99% of the space has already been leased out

Stands out as a property with a good tenant mix

by Sanath Nanayakkare

The highly anticipated Havelock City Mall built at a cost of US$ 130 million, spanning over 200,000 square feet was officially opened for business yesterday.This international standard shopping mall promises to deliver an unparalleled shopping and entertainment experience, creating an ideal destination for the local community right in the heart of Colombo.

Pravir Samarasinghe, Group CEO/Director of Overseas Realty (Ceylon) PLC speaking to The Island Financial Review said that Overseas Realty was very excited to have opened the Havelock City Mall for business after five years since its groundbreaking ceremony.

“The project got delayed a lot because of the pandemic, the lockdowns and the economic crisis. Eventually things have begun to work out as planned. We are not only hopeful but also are confident in the same vein about the promising success of this project. There are several reasons for that. Number one is; 99% of the space has already been leased out.

We are extremely happy about that. Number two is; those who have taken up the space are great tenants. Number three is; the mall is creating an ideal destination for tourists and the local community right in the heart of Colombo. Another key factor is the mall is located in a place which is a vast catchment area of consumers. It offers accessibility to residents in Colombo 3, 4, 5, and 6, as well as those in Dehiwela, Mount Lavinia, Nugegoda, Maharagama, Kottawa, Homagama, Kirulapone, Narahenpita, Rajagiriya, Nawala, Kotte, and beyond. This makes us very optimistic about the endless positive opportunities. We have invested US$ 130 million in the project,” he said.

“We have a good mix of international and local brands at the Havelock City Mall making it a retail paradise. It houses six premier anchor tenants that include ODEL, Cargills Food Hall, Scope Cinemas, Food Studio, Cool Planet, and Abans. Moreover, there are 132 other retail outlets, offering an unparalleled selection of fashion and accessories, entertainment options, tantalizing food and beverages, convenient services, electronics, homeware, and gifts and novelties,” he said.

For food enthusiasts, the options at Havelock City Mall are nothing short of a culinary odyssey. Havelock City Mall will also unveil its astonishing entertainment line-up.

Opening early next year is the Havelock City Mall’s 1,000-seat, six-screen multiplex, along with the first and only premium, large format IMAX cinema in Sri Lanka.

“We are delighted to welcome everyone to the Havelock City Mall. We look forward to providing a diverse and exciting retail environment, entertainment options and dining experiences for all our shoppers. Havelock City Mall is poised to become the ultimate modern lifestyle suburban mall, catering to the entire family – a happy place for all.” Pravir said.

Havelock City Mall is developed by Overseas Realty (Ceylon) PLC; the owner, manager, and developer of the iconic World Trade Center, Colombo.