Property Development

Akbar Brothers owns, develops and manages a portfolio of high-value properties in and around Colombo. Some house the various business premises of the group. Others have been commercially developed. A.B. Development, a wholly owned subsidiary, owns and operates the group’s three warehouse complexes at Wattala, Welisara, Mabole and Kelaniya, amounting to a total of 875,000sq.ft of commercial office and warehousing space. In addition, A.B. Development also owns 1 acre of undeveloped land at Nawam Mawatha, a prime location in the city of Colombo, as well as 90 perches on Marine Drive Colombo 4, a commercial and residential area south of the business district.

The group’s latest property venture is Flinth Commercial Park, a high-tech manufacturing zone on a 10-acre site at Kadawatha, a few kilometres east of Colombo. Flinth Park is a full-service facility, and companies setting up here can avail themselves of a wide range of on-demand support services, including accountancy, HR management, public relations, technology support, goods sourcing and clearing (including export and import documentation), administrative support and legal advice.

The ten-acre park, designed to the highest international standards, will offer a total facility floor area of 200,000 sq.ft. Its eco-friendly design utilizes solar energy for water heating, outdoor lighting and signage, and uses rain harvesting to reduce the use of main water supplies. Tenants already signed include a manufacturer of components for Airbus, Boeing and Bombardier.