Capitol TwinPeaks Archives

January 4, 2024

The Commercial Bank of Ceylon has announced customised Green Home Loans for buyers of apartments at Capitol TwinPeaks, a high-rise mixed development with luxury residential apartments in Colombo that has already been certified Gold by the Green Building Council of Sri Lanka (GBCSL).

A Memorandum of Understanding signed by the Bank and the developer Capitol Towers Ltd. commits the two organisations to provide buyers a series of significant special benefits that will facilitate the purchase of apartments and the enhancement of their eco-friendly potential.

Capitol Towers Ltd. has undertaken to offer concessions of up to 40% on the prices of apartments under this arrangement. The Commercial Bank of Ceylon has agreed to offer loans at 1% lower than the published Platinum rate, 50% off document charges and discounts of up to 10% from five leading solar power products suppliers registered with the Bank’s Green Home Loans programme.

These attractive special benefits will be available till 31^st January 2024, the Bank said.

Commercial Bank’s Green Home Loans of up to Rs 50 million are available for the purchase of homes that have been granted Green Building Certificates by the Green Building Council of Sri Lanka, or for the construction of houses that will be so certified. Loans of up to Rs 5 million are available for the purchase of solar power systems, solar net metering systems or for any other green initiative such as waste or rain water management or composting, that leads to Green certification.

The loans are repayable in up to 15 years and can also be topped up periodically for maintenance or upgrades that improve eco-friendliness.

The Commercial Bank recently entered into a landmark cooperation agreement with the Green Building Council, laying the framework for the two institutions to work together to promote eco-friendly building construction in Sri Lanka. The Bank and the Council have agreed to cooperate in activities related to the introduction of sustainable financing products by the Bank to facilitate the transition to carbon-neutral and environmentally-sustainable economic developments under this agreement.

Capitol TwinPeaks is located in the heart of Colombo’s central business district and comprises of 50-storey twin skyscrapers that promise a private, serene and safe space in the sky. Offering 475 luxury apartments, Capitol TwinPeaks provides an escape into comfort and urban charm in the most elite neighborhood of the country’s commercial capital.

Commercial Bank is the largest private sector bank in Sri Lanka and the first Sri Lankan bank to be listed among the Top 1000 Banks of the World. The Bank operates a network of 271 branches and 964 automated machines in Sri Lanka, is the largest lender to Sri Lanka’s SME sector, and is a leader in digital innovation in the country’s Banking sector. Commercial Bank has the widest international footprint among Sri Lankan Banks, with 20 outlets in Bangladesh, a Microfinance company in Nay Pyi Taw, Myanmar, and a fully-fledged Tier I Bank with a majority stake in the Maldives.

September 13, 2022

Hayleys Fentons is one of the most trusted engineering companies in Sri Lanka counting over 100 years of experience in delivering world-class engineering solutions. Today, it has propelled to become a one-stop destination for all the engineering needs from Renewable energy, MEP, security and surveillance, ICT, Facility Management and a diverse portfolio of critical engineering services. Facility Management is one of the key services provided by Hayleys Fentons and ever since its venture into this particular service, it has contributed to many iconic projects across the country including the landmark Capitol TwinPeaks Lifestyle complex.

As a leading facility management services provider in the country, Hayleys Fentons offers end-to-end facility management services from infrastructure provisioning, total management of front desk/reception, housekeeping to security services, providing technical support and more. Hayleys Fentons provides services to country’s leading corporates including government institutions, commercial buildings, residential properties, manufacturing & industrial buildings, hospitals and hotels. Hayleys Fentons has always set high standards as a reliable and trusted company for all engineering requirements.

Speaking about the Facility Management services at Hayleys Fentons Mr. Hasith Prematillake, Managing Director, Fentons Ltd said, “We at Hayleys Fentons are equipped with expertise and 30 years of experience in the facility management field that help to take your business to the next level. Staying true to our brand promise, we always maintain high service standards and ensure to provide a high quality service to our clients. We have already collaborated with some of the country’s largest companies in facility management projects and we aim to expand our service offerings in future.”

