Co-founder and Co-chair Sandamini Perera has been selected to be among 18 female entrepreneurs...

HNB partners Prime Group for exclusive promotions

2024-04-08

HNB PLC has renewed its partnership with renowned real estate property giant Prime Group to offer potential homeowners e...

The beginning of a remarkable partnership between Real Estate Giant, Prime Group and San Piling (Pvt) Ltd for The Colombo Border

2024-04-08

The beginning of a remarkable partnership between Real Estate Giant, Prime Group and Construction sector expert San Pili...

Prime Residencies breaks ground and launches Phase II of ‘The Colombo Border’

2024-04-26

Prime Lands Residencies PLC, Sri Lanka’s leading real estate developer, said it has achieved a significant milestone w...

Prime Residencies ‘The Seasons Colombo Eight’ sets new benchmark for ultra luxury residential living

2024-06-03

Prime Lands Residencies PLC, Sri Lanka’s most prolific and trusted property developer, proudly unveils ‘The Seasons ...

Prime Lands Residencies shines with dual awards at the 14th BestWeb.lk 2024, celebrating excellence in digital innovation

2024-08-22

Prime Lands Residencies PLC, has once again demonstrated excellence as a digital innovator clinching two prestigious awa...

Prime Residencies Celebrates Groundbreaking of Ultra-luxury Boutique Development 'The Seasons Colombo 8'

2024-09-12

Sri Lanka’s most prolific and trusted property developer, Prime Lands Residencies PLC, celebrated the groundbreaking...