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Browns becomes world’s biggest tea exporter in deal with LIPTON

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Sri Lanka’s Browns Investments said it had reached an agreement to buy Lipton tea companies in Kenya, Tanzania and Rwanda from their UK and Netherlands based parents.

The purchase will be made through UAE-based, B Commodities ME FZE, a unit of Browns Investments.

It had entered into a sales and purchase agreement (SPA) with Ekaterra Holdco UK Limited, and Netherlands based Ekaterra Group Holdings BV and Ekaterra Group Holdings 2 BV, to buy control of the Africa firms, Browns said in a stock exchange filing.

Browns Investments will buy 100 percent of Rwanda-based Lipton Teas and Infusions Rwanda Limited and 100 percent of Tanzania-based Lipton Teas and Infusions Tanzania Limited.

It will buy 98.56 percent of kenya-based Lipton Teas and Infusions Kenya Plc, and 51.99 percent of Limura Tea Plc.

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Prime Group’s Bhoomi Realty breaks ground on OAZI in the heart of Kaduwela pre-selling over 100 units highlighting strong market confidence

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OAZI, the flagship residential development by Bhoomi Realty Holdings, a member of the Prime Group, officially commenced construction with a groundbreaking ceremony held in Kaduwela recently.  The event celebrated an important milestone for one of Sri Lanka’s most anticipated apartment projects. 

Positioned as Kaduwela’s highest, safest, and largest apartment development, OAZI is poised to redefine modern residential living and establish a new benchmark for luxury, security, and lifestyle in the region. 

Bringing together premium design, an unmatched rooftop experience, strategic connectivity, and the strength of Prime Group’s development expertise, it ushers in a new era of a truly distinctive residential lifestyle.

Demonstrating outstanding market confidence, OAZI achieved a major overwhelming pre-sales response with over 100 apartment units sold. Early buyer enthusiasm demonstrates strong investor interest and market’s confidence in Prime Group’s proven track record of creating signature residential communities throughout Sri Lanka.

Strategically located at one of the highest and most prominent residential elevations in Kaduwela, OAZI offers residents commanding views, a serene living environment, and exceptional connectivity to Colombo, the Outer Circular Expressway, and key commercial and lifestyle destinations. 

The development is uniquely situated on the New Bypass Road in the heart of Kaduwela, a strategic infrastructure initiative developed by Bhoomi Realty Holdings, which is expected to become an important addition to Sri Lanka’s road network connecting the Low Level Road with the new Kandy Road. 

The project will significantly enhance accessibility and regional connectivity. OAZI has been carefully designed to capitalise on its unique elevated setting, delivering a modern urban lifestyle experience.

The development comprises a total of 351 contemporary apartment units designed to deliver a sophisticated residential experience. A defining feature of OAZI is its iconic rooftop lifestyle destination, set to become Sri Lanka’s largest rooftop experience. Featuring more than 20 premium lifestyle amenities, the rooftop will be anchored by a spectacular 150-foot infinity swimming pool offering panoramic views of the surrounding landscape. Residents will also enjoy dedicated wellness, fitness, leisure, entertainment, and social spaces, creating an elevated lifestyle unlike any other residential development in the country. 

In addition to its premium lifestyle offering, OAZI presents one of the most compelling value propositions currently available in the Sri Lankan apartment market as the project offers an exceptional opportunity for homeowners and investors seeking modern urban living at an attractive price. 

Complementing this value proposition are several attractive payment options designed to provide buyers with greater financial flexibility and ease of ownership. For investors, the project also promises a massive return, positioning OAZI as both a lifestyle choice and a high‑yield investment opportunity

Combining spacious layouts, premium amenities, strategic connectivity, and affordable payment options, OAZI stands out as one of the most accessible and attractive apartment investments within easy reach of Colombo.

The success of OAZI is driven by the vision, expertise, and trusted reputation of Prime Group, Sri Lanka’s leading real estate developer. Through Bhoomi Realty Holdings, Prime Group continues to deliver transformative developments combining strategic locations, thoughtfully crafted design, and long-term investment value. 

