COLOMBO: Home Lands Port City Colombo investment has reached another milestone with the acquisition of a second land parcel in the prestigious Central Park District, further reinforcing the developer’s long-term commitment to Sri Lanka’s flagship urban development project.
Home Lands strengthens its investment in Port City Colombo by acquiring a second three-acre land parcel in the Central Park District
The newly acquired land parcel spans more than three acres and is located adjacent to the site previously secured for the company’s flagship twin-tower residential development, Central Park Boulevard Port City Colombo. The latest acquisition significantly expands Home Lands Group’s footprint within the landmark mixed-use city.
The official signing ceremony for the acquisition was held at Port City Colombo and attended by senior representatives from both Home Lands Group and China Harbour Engineering Company Ltd. (CHEC), the master developer of the project.
Among those present were CHEC Chairman Bai Yinzhan, South Asia and South East Asia Managing Director Wang Gang, CHEC Port City Colombo Managing Director Xiong Hongfeng, and Home Lands Group Chairman and Managing Director Nalin Herath.
The latest investment reflects Home Lands’ continued confidence in the long-term potential of Port City Colombo while demonstrating the company’s financial strength and strategic growth ambitions.
According to the company, the acquisition was completed entirely as a single-developer investment without external partners, highlighting Home Lands’ financial capacity and commitment to independently delivering large-scale real estate developments.
The purchase follows the company’s acquisition of its first land parcel in the Central Park District just three months ago for the recently launched Central Park Boulevard Port City Colombo project, underscoring its sustained investment strategy within Sri Lanka’s emerging international financial and residential hub.
The Central Park District is designed around approximately 40 acres of landscaped green space featuring scenic waterways, public recreational areas, and modern high-rise developments. The district aims to offer residents a unique urban lifestyle that combines luxury living with extensive green surroundings and panoramic views of the Indian Ocean.
Commenting on the latest acquisition, Home Lands Group Chairman and Managing Director Nalin Herath said the investment reflects the company’s confidence in both Port City Colombo and Sri Lanka’s long-term economic prospects.
“Home Lands is proud to make another strategic investment within Port City Colombo, reaffirming our confidence not only in this landmark development but also in Sri Lanka’s future. Every investment we make is ultimately an investment in the growth, progress, and potential of our nation,” he said.
As Port City Colombo continues to develop into one of South Asia’s largest integrated urban projects, Home Lands said the latest acquisition further strengthens its position as one of Sri Lanka’s leading real estate developers with ambitions to compete on the international stage.
Backed by a strong financial foundation and an expanding portfolio of residential and mixed-use developments, the company said it remains focused on delivering projects that meet international standards of innovation, quality, and sustainability.
Envisioned as a next-generation master-planned city, Port City Colombo is being developed to attract international investors, multinational businesses, and world-class developments through modern infrastructure, sustainable urban planning, advanced connectivity, and a globally competitive business environment.
The project is widely regarded as a key component of Sri Lanka’s long-term economic development strategy, with the potential to enhance foreign investment, generate employment, and strengthen the country’s position as a regional business and financial hub.