Mr. Sujith De Alwis, Director / CEO, Fentons Ltd stated, “At present, large-scale businesses need to focus on facility management services to streamline their business operations. At the same time, the service provider needs to be a trusted and reliable partner. Hayleys Fentons is a highly renowned company, capable of handling all the engineering requirements, which allows our clients to freely focus on their businesses. We are committed to provide a best-in-class service and maintain strong relationships with our clients.”

One of the key strengths of Hayleys Fentons is its highly skilled and qualified team and the expertise it carries in the facility management field. Once a client reaches out for a requirement, the team will swiftly handle the complete process from location inspection to providing recommendations and delivering the completed project on time. The company pays a high level of attention to the safety and security of the properties and is committed to provide technical support at any given time for its clients. The company also focuses on sustainability aspect and is keen on introducing new practices for energy saving, cost reduction etc. All its facility management projects are aligned with necessary regulatory and compliance requirements and also international standards and best practices in facility management.

June 2, 2021

Colombo, Sri Lanka, – Capitol TwinPeaks, the 50-storey twin-tower, mixed residential development under the Sanken Group, announced the unveiling of 40,000 sq ft of luxury amenities and facilities. The modern conveniences and comforts made available to residents of TwinPeaks are offered at a comparatively lower entry point, whilst ensuring the very pinnacle of vertical living in the heart of Colombo.

The project which offers 400+ apartments set out amidst a twin complex – connected by South Asia’s highest sky bridge – is a resultant of the collaboration between the illustrious P&T Group – Singapore; and one of Sri Lanka’s most highly sought after design & build firms – Sanken. With both Contractor (Sanken Construction) and Developer (Capitol Developers) as members of Sri Lanka’s premier construction giant (the Sanken Group) – the Capitol TwinPeaks complex is set to stand as a landmark amidst landmarks.

Speaking with Capitol Towers, Managing Director – Rohana Wannigama, stated: “TwinPeaks offers an elite lifestyle, unlike any other that allows owners to reside in the heart of Colombo whilst having direct access to a plethora of modern amenities and facilities, that cater to the needs of every member of the family. Whilst residents of the TwinPeaks complex secure an apartment with the potential for high capital gains and rental yields, they also gain convenience, through these curated amenities and facilities – at a comparatively lower entry point within the market, when investing at TwinPeaks.”

The amenities and facilities available to residents include a variety of restaurant/ bar venues, including al fresco dining options; a spa, laundromat, mini mart & pharmacy, salon, party lounge, function room, sensory garden, bbq pit, outdoor living, kids’ pool, dance studio, gym with steam room, reading corner, kids’ play area, games room, an infinity pool, business centre, zen garden, sky bridge, lantern court; and more!

Concluding, Wannigama stated: “The project’s 40,000 sqft provides numerous options to live, work and play whilst at home, whether entertaining guests, hosting an event, choosing dining options, providing toddlers a safe space for play, and even providing mum and dad multiple spaces to relax and rejuvenate in. The provisions and layout of every aspect at the TwinPeaks complex is well thought out and consists of anything and everything a modern family may need – including providing elderly residents a safe haven, with every amenity and facility a mere elevator ride away.”

The project, located adjacent to the Beira Lake, with views of the Indian Ocean, Port City and Colombo Cityscape embodies the harmony of real estate excellence achieved by the group. Capitol TwinPeaks is a product of the construction and design expertise of the Sanken Group and is expected to provide higher rental yields and capital gains through an optimal product mix and unit price, whilst ensuring green living.

May 10, 2021

Colombo, Sri Lanka, May 2021 – Capitol Developers – the Developer of Capitol TwinPeaks, the 50-storey twin-tower, mixed development under the Sanken Group, recently announced the provision of the ‘Capitol-ize’ Investment Scheme for potential property owners/ buyers, as a means by which to ease financial pressures (a resultant of Sri Lanka’s recovering economy) allowing more entrants into the real estate and property market.

