Trillium Property Management expected to announce IPO in 2017

Trillium Property Management expected to announce IPO in 2017

December 25, 2016,

A new chapter is etched for Trillium Property Management & Services with the recent unveiling of its state of the art ultra modern head office complex--Trillium Tower at Somadevi Place, Colombo 5—and on this occasion Trillium chairman Janaka Ratnayake announced that the Company would issue an IPO next year.

The six floors embracing an architecturally avant garde design, with its 50,000 square feet, houses not only the continually expanding Trillium team, but also a ‘show apartment’ to enable customers visualize the true concept of Trillium luxury and a highly advanced technologically enabled telecommunication platform. Trillium Tower truly showcases the Company’s impressive USPs; the ability to ensure remarkable rates of return by having the knack to hone in properties with potential, having uncompromising quality standards from the A to Z in construction and in possessing an eye for imbuing emerging trends and paradigms in architecture, design and concept.

Chairman of TPM&S Janaka Ratnayake articulated that the Trillium Headquarters, located just 100 meters from one of the primary trunk roads of Baseline Road, is a complex that was becoming an imperative for Trillium’s expanding presence in the real estate development landscape of Sri Lanka. "We strongly believe that in this environment of fast paced change in Sri Lanka, especially when the country is seeking FDIs and strong investment opportunities, well developed real estate is a great barometer to induce such investment into the country. Trillium’s stature in real estate is now well proven given that Trillium Property Management & Services has been valued by PriceWaterhouseCoopers to be worth approximately Rs 1.7 Bn." Trillium’s diversification strategy is being augmented with Trillium Kahathuduwa, its entry into the leisure and hospitality industry. Designed as an eco-luxury agro resort with its fifty luxury chalets on a ten acre property, it’s inspired by the water bungalows of the Maldives and the rice field villas in Bali. The two acres just acquired in close proximity to the Maharagama town will be the site for Trillium Maharagama, another leisure property with thirty rooms based in five star luxury. 50 perch Trillium Havelock in Havelock Town will house a 12 storey apartment complex encompassing 36 luxury apartment, scheduled for completion in early 2018