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Project Sunshine. History of the group The proposition USP Promoters and Management Group Structure Financial Summary Particulars of the property development.

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Presentation on theme: "Project Sunshine. History of the group The proposition USP Promoters and Management Group Structure Financial Summary Particulars of the property development."— Presentation transcript:

1 Project Sunshine

2 History of the group The proposition USP Promoters and Management Group Structure Financial Summary Particulars of the property development 1, 2,3 Contents

3 History of the group Established in 1980 to provide maintenance services for air conditioning and refrigeration units also ventured into manufacturing of same in 1985. The group has been in the business of Bottled Water and Ice for the last 20 years. The Group owns land of 0.5 Acres in the prestigious Colombo 02 area on which they propose to have a mixed development project.

4 The proposition The group needs to raise USD33.7mn : - for the Mixed Development Property Project The group wishes to maintain minimum of 51% equity stake.

5 USP Colombo is reaching almost 100% occupancy in commercial and office space. Location attracts the highest rental rate for commercial buildings in Colombo. One of the largest suppliers of air conditioning and specialized refrigeration appliances in Sri Lanka with over 300 Dealers island wide. One of the leading suppliers of Bottled Water and Ice with a well known brand name.

6 Promoters and Management The promoters have over 30 years of experience in the air conditioning field and Bottled Water. The main promoter has extensive experience in banking and power and enjoys a very good business reputation.

7 CorporateStructure Corporate Structure Air Conditioning and Refrigeration Property Development Bottled Water and Tube Ice

8 Particulars of the Property Development (Square metres )  Land Area : 2,281  Total Area to be constructed : 31,916 - Retail 1,198 - Office 15,391 - Residential 1,885 - Common Areas 13,440 The Project is Designed by one of the most reputed Sri Lankan Architects with extensive prestigious global projects completed Project execution period : January 2015 – March 2017

9 Particulars of the Property Development 2 All regulatory approvals are expected by end of September 100% electricity backup by Diesel generators Adequate basement parking will be provided The Residences will be of luxury international standards and will be marketed to expats and non resident Sri Lankans

10 Particulars of the Property Development 3 The Commercial and Office spaces will be leased and residential apartments will be sold The Property will be marketed by international and local property consultants Building maintenance will be up to international standards

11 Commercial Model Total outlay on the building project : USD 34 mn Revenue from Advance Payments of lease rentals and installments for apartment purchases are expected to cover the outlay within 3 years


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