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Trillium Property Management and Services, Chairman, Janaka Ratnayake

A new chapter is etched for Trillium Property Management and Services with the unveiling of its state of the art ultra modern head office complex, Trillium Tower at Somadevi Place, Colombo 5.  The six floors embracing an architecturally avant garde design, with its 50,000 square feet, houses not only the continually expanding Trillium team, but also a ‘show apartment’ to enable customers visualize the true concept of Trillium luxury and a highly advanced technologically enabled telecommunication platform.  Trillium Tower truly showcases the Company’s impressive USPs; the ability to ensure remarkable rates of return by having the knack to hone in properties with potential, having uncompromising quality standards from the A to Z in construction and in possessing an eye for imbuing emerging trends and paradigms in architecture, design and concept.

Chairman of TPM&S Janaka Ratnayake articulated that the Trillium Headquarters, located just 100 metres from one of the primary trunk roads of Baseline Road, is a complex that was becoming an imperative for Trillium’s expanding presence in the real estate development landscape of Sri Lanka.  “We strongly believe that in this environment of fast paced change in Sri Lanka, especially when the country is seeking FDIs and strong investment opportunities, well developed real estate is a great barometer to induce such investment into the country.  Trillium’s stature in real estate is now well proven given that Trillium Property Management and  Services has been valued by PriceWaterhouseCoopers to be worth approximately Rs 1.7 Bn.”

“For us, we want to build a signature brand in real estate development,” said Ratnayake, reiterating that the Trillium brand itself is synonymous with luxury, quality and high rate of return, creating value through the development of luxury apartments and villas.  “This emphasis has seen the capital value of the villas and apartments under the Trillium banner, heralding an appreciation of approximately 20% even during construction.  The three completed projects have already yielded an ROI of 25%.”  He cites Trillium Residencies in Colombo 8 as a good example.  “It is the largest luxury condominium complex which has been completed thus far.

With the ten terraced semi-detached villas at Trillium Villas in Melder Place already completed ahead of its timeline with a capital appreciation of over 20% at the time of handing over, the Group is currently in the process of completing four other projects. Trillium Colombo 7 to be completed by end 2016, which collates 20 luxury apartments at Torrington Avenue Colombo 7 and assures a capital appreciation of over 35% for its early buyers and the adjacent Trillium Express which signals a new business model for the Trillium Group, designed to complement Trillium Colombo 7 with its 33 room three star city hotel promising five star luxuries, billed for completion in the summer of 2017.