Sri Lanka’s premier private sector bank, HNB PLC, partnered with Mulberry Holdings (Pvt) Ltd. to redefine the real estate industry by offering exclusive deals to potential homeowners and investors at the Mulberry Residences.
This strategic collaboration was sealed at a special ceremony held at HNB Towers with HNB Deputy General Manager – Retail Banking Group Sanjay Wijemanne and Mulberry Holdings Executive Director Archie Warman.
“The property market in Sri Lanka has experienced steady growth over the years, leading to an increased demand for residential properties. Given that homeownership is a lifelong dream for many, we partnered with Mulberry Holdings to ensure our loyal customers can access these properties. We believe that homeownership is not merely a transaction, but a profound long-term investment, shaping the foundation of a fulfilling life,” HNB Assistant General Manager, Kanchana Karunagama said.
The promotion period extended to March 31, 2024. HNB will ensure prospective homeowners are equipped with convenient, flexible repayment options tailored to their budgets. Moreover, the Bank’s dedicated agents will support customers with legal documentation needed for the facility, reinforced by HNB’s backend processes, which ensure a speedy loan approval process.
Mulberry Holdings Executive Director Archie Warman spoke further on the collaboration, “We are excited to join hands with HNB in this venture. This partnership reflects our shared commitment to making homeownership a reality for many. Mulberry Residence is not just a development; it’s a testament to our dedication to quality living. With HNB’s support, we look forward to unlocking new possibilities for homeowners.”
Mulberry Residence in Colombo 09, a flagship development by Mulberry Holdings, is a testament to quality construction and innovative design. With 90% of units already sold, the development has garnered considerable attention in the real estate market.
Mulberry Holdings, a subsidiary of Lanka Realty Investments PLC, established in June 2017, specializes in constructing premium residential and commercial properties. The developer boasts a track record of completing major real estate projects, including the renowned HQ Colombo commercial building, showcasing a commitment to excellence and innovation.
Lanka Realty Investments PLC, the parent company, holds statutory approvals for multiple development projects in Colombo 9 & 10, representing a substantial total investment of Rs.17 billion. This partnership exemplifies HNB’s dedication to empowering homebuyers with exclusive financing solutions and facilitating their journey to homeownership. Lanka Realty Investments PLC (LRI) manages a diverse portfolio with standout properties. W15 Weligama offers luxurious oceanfront accommodations, while W15 Ahangama provides a boutique villa experience in a tropical setting. Unity Plaza stands as a tech hub in Sri Lanka, and HQ Colombo offers modern and state-of the art premium office spaces. Each property showcases LRI’s commitment to excellence and innovation in real estate.