Prime Group and Melwa have further strengthened their position in Sri Lanka’s real estate sector by securing their third land parcel in the prestigious Marina District of Port City Colombo, making the partnership the largest property investor within the landmark development.

With the latest acquisition, the combined landholding of Prime and Melwa has expanded to approximately 16 acres, underscoring their long-term commitment to transforming Sri Lanka’s property landscape and elevating local real estate to international standards.

The Marina District is regarded as one of the most exclusive and highly sought-after locations within Port City Colombo. Representing only around one per cent of the entire development, the district offers exceptional scarcity, premium waterfront positioning, and significant value appreciation potential. It is also expected to be completed within the next five years, ahead of several other zones within Port City.

The newly acquired site is planned as a mixed-use development, further enhancing the partnership’s growing presence in Colombo’s emerging waterfront destination.

Commenting on the milestone, Prime Group Chairman Premalal Brahmanage said the achievement reflects the company’s confidence in Sri Lanka’s future and Port City Colombo’s potential as a world-class international investment destination. He noted that the partnership aims to develop iconic projects that showcase Sri Lanka’s capabilities on the global stage.

Following the successful launch of Prime Marina and strong investor demand from both local and overseas buyers, the latest acquisition further positions Prime and Melwa at the forefront of Port City’s transformation, while reinforcing Colombo’s appeal as a rising hub for international real estate investment.