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RIL Property gears up for expansion

RIL Property PLC, a developer, manager and owner of Grade A office spaces in Colombo, successfully concluded its first annual general meeting (AGM) as a public limited company recently. The company, which went for an initial public offering (IPO) in May, was oversubscribed within hours of opening its issue.

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Sri Lanka’s CSE approves RIL Property’s Rs960mn IPO

Mar 10, 2017 (LBO) – RIL Property Limited (RIL), a developer, owner and operator of commercial office space in Colombo has received an in-principle approval from the Colombo Stock Exchange for a listing of its ordinary voting shares through an Initial Public Offering (IPO).

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The Chairman of RIL Property on Colombo’s office space market yielding steady returns

Q. Financial indicators in the commercial office market mirror demand and supply dynamics. How would you characterize Colombo’s Grade A office market from this perspective?

A combination of demand and supply factors affects rental value, which is a primary financial indicator of performance. Demand in commercial real estate is both user and investment driven, while the supply side considers the available office stock and construction flow...

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