The Investment scheme aims to assist buyers with an advantage in entry value (approx. 8%) where the USD is set at Rs. 185 (at present) along with guaranteed returns and capital appreciation, during a period where low risk investment options such as fixed deposits continue to provide low reward returns. The introduction of the ‘Capitol-ize’ Investment Scheme allows for a 5% guaranteed annual return on investment for the first 2 years; whilst owners can expect a minimum a 7-10% per annum property appreciation – making it a low risk, high reward for investors – during an ailing financial period, nationally.

Speaking with Capitol Towers, Managing Director – Rohana Wannigama, stated: “The investment scheme stands as a testament to our unwavering belief in the return on investment that this mixed development project will provide its owners with, based on the quality, location, unit mix and expected industry trend further complemented by the reputation and real estate expertise of the Sanken Group. The scheme is an additional avenue to capitalize on their property investment”.

Recipients of the Investment Scheme are required to provide an upfront payment and receive possession of the apartment in 2 years, proceeding. During this time period apartment owners are exempt from maintenance and management fees and receive their return on investment (ROI) paid annually for 2 years.

The project which is expected for handover between end June and December 2021, is now 77% sold, with construction continuing at full steam ahead for delivery. The project is poised to offer high rental yields, high capital gains, higher ROI, optimum unit mix for investment, low energy for greener living and freehold title ownership.

The project located adjacent to the Beira Lake – overlooking Colombo cityscape, the Indian Ocean and Port City, embodies the harmony of real estate excellence; as a product of construction, design research and the expertise of the Sanken Group. Residents are able to select from 2, 3, 4 and 5 bedroom apartments that range from 774 sqft to 2,726 sqft.

March 1, 2021

Colombo, Sri Lanka, February 2020 – Capitol TwinPeaks, the 50-storey twin-tower mixed residential development under the Sanken Group, continues construction for delivery in 2021, amidst several hardships faced by Sri Lanka’s real estate and property industry.

With the announcement by Ceylon Chamber of Commerce (CCC) – Import Section, Chairman, Delano Dias that the import restrictions on nonessential items that were expected to be lifted or see some relaxation in 2021, will remain the same, major property developments around Sri Lanka continue to face significant challenges in completing projects due to shortages of raw materials for construction.

However, Capitol TwinPeaks continues to work strategically, beating the odds at every turn. Having achieved major construction milestones of the development, prior to the initial nation-wide lockdown, the project continues to circumvent the current shortages and restrictions faced by a large proportion of the industry. This is largely due to Sanken’s deep roots stemming from the Japanese – Mitsui group, which inculcated strategic planning to deliberately ensure the continuation and success of the TwinPeaks project, as the Sanken Group pre-ordered raw materials much ahead of the scheduled requirements – which we now see the project reaping the benefits of.

Speaking with Capitol Towers (a subsidiary of Capitol Developers), Managing Director – Rohana Wannigama, stated: “The Sanken name is synonymous with timely delivery and high-quality construction that rivals international projects. Due to Strategic forward-thinking and necessary planning, the project forges ahead, working towards apartment handover starting from end June 2021. ”

With both contractor (Sanken Construction) and developer (Capitol Developers) being members of Sri Lanka’s premier construction giant Sanken Group and Singapore’s P&T as its architectural design partner, Capitol TwinPeaks is set to stand as a landmark amidst landmarks.

Concluding, Wannigama stated: “The project offers an elite lifestyle, at the heart of Colombo 2, with international quality standards being met. We are mindful of the timing and how it affects return on investment, given the times we continue to face. We aim to expedite the remaining construction work in order to meet this need.”

Offering 40,000 sq ft of amenities and facilities, the project embodies the harmony of real estate excellence achieved by the group. Working in tandem with the international architectural firm, Capitol TwinPeaks is a product of construction, design research and expertise of the Sanken Group and is aimed at providing higher rental yields and capital gains for investors through an optimal product mix and unit price.

