Prime Lands & Melwa Sign SPA for Mixed-Use Port City Project š
⢠Key Highlights: ⢠Sri Lankan developers Prime Lands and Melwa signed a Sales and Purchase Agreement (SPA) for a new mixed-use development in Port City Colombo's Financial District. ⢠The project will advance Port City Colombo's master plan, integrating commercial, residential, and modern urban living facilities. ⢠Strategic Impact: ⢠The partnership underscores strong domestic developer confidence in the long-term economic potential of the dollar-denominated Special Economic Zone. ⢠Represents a major shift from planning to active implementation, boosting Sri Lanka's positioning as an attractive regional real estate and business investment destination. _(Financial figures and project timelines were not disclosed in the official announcement.)_