A consortium led by Canary Wharf Holdings Pte Ltd, a Singapore based company, said it signed an agreement with CHEC Port City Colombo (Pvt) Ltd, to develop a 34-storey office tower.

Colombo Gateway Tower One, will have 28,000 square metres of office space, spread over 28 floors. The building, to be located at Plot 01-10-04 of the Port City will also include retail and leisure facilities.

The land was reclaimed from the sea by CHEC Port City Colombo (Pvt) Ltd.

A memorandum of understanding was signed between Chairman of Canary Wharf Holdings Pte Ltd, Sharhan Musheen, Xiong Hongfeng, Managing Director of CHEC Port City Colombo (Pvt) Ltd.

Canary Wharf is the development arm of Investment Advisory firm Platinum Advisors Pte Ltd, the project promoter of Colombo Gateway, the statement said.

The developers hope to begin construction in May 2026 and complete the building by June 2029.

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