November 30, 2020

Colombo, Sri Lanka – December 2020 – Capitol TwinPeaks, the LKR 25 billion flagship mixed-development project by the Sanken group’s Capitol Developers and Sanken Construction, located on the Beira lakefront in Colombo 2, recently began the installation of their 50th level sky bridge.

Following the announcement in early 2019 for plans to set the record for South Asia’s highest sky-bridge, the project which is set for completion and handover by end June 2021 began the installation of the sky bridge on October 29 2020, despite the second COVID-19 lockdown which continued to affect many of Sri Lanka’s industries.

POV visual interpretation of the completed sky bridge

Commenting Managing Director, Capitol Developers – Rohana Wannigama noted “With Capitol TwinPeaks being a notable landmark amidst landmarks, the sky bridge has been a much anticipated design and construction feature of the project. The sky bridge is yet another iconic moment in Sri Lanka’s history as it will be the highest in South Asia – yet again affirming Capitol TwinPeaks and Colombo as the ultimate location for those seeking a cosmopolitan lifestyle. This milestone signifies a historic moment in the field of architecture and engineering for our nation as the sky bridge is an open glass viewing point.”

Visual interpretation of the completed sky bridge

Constructed at 174.2 metres (572 feet) above ground level, the remarkable aerial feat of engineering is part of the residential project, to link the 50-storey free-standing twin towers by a 30 foot (4.2 metre) long sky bridge.

Concluding, Mr Wannigama noted “As we continue at full speed towards completion of the entire project by end June 2021, this significant milestone – even amidst a slow down in many industries and nations, worldwide – is yet another signifier of Sanken’s drive and capability to deliver on time, in full. This sky bridge not only connects both towers at the top, allowing residents access to the exclusive facilities on the 50th floor, but is also featured as one of the project’s greatest engineering challenges”.

The Sanken Construction team at the installation of South Asia’s highest sky bridge

Under Sanken Construction, indepth research and testing was conducted to ensure safety of the sky bridge during high wind speeds and even earthquakes. Options such as elastomeric bearings, slide bearings and friction pendulum seismic isolation bearings for the sky bridge connectors were considered and tested, wherein customised guided slide bearings were selected as the most suitable bearing type for the connection between the skybridge and the towers. The design accommodates safe movement for both those on the bridge as well as those within the building during any turbulence.

November 2, 2020

Colombo, Sri Lanka – 2020 – Both Capitol Developers (a member of the Sanken Group) and P&T Group, Singapore were recently honoured at the Luxury Lifestyle Awards 2020, in October 2020 for the Capitol TwinPeaks apartment project.

Singapore’s P&T Group won in the category of Best Luxury High Rise Architecture; along with Capitol Developers – Sri Lanka in the category of Best Luxury Mixed-Use Development.

According to the Luxury Lifestyle Awards 2020 event organisers, the award is as a result of research on companies with projects in the same category and country. The criteria for nominations included project location, the functionality of the project, design style & special features, sustainability & energy efficiency, safety & security and the reputation & credibility of both organisations, etc.

Speaking with Richard Soon, Group Director of P&T Group, noted “It is an honour to receive this award which has been credited purely based on merit and the awarding body’s in-depth independent research into the project under a vigorous set of selection criteria. We are pleased to receive this award for the Capitol TwinPeaks, Sri Lanka project – one that we believe embodies the apex of apartment living.”

With 150 years of unparalleled design experience in the world’s emerging and developed countries and numerous offices and associated offices in Singapore, Hong Kong, China, Thailand, UAE, Vietnam and other countries; P&T Group is one of the largest Architectural and Engineering practice in the world.

Speaking with Rohana Wannigama, Managing Director – Capitol Developers Ltd, concluded “It is an honour to receive this award for the Capitol TwinPeaks project. The double award received at the Luxury Lifestyle 2020 Awards for Capitol TwinPeaks reaffirms the quality in design, convenience and comfort that have been refined through the offer of vertical living in the heart of Colombo. The project truly is an impeccable investment and lifestyle option, and we are pleased to have been endorsed by the seal of approval of the globally recognized ‘Luxury Lifestyle Awards’ headquartered in New York USA, who have just unveiled their 12^th Annual Winners List for the year 2020.”

