The Finance Company PLC has put up its head office at R.A De Mel Mawatha and another prime property at Fonseka Place up for sale. This comes in the wake of the successful share issue completed recently worth 1.6 billion rupees.
According to company sources the rationale behind such a move is to centralize its operations and to reduce unnecessary costs of maintaining two buildings in close proximity.
Further the company hopes to acquire another property to move its operations once the prime properties are sold off.
The current head office consists of approximately 73 perches of land and 17,800 square feet of floor place. The other building located at De Fonseka place is 25 metres from Galle Road and Duplication Road which includes 2500 square feet of building in 13.75 perches of land.
The properties are advertised as ideal locations for high rise apartments, office or shopping complexes and as prime retail space. The company has invited sealed offers for the said properties and would be sold on terms of outright purchase.
The Finance recently issued 40 million ordinary voting shares at 40 rupees in order to raise 1.6 billion rupees to fund the company's future investments.
source - www.dailymirror.lk
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