Company type | Public |
---|---|
CSE: CLND.N0000 | |
ISIN | LK0050N00001 |
Industry | Real Estate and Retail Industry |
Founded | 8 December 1981 |
Headquarters | , Sri Lanka |
Key people |
|
Revenue | LKR 339.16 million (2023) |
LKR 223 million (2023) | |
LKR 731 million (2023) | |
Total assets | LKR 13,306 billion (2023) |
Total equity | LKR 7,992 billion (2023) |
Owners |
|
Number of employees | 35 |
Subsidiaries |
|
Website | colomboland |
Footnotes /references [1] |
Colombo Land and Development Company PLC (CLDC) is a Sri Lankan Property Development and Holding company notable for its contributions to the real estate and retail sector through involvement in mixed development projects. Established on 8 December 1981, CLDC was subsequently listed on the Colombo Stock Exchange on 19 March 1986. The company is the developer and the owner of Liberty Plaza, Colombo. [2] [3]
CLDC has established itself in the real estate and retail sector in Sri Lanka. The company's principal activities encompass the development and leasing of investment properties, particularly at Liberty Plaza. Additionally, CLDC manages vehicle car parks at both Liberty Plaza and Pettah locations. [4] [3] [5]
CLDC's primary activities include the development and leasing of investment properties. Notably, Liberty Plaza serves as a flagship project, reflecting the company's ability to sustain the relevance of the mall through expansion, modernisation, and diversification of retail brands and tenants. The group currently holds 83 shops, 10 offices, and apartments at Liberty Plaza, covering over 16,400 m2 (176,000 sq ft). Additionally, CLDC owns and manages five levels of car park operations at the complex, accommodating over 250 cars and 100 motorcycles. [4]
In the heart of Colombo, Gasland Car Park stands as a crucial distribution hub for traders, covering an area of nearly 1.2 ha (3 acres) and holding the highest value among CLDC's investment properties. The People's Car Park, situated atop the People's Park shopping complex, offers 185 vehicle parking bays and 80 motorcycle bays. A recent refurbishment in 2021 equipped it with solar power panels, transforming it into a renewable energy source for the entire complex. [3] [5] [6]
CLDC's sustainable development commitment is evident through its fully-owned subsidiary, Agri Spice (Pvt) Ltd., operating a 41 ha (102 acres) plantation in Avissawella. The subsidiary cultivates Mahogany, Rubber, and Alstoniya, reflecting CLDC's dedication to environmentally friendly sectors. [3]
CLDC's leadership comprises Asoka Weerasooriya (chairman - independent non-executive director) [7] and P. S. Weerasekera (executive director/group CEO). Notably, Dilith Jayaweera, a non-executive director, stepped down in September 2023 upon entering politics. His departure extended to other directorial roles in Citrus Leisure PLC, Waskaduwa Beach Resort PLC, and Hikkaduwa Beach Resort PLC. [8] [9] [10] [6]
CLDC's flagship project, Liberty Plaza, has been a cornerstone of sustained relevance for over thirty years. Through continuous expansion, modernisation, and diversification of retail brands, the mall covers 16,400 m2 (176,000 sq ft), hosting 83 shops, 10 offices, and apartments. With five levels of managed car park operations, accommodating over 250 cars and 100 motorcycles, Liberty Plaza stands as a comprehensive retail and commercial space. [4]
In 2015, Liberty Plaza underwent a significant renovation, transforming it into a premier retail destination. A visual icon in the heart of Colombo, the dated shopping podium block received a new building skin with integrated multimedia and LED lighting.[ citation needed ]
Situated in the heart of Colombo, Gasland Car Park serves as a vital distribution hub primarily used by traders for goods transported into the city via lorries and container trucks. Covering nearly 1.2 ha (3 acres), Gasland Car Park represents one of the highest-value investment properties within CLDC's portfolio. [5]
Located atop the People's Park shopping complex, the People's Car Park underwent a refurbishment in 2021. With 185 vehicle parking bays and 80 motorcycle bays, the car park now features a newly built roof equipped with solar power panels, establishing it as a renewable energy source for the entire complex. [5]
As a testament to CLDC's commitment to sustainable development, its fully-owned subsidiary, Agri Spice (Pvt) Ltd., operates a 41 ha (102 acres) plantation in Avissawella. Cultivating Mahogany, Rubber, and Alstoniya, Agri Spice reflects CLDC's dedication to environmentally friendly sectors, contributing to the company's broader vision of responsible business practices. [5]
Transport in Sri Lanka is based on its road network, which is centred on the country's commercial capital Colombo. A rail network handles a portion of Sri Lanka's transport needs. There are navigable waterways, harbours and three international airports: in Katunayake, 35 kilometres (22 mi) north of Colombo, in Hambantota, and in Jaffna.