Showcased as twin 50-storey skyscrapers, Capitol TwinPeaks offers 2, 3, 4 and 5-bedroom apartments with over 40,000 sqft of common amenities, facilities and commercial space. It is home to South Asia’s highest sky bridge and is scheduled for completion at the end of June 2021.

October 20, 2017

Luxury living at its best, the combined synergies of Capitol Developers and Sanken Construction renders Capitol TwinPeaks a lucrative investment. The 470-apartment twin tower project located at 24, Staple Street, Colombo 02 incorporates the latest trends in condominium construction. Sanken Construction has successfully delivered some truly iconic projects in the past for many developers and Capitol TwinPeaks too is expected to be a triumph of both design and construction. The project has incorporated the latest technology available in the industry for its design development and construction activities from its rudimentary stage to ensure its structural performance and long-term stability. In addition, Sanken Construction recently conducted a Wind Tunnel Test for Capitol TwinPeaks despite its high cost to ensure that it delivers the best possible product to its clients.

Determining what the wind loads will be for specific mean recurrence intervals and understanding what the uncertainties are in these loads is critical, which is why Sanken undertook the Wind Tunnel test for Capitol TwinPeaks, which rises up to 182m and therefore requires an accurate assessment of wind loads on cladding elements to ensure adequate strength. The main structure of a tall building and its façade must be designed to safely withstand the extreme winds to which the building will be subjected during its expected life. Since there are no laboratory facilities available in Sri Lanka to perform this test, the wind tunnel test was performed by a renowned wind tunnel testing consultant, CPP Wind Engineering & Air Quality Experts from Australia.

Capitol TwinPeaks stands tall at height of 182 m from ground level making it susceptible to nature’s extreme conditions. Some of the most fascinating features of Capitol TwinPeaks such as the Sky lounge sunset bar, sky bridge and so on are located at the roof top level. Through this wind tunnel test, the developer was able to verify how the wind flow patterns surrounding the building effects the building and its contents and necessary rectifications needed to provide safe and pleasant living conditions for residents. Results obtained from this test were then forwarded to principal structural designer and façade designer to optimize the design.

The presence of Sanken guarantees immense value addition to the ambitious Capitol TwinPeaks project. Apart from its impeccable track record of delivering projects on time, Sanken Construction infuses the best aesthetic features in the project along with international living standards to set a benchmark in trendy lifestyles. Moreover, it takes care of all regulatory approvals so that there is no stress on the owner eventually. Its projects always incorporate latest systems, processes and materials. Attention to detail and constant feedback to the developer and in turn to the customers is an added plus.

Durability and sustainability of its projects; emphasis on safety; quality and green principles in construction are some of the value added benefits that Sanken offers its clients.

Capitol Developers Ltd is a member of the reputed construction giant, Sanken Group. In fact, all properties developed by Capitol Developers have been contracted to Sanken Construction (Pvt) Ltd., the most trusted name in the construction industry, which guarantees timely delivery of the apartments to buyers along with the hallmark construction quality of the Sanken brand. Sanken has a reliable track record in world-class quality construction and is responsible for 80% of Colombo’s skyline, which makes this project a highly stable investment.

Scheduled to be ready for occupation by end 2020, Capitol TwinPeaks is envisioned as an iconic project consisting of 400 plus apartments featuring 2, 3, 4 and 5 bedrooms; 2 basements and 6 floors of parking. With four different unit types to consider, the unique mix suits both couples and multi-generational families. High ceilings, full-glass windows and functional layouts allow for natural light permeation, giving each unit warmth and personal privacy. The project will also appeal to the new lifestyle trend of luxury condominium living amongst young couples and expatriates, who desire to make a lifestyle statement, coupled with the growing interest from foreign investors, buyers and expatriates. Capitol TwinPeaks is the ultimate in luxury living.

