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Three properties chosen for investment projects

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COLOMBO (News1st): Three real estate properties have been chosen for investment projects under the entity named Selendiva Investments that was set-up recently.One property chosen for an investment project under Selendiva Investments is the Waters Edge Hotel located on a five acre land in Battaramulla.The land currently belongs to the Urban Development Authority.225 acres of land including this area had been vested with the Urban Development Authority based on a Supreme Court order issued on the 8th of October in 2008.The land which belonged to a private owner had been acquired by the government under the presidency of Chandrika Bandaranaike Kumaratunga for infrastructure development.A petition had then been filed with the Supreme Court.

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