Eastgate Shopping Centre is a super-regional shopping centre in Bedfordview, near Bedford Gardens and the Johannesburg city centre in Gauteng. It remains one of the largest centres in the country and is the fourth largest shopping centre in Gauteng, after Mall of Africa, Sandton City and Menlyn Park. The centre lies next to the R24 airport freeway, between the Johannesburg CBD to the west and O. R. Tambo International Airport to the east.
Sri Lanka Telecom PLC, doing business as SLT-MOBITEL, is the national telecommunications services provider in Sri Lanka and one of the country's largest companies with an annual turnover in excess of Rs 40 billion. The company provides domestic and corporate services which include fixed and wireless telephony, Internet access and IT services to domestic, public and business sector customers. As of 2018 SLT-MOBITEL was Sri Lanka's second largest mobile network operator with over 7.9 million subscribers.
Odel is a public retail company, the first in Sri Lanka. Starting out as a single company focusing on the retail garment trade, Odel developed over the years to become the first department store in the country.
Cargills (Ceylon) PLC is a Sri Lankan consumer company which is listed on the Colombo Stock Exchange. It is a market leader in the Modern Retail (supermarkets), FMCG, and Restaurants industries and also has a presence in the Banking, Real Estate, and Cinema sectors. The controlling interest in the company is held by C T Holdings PLC.
Kandy City Centre is a ten-storey commercial and retail complex which is located in Kandy, Sri Lanka near the Temple of Tooth Relic. Construction of the centre was started in 1993 and opened in 2008. The complex was the vision of Thusitha Wijayasena and undertaken by his company, Property Finance and Investments Kandy (Pvt) Ltd.
Hayleys PLC, founded in 1878, is a multinational and diversified conglomerate company in Sri Lanka with business spanning over 16 sectors, catering to 70 markets worldwide. Hayleys accounts for approximately 4.2% of Sri Lanka's export income, and 3.9% of the country's tea and 4.5% of its rubber production. With over 30,000 employees, Hayley was also the first listed entity in the country to surpass annual revenue of US$1 billion in Fiscal Year 2017/18. The company operates over 16 business sectors: eco-solutions, hand protection, purification, agriculture, consumer and retail, leisure, textile manufacturing, construction materials, plantations, industrial solutions, power and energy, transportation and logistics, BPO, tea exports, projects and engineering, and investments and services. Hayleys comprises over 130 business units and subsidiaries, nine of which are publicly listed in the Colombo Stock Exchange. In addition to Sri Lanka, Hayleys today has manufacturing facilities in Indonesia and Thailand and marketing operations in Australia, India, Bangladesh, Italy, Japan, Netherlands, UK and USA and its products are sold in 80 countries.
Swire Properties Limited is a property developer, owner and operator of mixed-use, principally commercial properties in Hong Kong and Mainland China. Founded and headquartered in Hong Kong in 1972, Swire Properties is a major property developer in Hong Kong, and is listed on the Stock Exchange of Hong Kong. Including subsidiaries, it employs around 4,500 people. The company is, in turn, a subsidiary of the publicly-listed Swire Pacific Limited.
Dilith Susantha Jayaweera is a Sri Lankan Businessman, Entrepreneur, Media mogul, Lawyer and Politician. In 2011, he was named by the LMD as one of the ten ‘Business People of the Year’. In 2020, Dilith Jayaweera was among 100 corporate leaders named by the LMD on its A-list of businesspeople who continue to drive the engine of growth in Sri Lanka. He is the Chairman of George Steuart & Co., Sri Lanka's oldest mercantile establishment and Derana, one of Sri Lanka's largest media networks. He entered Politics officially in September 2023, and was appointed the leader of the Mawbima Janatha Party.
Cargills Square is a shopping mall in the city of Jaffna in northern Sri Lanka. The mall is located in the heart of the city at the junction of Hospital Street and Mahathma Gandhi Road, opposite Jaffna Hospital. Work on the Rs.500 million shopping and entertainment complex started in September 2011. The mall opened in the last quarter of 2013. The mall was designed by the Colombo based MMGS Architects.