September 20, 2017

A-model-of-Capitol-TwinPeaks-at-the-Model-Apartment.jpg

Wednesday, September 20, 2017, Colombo: Capitol Developers, the company developing the iconic Capitol TwinPeaks has unveiled its model apartment to the public for viewing. Staying true to its impeccable track record of delivering projects on time to delight its valuable customers, the construction of the iconic Capitol TwinPeaks is continuing at a rapid pace well ahead of schedule. The company’s customer-centricity is evident in the fact that the company delivers its promise of handing over projects in a timely manner to investors, so that they can gain expected returns from their investment in Capitol TwinPeaks as planned.

Scheduled to be ready for occupation by end-2020, Capitol TwinPeaks is envisioned as an iconic project consisting of 400 plus apartments featuring 2, 3, 4 and 5 bedrooms; at its strategic location at 24, Staple Street, Colombo 2. One of Colombo’s most central apartment blocks, it is located in what’s to be the trendiest neighbourhood in 2020, with proximity to prestigious shopping malls and other conveniences, in addition to a beautiful entry point with the lake frontage of Beira Lake. The rapid development of Capitol TwinPeaks and other mega infrastructure projects in the surrounding area is driving the real estate prices up in the vicinity, rendering Capitol TwinPeaks a highly lucrative project for the most discerning investor.

Apart from considering the location, the partners in the project are a key consideration of a prospective investment property. Capitol Developers is a member of the renowned construction giant, Sanken Group. In fact, all properties developed by Capitol Developers have been contracted to Sanken Construction (Pvt) Ltd., the most trusted name in the construction industry, which guarantees timely delivery of the apartments to buyers along with the hallmark construction quality of the Sanken brand. Sanken has a reliable track record in world-class quality construction, being responsible for 80% of Colombo’s skyline, which makes this project a highly stable investment.

Considering the prime location and international luxury standards the project promises, Capitol TwinPeaks is widely expected to pull in an even higher yield in rentals once complete. The investments in Sri Lankan real estate market are comparatively more lucrative and profitable in comparison to other emerging real estate markets of Asia. Furthermore, the entry of international hotel, shopping and resort chains in Colombo will complete the transformation of the Capital as a cosmopolitan hotspot for travel and tourism.

Recently completed projects by Capitol Developers, namely, Capitol 7 and Capitol Elite, have witnessed approximately 75% capital appreciation from the time of booking till completion. Considering the upscale Capitol TwinPeaks project, customers can expect around the same appreciation of their investment if not higher once it is completed by end-2020. Other high value mega infrastructure projects too are expected to mushroom in the vicinity as will the Light Rail Transport system, the first of its kind in Sri Lanka, all of which will drive the real estate capital appreciation in and around Capitol TwinPeaks to new highs.

The project will also appeal to the new lifestyle trend of luxury condominium living amongst young couples and expatriates, who desire to make a lifestyle choice to live in the city, coupled with the growing interest from foreign investors, buyers and expatriates. Capitol TwinPeaks is the ultimate in luxury living and the most happening destination for those seeking the ultimate luxury lifestyle.

ComBank’s Green Home Loans scale new heights with Capitol TwinPeaks

Sri Lanka’s leading facility service provider Hayleys Fentons geared up for more inspiring projects like Capitol TwinPeaks

Capitol TwinPeaks to embody “Life at its Peak” with 40,000 sqft of luxury facilities and amenities

Capitol TwinPeaks unveils ‘Capitol-ize investment Scheme’ for Buyers – offering guaranteed returns

Capitol TwinPeaks forges ahead, amidst industry challenges

Capitol TwinPeaks at Colombo 2, confirm installation of South Asia’s highest sky bridge amidst second COVID-19 lockdown

Sanken’s Capitol Developers & Singapore’s P&T Group (Architect) win global accolades for Capitol TwinPeaks apartment project at Luxury Lifestyle Awards 2020

Wind Tunnel Test conducted to ensure occupants’ comfort, safety & sustainability of Capitol TwinPeaks

Capitol TwinPeaks Model Apartment now open