An Omani Government investment arm has shown initial interest in the property on which the Air Force Headquarters is situated in Colombo 2 and the Urban Development Authority-owned Chalmer’s Granary land in Colombo Fort, official sources said, The Sunday Times reported.
“The party has signed a non-binding agreement with the UDA, committing to send a team to do due diligence for the mixed development projects it envisages building on the properties. The contract expires in two weeks.
The UDA has opened out many of its lands for leases–30 to 99 years–to investors and is actively seeking investments. Qatari parties have shown some interest in areas flanking the Beira Lake on D.R. Wijewardena Mawatha, the officials said.” The Sunday Times report said.