📈 LRI Unlocks Rs. 2.26 Bn via Strategic Unity Plaza Stake Transfer

• Overall Transaction: Lanka Realty Investments PLC (LRI) transferred its 50.88% controlling stake in On'ally Holdings PLC—owner of Unity Plaza—to subsidiary Lee Hedges PLC for ~Rs. 2.26 Bn. Including past dividends of Rs. 525.31 Mn, total cash realized reached ~Rs. 2.79 Bn, delivering an estimated separate-company gain of ~Rs. 834.09 Mn before tax and adjustments. • Commercial Real Estate: Unity Plaza underwent an asset turnaround, with over Rs. 400 Mn invested in upgrades. • Revenue: Rose from Rs. 181.70 Mn to Rs. 413.85 Mn. • Occupancy: Improved from 86.90% to 96.37%. • Rentals: Retail rates surged 190.7% YoY/period to Rs. 966.73/sq. ft., while office rates jumped 136.5% to Rs. 289.12/sq. ft. • Strategic Impact: Positioned Lee Hedges PLC as the Group’s flagship commercial property platform. It provides LRI with ~Rs. 2.26 Bn in unlocked capital to improve liquidity, cut finance costs, and pursue new investments while retaining indirect exposure to the iconic asset.