WTC Colombo, Sri Lanka’s top business address celebrates 25 years of success – The Island

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Uniquely located in the heart of the central business district, the World Trade Center Colombo celebrates 25 years of success, continuing to mark its presence as the city’s most iconic commercial landmark and sought-after business address.

In 1991, the founder and chairman of the Shing Kwan Group, Singapore SP Tao, endowed with visionary foresight and an entrepreneurial spirit, set his sights on developing a futuristic shopping complex on the island. To achieve its goal, Tao acquired Overseas Realty (Ceylon) Ltd., a Colombo Stock Exchange-listed company, which owned the undeveloped land at Echelon Square.

As one of the earliest and most prominent foreign investors in Sri Lanka, Tao realized that to realize his vision, an ingenious plan with three main data was needed – the most suitable design concept, a business of the world’s leading construction and no bank loans.

Tao’s enthusiastic passion for Sri Lanka and unwavering belief in its growth prospects came to fruition with the commissioning of the 39-story twin towers. Accelerated development of the country, the foundation stone of the highest structure in the country, with an investment of 130 million dollars, took place in 1992.

It was said at the time to be the largest foreign direct investment (FDI) and years ahead of any commercial development in the country. On October 12, 1997, WTC Colombo was officially declared open.

Tao’s bold leadership led the company for three decades where he served as chairman until his passing last year.

Today, the impressive office towers remain a renowned feature of Colombo’s skyline, housing the largest business-to-business network under one roof, providing a business ecosystem comprising world-class infrastructure with numerous conveniences and conveniences.

As a formal validation of WTC Colombo’s commitment to excellence in facilities and services, it is the exclusive licensee for the global trademarks “World Trade Center” and “WTC” owned by the World Trade Centers Association – a distinguished global brand facilitating international trade with its influential network of over 325 World Trade Centers in 100 countries.

In order to continue to provide superior facilities and services to tenants and visitors, World Trade Center Colombo completed its renovation program in April 2021. To improve the working atmosphere and convenience for tenants, a renovation complete completion of all interiors and upgrades to all major MEP systems have been undertaken.

Overseas Realty (Ceylon) PLC, Group Director/CEO Pravir Samarasinghe said, “The WTC is recognized as a historic workplace based in the heart of Colombo for many global and well-established local businesses. As we celebrate our 25th anniversary, we take this opportunity to express our gratitude to our customers, partners, stakeholders and employees as we continue to be the best possible business address in Colombo. Additionally, our recognition, in line with the iconic global properties associated with the WTC brand, is a strong testament to the company’s dedication and commitment to excellence in providing quality office space.

Confirming its reputation for providing the best in design, facilities and tenant services, WTC Colombo continues to attract prestigious local and multinational companies. Today, the building houses prominent clients such as Colombo Stock Exchange, Securities Exchange Commission, Board of Investment, Huawei Technologies, Glaxo SmithKline, Earnest & Young Global Deliver Services, Lanka IOC, Mitsubishi Corporation, Deloitte Consulting , Valid One, Bharti Airtel, China Harbor Engineering Company, Asia Broadcasting Corporation, etc.

As owner, manager and developer of the famous World Trade Center Colombo, Overseas Realty (Ceylon) PLC continues to lead the office market by bringing extensive expertise, domain knowledge and experience to its property developments. The company is also the developer of Havelock City, the largest integrated mixed-use development built in the heart of Colombo with residential and commercial components.

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