Business
Thornton and Dane wins Rs 1.8 bn contract to build JAT Property Group’s ‘146 Residencies’
Thornton and Dane Engineering has announced it has been awarded the Rs 1.8 billion contract to build ‘146 Residencies’ – the latest residential development of JAT Property Group (Pvt) Ltd.
The Nextventures owned civil engineering company was chosen from five shortlisted bidders to construct the 14-storey edifice at Thalawathugoda, which on completion will comprise of 112 apartments on 10 residential floors supported by the ground floor and three floors of parking.
Thornton and Dane Engineering was incorporated in September this year, following the acquisition by Thornton Engineering of Dane Engineering (Pvt) Ltd., creating a construction business with a combined portfolio of Rs 5.9 billion. The construction of ‘146 Residencies’ is the first major contract awarded to the Company after the merger.
“Winning this contract is an auspicious beginning for Thornton and Dane,” the Company’s Managing Director Deepthi Perera commented. “It validates our rationale that the combined strengths of Thornton and Dane represent a formidable as well as extremely flexible engineering entity that is capable of executing projects of varying scope and scale.”
Of the two companies that make up Thornton and Dane, Dane Engineering is registered with ICTAD of Sri Lanka as a Grade C1 contracting company and is ISO 9001 certified. Dane Engineering employs 400 people and focuses principally on vertical and horizontal condominium projects, housing projects, hotels, office buildings and bridge, road and water supply construction projects and has developed extensive capabilities in the execution of mechanical as well as structural steel and Aluminium fabrication and horizontal directional drilling.
To be built on 92 perches of prime real estate, ‘146 Residencies’ will be designed by the veteran architectural firm Design Consortium Limited (DCL). It will offer two-, three- and four-bedroom apartments ranging from 688.6 square feet to 2,367.2 square feet and features such as an 8,800 square foot rooftop and common facilities ranging from a swimming pool, barbeque area, a kids’ playground, a gym and a private recreational space.
Thornton and Dane has committed to complete the project in two years from the date of commencement of construction. No stranger to meeting challenging construction deadlines, Dane Engineering is recognised for its completion of the University College of Ratmalana in just 180 Days.
Among the company’s other achievements are its appointment as the construction partner in the Homagama Park Lane project, a horizontal condominium project comprising of 74 luxury villas; Loft Residencies – Colombo, the Central Park Ja-Ela, and the Kelsey Homes projects at Kottawa and Ja-Ela. Some of its infrastructure projects include a World Bank-funded road development project in the Sabaragamuwa Province and several bridges in the Central Province.
The Board of Directors of Thornton and Dane comprises of Messrs. Dinesh Schaffter (Chairman), Deepthi Perera (Managing Director), Piyal Hennayake (CEO), Sivasothy Sitharthan and Eng. K. P. I. U. Dharmapala.
The Delegation of German Industry and Commerce in Sri Lanka (AHK Sri Lanka) proudly facilitated the first-ever Sri Lankan delegation’s participation at Drupa 2024, the world’s largest trade fair for the printing industry and technology. Held after an eight-year hiatus, Drupa 2024 was a landmark event, marking significant advancements and opportunities in the global printing industry.
AHK Sri Lanka played a pivotal role in organising and supporting the delegation, which comprised 17 members from the Sri Lanka Association for Printers (SLAP), representing eight companies from the commercial, newspaper, stationery printing, and packaging industries. This pioneering effort by AHK Sri Lanka not only showcased the diverse capabilities of Sri Lanka’s printing sector but also facilitated vital bilateral discussions with key stakeholders from the German printing industry.
Business
Unveiling Ayugiri: Browns Hotels & Resorts sets the stage for a new era in luxury Ayurveda Wellness
In a captivating reimagining of luxury wellness tourism, Browns Hotels & Resorts proudly unveiled the exquisite Ayugiri Ayurveda Wellness Resort Sigiriya. This momentous occasion, celebrated amidst a vibrant and serene grand opening on the 6th of June, heralds a new chapter in the Ayurveda wellness tourism landscape in Sri Lanka. Nestled amidst 54 acres of unspoiled natural splendour, Ayugiri features 22 exclusive suites and stands out as the only luxury Ayurveda wellness resort in the country offering plunge pools in every room, rendering it truly one-of-a-kind.
The grand opening of Ayugiri Ayurveda Wellness Resort was an enchanting event, where guests were captivated by the melodies of flutists and violinists resonating through Sigiriya’s lush landscapes. As traditional drummers and dancers infused the air with vibrant energy, Browns Hotels & Resorts’ CEO, Eksath Wijeratne, Kotaro Katsuki, Acting Ambassador for the Embassy of Japan and General Manager, Buwaneka Bandara, unveiled the resort’s new logo, marking a significant moment witnessed by distinguished guests from the French Embassy, Ayurveda and wellness enthusiasts along with officials from the Sigiriya area, LOLC Holdings and Browns Group.
“Our strategic expansion into wellness tourism with Ayugiri Ayurveda Wellness Resort Sigiriya symbolises a significant milestone for Browns Hotels & Resorts. Wellness tourism has consistently outperformed the overall tourism industry for over a decade, reflecting a growing global interest in travel that goes beyond leisure to offer rejuvenation and holistic well-being. By integrating the timeless wisdom of Ayurveda with modern luxury, we aim to set a new standard in luxury wellness tourism in Sri Lanka. Whether your goal is prevention, healing, or a deeper connection to inner harmony, Ayugiri offers a sanctuary for holistic well-being” stated Eksath Wijeratne.
Ayugiri encapsulates the essence of life, inspired by the lotus flower held by the graceful queens of the infamous Sigiriya frescoes. Just as the lotus emerges from the murky depths, untainted and serene,
Ayugiri invites guests on a journey of purity and rejuvenation, harmonised with a balance of mind, body and spirit, the essence of nature, echoes of culture and the wisdom of ancient Ayurvedic healing.
HNB General Insurance, one of Sri Lanka’s leading general insurance providers, has been honored as the Best General Bancassurance Provider in Sri Lanka 2024 by the prestigious Global Banking and Finance Review – UK.
The esteemed accolade underscores HNB General Insurance’s unwavering commitment to excellence and its outstanding performance in the field of bancassurance. Through dedication and hard work, the HNB General Insurance team has continuously endeavored to deliver innovative insurance solutions, cultivate strong relationships with banking partners, and provide unparalleled service to customers nationwide. This recognition is a testament to the team’s dedication and relentless pursuit of excellence in the bancassurance business.
“We are honored to receive this prestigious award, which reflects our team’s tireless efforts and dedication to delivering value-added insurance solutions and exceptional service through our bancassurance partnerships,” said Sithumina Jayasundara, CEO of HNB General Insurance. “This recognition reaffirms our position as a trusted insurance provider in Sri Lanka and motivates us to continue striving for excellence in serving our customers and communities.”
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