New collective of international buyers infuse investment into Sri Lanka’s real estate industry Construction continued to timeframe despite innumerable challenges in the country
Southbeach Weligama, Sri Lanka’s most exciting new freehold address on the southern coast has just completed its superstructure, readying for scheduled completion in 2024. Despite Sri Lanka undergoing considerable challenges since construction began, the project remained well on its timeframe at every milestone point of construction including the completion of the superstructure.
Southbeach Weligama entered the into the real estate market when investor confidence in the country was at very low levels. “We’ve always believed in a bright future for Sri Lanka and continue to do so because the country is one of the most beautiful in the world and has so much to offer. And it’s nice to see this reflected by the demand from all over the world,” says Director Balmond Studio & Managing Director of Southbeach Weligama John Balmond. “We pushed forward against all odds because of this. With the project being on time, our investors bought into our confidence and we thank them for their belief in the project and Sri Lanka.”
Designed by Balmond Studio, Southbeach Weligama adds to Balmond Studio’s impressive collective of globally acclaimed architectural projects including the Bejing CCTV Tower, the London Olympic 2012 Orbit and the Los Angeles Freedom Sculpture. Cecil Balmond OBE, internationally acclaimed design trailblazer and the world’s leading thinker on form and structure leads Balmond Studio. He is the lead architect for the John Keells Cinnamon Life project in Colombo, while his son John, leads the Southbeach Weligama project.