For more information, contact 0701 34 77 77 – www.bhoomirealty.lk

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Yevan David set for historic Monaco FIA Formula 3 debut

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Young Sri Lankan driver Yevan David is set to make his Monaco debut this weekend as the FIA Formula 3 Championship resumes after its opening round in Melbourne.

Driving for AIX Racing, the 18-year-old enters the iconic street race after testing at the Red Bull Ring, simulator preparation, and time spent balancing his racing programme with A-Level examinations.

David, the first Sri Lankan to compete in FIA Formula 3, said Monaco is one of motorsport’s biggest challenges due to its narrow layout, limited overtaking opportunities and high track evolution.

“Confidence and precision are just as important as outright speed,” David said, adding that he had focused heavily on simulator work ahead of the weekend.

The Monaco round runs from June 4 to 7, with the Sprint Race on Saturday and Feature Race on Sunday, according to the FIA Formula 3 calendar.

David will also race with a special helmet tribute to Ayrton Senna, whose Monaco performances remain among the most famous in Formula 1 history.

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A New Global Marina Front Address for Sri Lanka Presented by Prime & Melwa

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Prime and Melwa have unveiled the Prime Marina Sales Suite at Port City Colombo, a first of its kind in the region and a new benchmark for how a landmark real estate address is presented to the world. it has designed for globally minded, internationally travelled, and long past the language of conventional real estate. Every space within it is intentional, every detail deliberates crafted to ensure that the moment a customer steps in, they understand, without a word of explanation, exactly what this address represents and why it stands apart. The grandeur of the Suite set the tone unlike anything Sri Lanka’s real estate has witnessed before. Distinguished guests, business leaders, and investors from across the island and beyond gathered to witness a presentation commanding in its scale, immaculate in its execution, and resolute in its singular ambition.

“The Prime Marina Sales Suite was conceived knowing that everyone who walks in will have seen the best of what international Real Estate have to offer. Our benchmark was not Sri Lanka. Our benchmark is the world.”

Sandamini Perera, Co-Chairperson, Prime Group

A highlight of the day was the compelling presentation delivered by Mr. Sanmith Tharunya, Director of Prime Group, who took guests beyond the architecture and amenities to reveal the extraordinary vision behind Prime Marina. Through a presentation that was both inspiring and thought-provoking, he invited the audience to see beyond a conventional real estate development and appreciate the emergence of a truly global waterfront destination.

At this Suite, stands Prime Marina: an address of genuine global standing, unveiled to the world with the weight it deserves. Positioned at the very heart of Port City Colombo, on the Marina precinct, Prime Marina occupies the precise point where the iconic waterfront bridge, the Indian Ocean, and the Marina itself converge, a location that announces itself before a word is spoken, and that no other available plot in this city can claim. Rising from that singular position are landmark towers featuring 1, 2, 3, and 4-bedroom apartments and exclusive penthouses, architecturally authored by P&T Singapore, a firm whose work defines the standard across the most rigorous real estate markets in world.

Furthermore, the iconic development engaging one of Singapore’s top tier interior design companies, Index Design Pte Ltd, globally acclaimed architectural firm, to curate an exceptional interior environment that reflects the highest benchmarks of international design, craftsmanship, and luxury living.

In addition, the landscape architecture is being entrusted to Grant Associates of the UK, an internationally acclaimed landscape architecture practice renowned for creating some of the world’s most iconic and sustainable environments. Their involvement further reinforces our commitment to delivering a development that meets the highest global standards in design and aesthetics

The building commands unobstructed water on two sides: the living energy of a world class marina on one, the quiet stillness of a natural creek on the other. Prime Marina’s buyers are not simply acquiring a residence. They are claiming a rare stake in the future of a world class city destined to redefine Region’s waterfront real estate landscape.

It is the combined strength of Prime and Melwa two strong conglomerate that have shaped Sri Lanka’s economy and real estate landscape across decades, which has made a project of this scale and distinction possible

As Port City Colombo takes its place on the world stage, Prime Marina stands at its very forefront, setting a new benchmark for marina-front living in South Asia and establishing a legacy that will endure for generations to come.

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