Prime Lands Residencies PLC
CCSELK:PLR.N000032.90
LKR
-0.60
(-1.79%)
ISIN
LK0465N00001
Return %
Stock
S&P 500
1Y
6.13
14.20
3Y
332.89
81.12
5Y
239.18
68.34
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.Company Description
- CEO
- N. Manjula Weerakkody
- Sector
- Finance
- Industry
- Real estate development
- Address
- Colombo Sri Lanka
- IPO Date
- Jun 8, 2021
- Website
- primeresidencies.lk
- Similar Companies
- Business
- Prime Lands Residencies PLC is a Sri Lanka-based real estate development company engaged in the acquisition, design, construction, marketing, and management of residential condominium properties and lifestyle housing communities. Founded in 2008 as the dedicated residential development arm of the Prime Group, the company is headquartered in Colombo, Sri Lanka. Prime Lands Residencies PLC operates primarily in the residential property development sector, offering a diverse portfolio of real estate assets and related solutions that includes ultra-luxury high-rise condominium complexes; premium and mid-tier residential apartment developments; coastal and beachfront holiday condominiums; suburban gated housing communities; master-planned lifestyle villas; end-to-end property development management and construction oversight; customer-centric financing facilitation and flexible installment schemes; post-handover facility and property management services; and interior fit-out advisory. The company serves a diverse client base comprising domestic owner-occupiers, middle- and upper-income households, high-net-worth individual investors, institutional property buyers, and the non-resident Sri Lankan diaspora seeking residential and rental yield investments. Geographically, the company focuses its operations across Sri Lanka, maintaining a dense development presence across prime commercial and residential districts of the Western Province—including Colombo, Rajagiriya, Battaramulla, Nawala, Thalawathugoda, Nugegoda, Kohuwala, Mount Lavinia, Negombo, and Wattala—along with strategic regional presences in key secondary urban corridors such as Galle, Kandy, and Kurunegala. In recent operational and strategic developments, the company successfully completed and handed over units at its marquee ultra-luxury high-rise project, The Grand at Ward Place in Colombo 7, while broadening its project pipeline into coastal and leisure-centric residential developments to capture surging expatriate and foreign currency-denominated investment interest. In addition, the company has accelerated the integration of energy-efficient green building standards across ongoing and upcoming condominium developments, expanded digital sales and remote property management portals for global buyers, and formed strategic home-financing partnerships with leading Sri Lankan banking institutions to provide customized mortgage packages and structured payment solutions.