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| Dr. Hiran Hettiarachchi (MBBS-Colombo, MBA-Australia), Group Chairman, Blue Mountain Group of Companies and Richard Soon, Director, P&T Group Singapore |
Leading
real estate giant, Blue Mountain, has entered into a strategic partnership with
the Singapore-based P&T Group, in a bid to pioneer landmark real estate
projects in the country. The P&T Group is recognized as one of the largest
international architectural and engineering practices in the world and the high
profile joint venture agreement will provide Blue Mountain with the opportunity
to consult P&T on all of its high-end projects, in order to offer greater
value and an enhanced experience to its clients. The newly-formed joint venture
partners have also forged an advisory alliance, whereby clients can avail of
the combined expertise of the two real estate giants on the development of apartment
projects.
Dr.
Hiran Hettiarachchi (MBBS-Colombo, MBA-Australia), Group Chairman, Blue
Mountain Group of Companies, stated, “This momentous
coming together of two titans in the real estate industries of Sri Lanka and
Singapore, signals the formation of a robust alliance that blends pan Asian
expertise with strong domain knowledge. The local real estate sector is poised
for growth and many upscale residential and commercial real estate projects are
underway. Our tie-up with the P&T Group will add value to our existing
dynamic portfolio of real estate services and will enable us to offer a
combined fountainhead of expertise in the sector. Together with the P&T
Group, we can leverage our joint synergies to create a revolution in the local
real estate sector, thereby enhancing the value of our projects and delivering
stylish living spaces that are truly inspiring. We are proud to have the
P&T Group as a partner in our journey towards contributing to Sri Lanka’s
infrastructural and economic development.”
Richard
Soon, Director, P&T Group, said,
“We believe that this joint venture with Blue Mountain will forge a new chapter
in Sri Lanka’s real estate industry, which holds much potential that still
needs to be unlocked. P&T brings tremendous value to this joint
venture, counting a presence in Singapore, Hong Kong, China, Thailand, the
Middle East and other countries. Our decision to partner Blue Mountain
was made after witnessing the company’s commitment to achieving international
standards and its unique design concepts, which are on par with top global
giants. We believe that a joint venture of this nature in Sri Lanka will help
Blue Mountain to grow and develop into a regional leader.
Blue
Mountain recently won a 5-Star award at the Asia Pacific Property Awards and
distinguished itself as the first Sri Lankan company to be recognized among the
best global real estate companies in the world. Since its inception, Blue
Mountain (Pvt) Ltd has revolutionized the local real estate market with its
professional ethos as well as its expertise in conceiving and executing a
profusion of urban real estate projects ranging from luxury residential
complexes to commercial properties. The company has deeply-rooted community
values and is focused on delivering innovative design, exclusive standards of
construction and superior standards of customer service.
About
Blue Mountain
Blue
Mountain is a full service real estate company in Sri Lanka which has
diversified operations that extend across the areas of land sales, apartment
developments and construction. The company is one of the most trusted and
reliable real estate companies in the country, with a total asset value of Rs.
14 billion and an employee force of over 2100 people. The company also uses high-tech information systems and has set the benchmark in
the industry by being the first ERP based real estate company in the
country. Blue Mountain also recently introduced its IT squad which was
developed under the leadership of internationally recognized Pakistani
consultants, who facilitated the use of an IFS system which is valued at Rs.
100 million. Blue Mountain has an
extensive local network of offices and has also expanded its network to
international markets such as India and Australia.
About
P&T Group
P&T
Group is one of the largest Architectural and Engineering practices in Asia.
The global real estate giant counts 145 years of unparalleled design experience
in the world’s emerging and developed countries such as Hong Kong, China,
Thailand, UAE, Vietnam and other countries. The company offers full
architectural services, civil & structural engineering services, mechanical
& electrical engineering services and master planning services throughout
the whole of Asia and the Middle East.
Tags
Sri Lanka Business