### Prime Group’s $ 52.5M "YOLO" Project Secures BOI Approval 📈

The Board of Investment (BOI) has signed a US$ 52.5 million investment agreement with Prime Group for its landmark residential development, "YOLO," located in Kiribathgoda. The project is recognized for its potential to drive urban economic development and attract foreign investment. • Project Overview & Scale: Spanning 13 acres in a flood-free zone, the development consists of 46 buildings housing 476 apartments. It features a modern architectural design aimed at elevated urban living. • Connectivity & Infrastructure: Strategically located 5 minutes from the Kadawatha Highway Entrance, providing rapid access to Colombo (<30 mins) and major cities like Kandy and Galle (1.5–2 hours). • Economic Impact: The project is expected to stimulate the construction and real estate sectors by generating significant direct and indirect employment in property management and maintenance. • Investment Details: • Total Investment: US$ 52.5 Million. • Entry Price: Units start from Rs. 35 Million. • Terms: 1% monthly interest-free payment plan. • Facilities: Over 100,000 sq. ft. of shared amenities including a bowling alley, cinema, co-working spaces, and a mini-supermarket. • Status: Construction is progressing on schedule. The project targets both local and international investors, with the company projecting high capital appreciation and rental potential.