Softlogic Holdings PLC is a diversified conglomerate in Sri Lanka engaged in ICT, healthcare, retail, financial services, automobiles and leisure.
LAUGFS Holdings Limited is a diversified conglomerate from Sri Lanka and has since expanded overseas. Laugfs Holdings is mainly engaged in Energy, retail, Industrial and manufacturing, Hospitality, Real estate, logistics, pharmaceuticals and several other sectors.
Liberty Plaza Shopping Complex also popularly known as Liberty Plaza is a Sri Lankan shopping mall which is located at Western Province, Kollupitiya, Colombo. It sells both local and international brands. It is the first shopping complex to be constructed in Sri Lanka. It was constructed in early 1980s and it is regarded as one of Sri Lanka's oldest and iconic shopping complexes. Chitra Weddikkara served as the quantity surveyor for the construction of the site in 1980s.
C T Holdings PLC, formerly known as Ceylon Theatres Limited, is an investment holding company and one of the largest conglomerates in Sri Lanka. The company was incorporated in 1928 by Chittampalam A. Gardiner and quoted on the Colombo Stock Exchange ever since. In 2019, Brand Finance ranked C T Holdings eighth amongst the most valuable conglomerates in Sri Lanka with a brand value of LKR18,981 million. C T Holdings also ranked eighth in the LMD 100, a list of leading listed companies in Sri Lanka by the business magazine, LMD. The company holds a 71% stake in Sri Lanka's largest food company, Cargills (Ceylon).
L B Finance PLC sometimes spelt LB Finance, is a Sri Lankan non-bank financial institution. The company is incorporated in 1971 and initially, the majority of shares were held by Lewis Brown & Company. The company was listed on the Colombo Stock Exchange in 1997. In 2003, Dhammika Perera acquired the company and became a subsidiary of Vallibel One. Currently, the company is one of the components of the S&P Sri Lanka 20 Index. Brand Finance ranked the company 24th in the 100 most valuable brands in Sri Lanka. The company placed 39th in the LMD 100 for the financial year 2019/20.
Citrus Leisure PLC is a hotel chain in Sri Lanka. The hospitality company owns and operates Citrus Waskaduwa, Citrus Hikkaduwa and the Steuart by Citrus. The company was incorporated as Hotel Reefcomber Limited in 1973. In 2010, the company was rebranded as Citrus Leisure when Dilith Jayaweera and Varuni Fernando of Triad Advertising bought a stake in the company. In 1984, the company was quoted on the Colombo Stock Exchange.
Jetwing Symphony PLC is a hotel chain in Sri Lanka. The company was incorporated in 2007. Following an oversubscribed Initial Public Offering in December 2017, the company started publicly trading on the Colombo Stock Exchange in January 2018. Jetwing Symphony is the holding company of the Jetwing Group's new hotels. As of 2022, Jetwing Symphony manages seven properties across the country.
Renuka Holdings PLC, also called Renuka Group, is a conglomerate company in Sri Lanka. Ceylonese businessman Alfred Thambiyah laid the foundations of the Renuka Group by acquiring the Crago Boat Dispatch Company in 1936 and establishing Renuka Hotel, named after his youngest daughter Indu Renuka in 1969. Indu Renuka Rajiyah founded Renuka Enterprises in 1975, and Renuka Holdings in 1979 marked the formal beginning of the group. Renuka Holdings went public in 2008 and following the listing on the Colombo Stock Exchange, the company pursued a growth strategy. Renuka Holdings is one of the LMD 100 companies in Sri Lanka and also one of the 20 largest conglomerates in Sri Lanka.
Kelani Tyres PLC is a tyre manufacturing company in Sri Lanka. Kelani Tyres originates in the privatisation of the government-owned Ceylon Tyre Corporation. Initially, privatisation is met with extreme employee industrial action for several months. Once the employee unrest dwindled, the company entered into an agreement with CEAT to set up a joint venture in 1993. In 1994, Kelani Tyres was listed on the Colombo Stock Exchange. In 2022, CEAT was amongst the 100 most valuable brands in Sri Lanka. The company moved to meet the total domestic demand for bus and truck tyres which would save LKR11 billion in foreign exchange through import substitution.