Business News

Estate Lake facilitates Colombo’s largest property deal valued at Rs. 4.5 b

Published

3 months ago

August 25, 2025

Estate Lake Real Estate yesterday said it facilitated a historic transaction valued at Rs. 4.5 billion for Home Lands Holding, marking the largest recorded real estate deal in Colombo’s history.

The transaction paves the way for a 40-story twin tower project that is set to become a landmark on the city’s skyline. This milestone underscores Estate Lake’s unmatched ability to connect high-value opportunities with strategic investors. Known for its professionalism, market insight, and client-centric approach, the company has consistently delivered results that redefine industry benchmarks.

“This achievement is a testament not only to the reach of our network but also to the confidence our clients place in our integrity, professionalism, and commitment to excellence,” said Estate Lake Real Estate Managing Director Malik Zaveer, adding, “We take pride in contributing to the growth in the industry while maintaining the highest standards of service in every transaction.”

With a portfolio covering premium residential, commercial, and investment properties, Estate Lake Real Estate has earned a reputation for delivering tailor-made solutions that align with the unique aspirations of each client. Their approach blends deep market research, innovative negotiation strategies, and a dedication to long-term client relationships.

In a market that is increasingly competitive and complex, Estate Lake’s success can be attributed to its ability to provide a seamless, transparent, and highly personalised experience.

From the initial consultation to final transaction closure, the company ensures that clients feel confident and supported at every stage. The recent transaction serves as another example of Estate Lake’s role as a trusted partner in the nation’s property sector.

As Sri Lanka continues to attract both local and international investors, the company remains committed to fostering sustainable development and delivering exceptional value to all stakeholders.

Business News

Commonwealth Enterprise and Investment Council expresses solidarity with Sri Lanka

Published

4 days ago

December 2, 2025

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The Commonwealth Enterprise and Investment Council (CWEIC) has conveyed its condolences to Sri Lanka over the loss of life and extensive damage caused by Cyclone Ditwah, urging all Commonwealth nations to support the country’s recovery as the scale of devastation continues to unfold.

In a statement signed by CWEIC Chairman Lord Marland and Deputy Chairman Lord Swire, the council said: On behalf of the Commonwealth Enterprise and Investment Council, we extend our sincere condolences to the President and people of Sri Lanka for the tragic loss of life and the widespread destruction caused by Cyclone Ditwah.

With the death toll now exceeding 300, hundreds more people missing, and thousands left without homes or livelihoods, the impact on your nation is devastating, and affecting all parts of the country.

As Commonwealth friends, we acknowledge the suffering that Sri Lanka has already endured through natural disasters; floods, droughts, landslides, and the 2004 tsunami.

Sri Lanka has survived through the extraordinary efforts of countless volunteers and ordinary people. Once again, we see this remarkable resilience and cooperation from Sri Lankans who are working to restore order, basic services, and supplies where possible.

We appeal to all Commonwealth countries to support the recovery efforts, and we will keep Sri Lanka in our thoughts and prayers at this difficult time. CWEIC has a significant presence in Sri Lanka, and our Strategic Partners stand ready to assist in any way we can during this difficult time. We will continue to support international efforts and appeal to Commonwealth nations to contribute to Sri Lanka’s recovery.

Business News

DFCC to buy retail business of Standard Chartered Bank Sri Lanka for Rs3.7bn

Published

3 weeks ago

November 14, 2025

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DFCC Bank said it has reached a deal to buy the retail and wealth management business of Standard Chartered Bank in Sri Lanka for 3.7 billion rupees.

The transaction is expected to be concluded in early 2026, subject to regulatory approvals, DFCC Bank said in a stock exchange filing.

“The proposed acquisition forms part of DFCC Bank’s strategic growth agenda to strenghten its retail and wealth management franchise, build scale and create sustainable value for customers, employees and shareholders alike,” the filing said.

The transaction will be funded by internal funds.

Business News

Historic Partnership: Bybit Joins Hands with Master Trading Academy to Strengthen Crypto Education in Sri Lanka

Published

3 weeks ago

November 13, 2025

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Master Trading Academy (MTA), one of Sri Lanka’s leading and most trusted professional trading education institutions, has announced a strategic partnership with Bybit, the world’s second-largest and fastest-growing cryptocurrency exchange. This groundbreaking collaboration marks the first time a global crypto exchange has partnered with a Sri Lankan crypto education academy, creating a major milestone in the country’s digital finance landscape.

Through this partnership, MTA and Bybit are launching a comprehensive Crypto Education Program designed to equip aspiring traders, investors, and blockchain enthusiasts with the knowledge and practical skills required to engage confidently in the global crypto market. The course, valued at LKR 36,000, will be offered completely free of charge to 120 selected participants, who will be trained in three batches of 40 students.

Registrations are now open.