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One Galle Face is a mixed-use complex of buildings near the Galle Face Green in Colombo, Sri Lanka. It is also Sri Lanka's first internationally and developed and managed mixed use project and was officially opened on 8 November 2019. [ 4 ]
Owned by Shangri-La Hotels, [1] the property is part of the larger One Galle Face development project at the site of the Old Army Headquarters. It is the second Shangri-La hotel on the island (after Shangri-La's Hambantota Golf Resort & Spa) and the 101st hotel of the chain of Shangri-La Hotels world-wide. [6] The hotel was opened on 11 ...
The hotel is located adjacent to the Galle Face Green and next to Shangri-La Colombo and Taj Samudra hotels. It is ITC Hotels' first foreign investment. The hotel is 140 metres (460 ft) tall and accompanied by a 224 metres (735 ft) tall Sapphire Residences building. The two buildings are connected by Ahasa One, a 55 metres (180 ft) sky bridge.
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Renuka Holdings is one of the 20 largest conglomerates in Sri Lanka. In 2019, Renuka Holdings' corporate brand value was worth LKR1,279 million. [13] In 2020, Renuka Holdings entered into an agreement with Sanken Constructions to develop an LKR3.9 billion mixed development project near the Galle Face Green. The project is known as Galle Face ...
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As a Special Economic Zone (SEZ) governed by the Colombo Port City Economic Commission (CPCEC), Port City Colombo aims to be a business-friendly environment for investors. . The SEZ includes tax incentives and exemptions of up to 25 years for Businesses of Strategic Importance (BSIs), transactions in 16 designated foreign currencies with no capital or exchange controls, 100% foreign ownership ...