Capitol Twinpeaks apartment project set for completion
Capitol Twinpeaks, the flagship, 50-storey, twin tower, mixed development venture of the Sanken group, returned to construction on May 18, 2020 and is now proceeding at full force.
Having achieved major construction milestones of the development, prior to the lockdown, the project is currently proceeding with a complete workforce, at maximum efficiency to deliver the fully-completed condominium project to its investors and residents, at the earliest possible date amidst the myriad of challenges posed by the global pandemic.
With both contractor (Sanken Construction) and developer (Capitol Developers) being members of Sri Lanka’s premier construction giant Sanken group and Singapore’s P&T as its architectural design partner, Capitol Twinpeaks is set to stand as a landmark amidst landmarks. This latest venture of the Sanken group embodies the harmony of real estate excellence achieved by the group.
Working in tandem with the international architectural firm, Capitol Twinpeaks is a product of construction and design research and expertise of the Sanken group and is aimed at providing higher rental yields and capital gains for investors, through an optimal product mix and unit price.
Capitol Twinpeaks Managing Director Rohana Wannigama commented, “The Sanken name is synonymous with timely delivery and high-quality construction that rivals international projects. We aim to ensure standards are met whilst being mindful of the timing and how it affects return on investment, given the unprecedented work environment we are faced with. We aim to expedite the remaining construction work in order to meet this need.”
The project, which is situated in Colombo 2, which is already becoming an elite neighbourhood, is expected to provide the highest capital gains. Overlooking the coveted Beira Lakefront, the project is particularly popular with Sri Lankan expatriates, foreign nationals and young entrants to the investment landscape.
Concluding, Wannigama noted, “We are working to ensure an efficient and smooth flow of work to meet our customers’ expectations despite the delays to obtain imported materials, due to the global lockdown still in effect. However, the Sanken group is committed to financing the project, together with the banks in order to complete the project honouring our commitment.”