On'ally Holdings PLC
CCSELK:ONAL.N000041.20
LKR
-0.80
(-1.90%)
On'ally Holdings PLC
CSELK:ONAL.N0000
(Colombo Stock Exchange)
Recent
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41.20
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div
yld
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ROIC.AI
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- Business
- On'ally Holdings PLC is a Sri Lanka-based property development and real estate management company primarily engaged in the investment, development, leasing, and management of prime commercial and retail real estate properties. Founded in 1982 and headquartered in Colombo, Sri Lanka, the company operates as a subsidiary of Lanka Realty Investments PLC. On'ally Holdings PLC owns and manages Unity Plaza, a prominent multi-story commercial complex situated in Bambalapitiya, Colombo, recognized as Sri Lanka's premier information technology, electronics, and computer accessories shopping mall alongside multi-tenant corporate office space. The company's core operations and services encompass the leasing of specialized retail spaces tailored for computer hardware, consumer electronics, telecommunications devices, and software retailers; the rental and administration of commercial office accommodations for corporate enterprises, financial services firms, and professional practices; comprehensive property and facility management services, including 24-hour security surveillance, janitorial care, and routine structural maintenance; building utility management covering central air-conditioning, standby power generation, fire detection and suppression systems, and vertical transportation systems including modern passenger elevators and escalators; and the provision and management of on-site multi-level vehicular parking facilities for commercial tenants and retail visitors. In recent operational and corporate developments, On'ally Holdings PLC has undergone strategic realignment following the acquisition of a controlling majority stake by Lanka Realty Investments PLC. Under this ownership structure, the company has executed extensive modernization and capital refurbishment programs across the Unity Plaza property, focusing on architectural facade enhancements, mechanical, electrical, and plumbing (MEP) infrastructure overhauls, elevator modernizations, and upgraded life-safety systems, while strategically realigning its retail tenant portfolio to meet contemporary commercial real estate standards in the Colombo metropolitan region.