Port City Colombo - Building a world-class city for South Asia
Port City Colombo is an extension to the commercial heart of Colombo – the Central Business District, spanning 269 hectares (ha) of land reclaimed from the sea. By building a world-class city; augmenting Colombo’s proposition as one of the best places to live, Port City Colombo aims to attract talent and investment to ensure a sustainable economic future by accelerating internationalisation.
The multi-service Special Economic Zone status conferred by the recently enacted Colombo Port City Economic Commission Act positions Colombo as the ideal platform to leverage Sri Lanka’s geographical location connecting the East and West.
The reclaimed land of 269 ha is divided into 74 parcels of developable land, totalling 179 ha and 91 ha (equivalent to a third of the reclaimed land area) that is allocated towards public spaces such as a 2 km beach, 27 ha of parks, roads and streets. Once fully developed, the city would boast 6.3 million sqm of gross floor area that is predominantly allocated towards residential (47%), office (18%), retail (13%), and hospitality (6%) uses.
Port City’s vision is to “Build a world-class city for South Asia” by adopting future-ready smart city concepts and providing amenities paralleled to those in modern cities such as Singapore or Dubai; integrated seamlessly with stunning views of the Indian Ocean and lush greenery. By developing this as a master-planned township, Port City is able to complement Colombo and have an edge over other cities in the South Asian region as its premiere residential, leisure, and business destination.
The Port City Marina: a luxury lifestyle destination
The Marina District looking out to the 5.8 ha marina basin, just adjacent to Galle Face, is a leisure destination organized in a “village” structure with small intimate internal streets. The quay is a place for an evening stroll and offers breath-taking vistas of leisure boats in the marina; a view that is just perfect as you shop, dine and entertain.
The Port City Marina hopes to attract the luxury and superyachts as well as attract international regattas and luxury boat shows. This facility would no doubt be a key attraction for Ultra High Net Worth Individuals to stop over as they sail between destinations such as Dubai to Singapore, Malaysia, and Thailand.
The 15 ha allocated for this precinct comprises prime real estate for hospitality, retail, and entertainment features as well as luxury residences and amenities such as a yacht club. The marina has the capacity to berth approximately 200-220 luxury yachts.
The Financial District
This precinct, spanning 40 ha, would be the urban heart and main retail destination where business and pleasure come together in a world-class commercial district. As home to global businesses and a diverse base of employees, this district is envisioned to become a vibrant business centre with landmark Grade 'A' Office Buildings extending as high as 350 m (similar to Lotus Tower).
Pedestrian malls developed along the main boulevard would add vibrancy whilst the lush and green continue as the central spine of activities throughout the city, connecting the different districts.
Central Park Living: the quintessential green lung of Port City
Enjoy nature in the heart of the city. Cycle, run stroll and picnic in a lush oasis. We envisage this precinct to be of medium density with an eclectic mix of residential and commercial properties. The best feature within this precinct would be the “Central Park” lush green tropical park with an extent of 14 ha which is 3 times the size of Galle Face Green. The project company has already planted over 1,000 trees paying special attention to protecting flora that is endemic to Sri Lanka. An internal saltwater channel that meanders through land divides the central park precinct into two.
International Island: where the world will meet at Port City
This precinct of 85 ha would house the most socially important strategic developments. An international convention centre which would cater between 3,000 to 5,000 delegates with multipurpose and flexible exhibition space, auditoriums and meeting rooms coupled with state-of-the-art facilities and modern tech will propel Sri Lanka as an attractive destination for business travellers. A plot earmarked for a business hotel is just adjacent to the convention centre, which will complement its activities.
In addition to this, an international school of global repute is envisaged to house 1,000 students with over 300 boarding students. Studies and surveys conducted by leading international property companies have proven time to time again that the key consideration for residential property purchase by Asian HNI’s is motivated by access to world-class education. We are creating an opportunity within Port City to attract these students to Sri Lanka by providing a safe and secure destination closer to home with the same quality of education. Availability of such facilities will continue to drive secondary demand for residential real estate.
International Island will also have an international health care facility with a global reputation for excellence in health care. Not only do we curb the outflow of funds from the country for medical care we would also be widening the scope in attracting medical tourism into the country.
The largest parcel of land within Port City is also a part of this precinct, spanning over 15 ha, is earmarked for the development of a world-class integrated resort and theme park which we expect to be a catalyst for the Sri Lankan tourism industry.
Island Living: where the charm of living in a lush tropical island nation is truly captured
The Island Living precinct is the largest land bank at Port City with 95 ha, consisting of beachfront luxury residential villas and resorts close to the sea, 2 km uninterrupted beach spanning 13 ha, 70 m canal and Central Park. Despite the district having a local/ quiet character, the main boulevard would offer shops, restaurants and services for the residents. Toward the North of this precinct, 10 ha of land is earmarked for the development of luxury villas – in the style of a gated community.
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