Prime Lands and Melwa Join Hands for Mixed-Use Development in Port City Colombo

COLOMBO, October 17, 2026 — Sri Lankan developers Prime Lands and Melwa have signed a Sales and Purchase Agreement (SPA) for a new mixed-use development within the Financial District of Port City Colombo, marking another milestone in the development of the country’s emerging international business and investment hub.

The proposed project is expected to contribute to the evolving urban landscape of the Financial District, strengthening its role as a destination for business, investment and modern urban living.

The development forms part of Port City Colombo’s broader master plan, which aims to create an integrated destination combining commercial activity with lifestyle facilities. The project is expected to complement the precinct’s existing commercial focus while supporting its long-term vision as a business and lifestyle hub.

The agreement also highlights the continued participation of major Sri Lankan developers in Port City Colombo and signals confidence in the project’s long-term economic potential.

As Port City Colombo moves from master planning towards active implementation, partnerships between established developers are expected to play an important role in translating its development vision into physical infrastructure.

The latest agreement adds to efforts to position Port City Colombo as an attractive destination for investment and commercial activity, with the potential to support Sri Lanka’s broader ambitions to strengthen its position as a regional business and financial centre.