447 Luna Tower Archives

June 30, 2022

USD 45 million apartment project partners LIWE Communities for smart living solution
LIWE Communities to service approx 400 residents at 447 Luna Tower, Colombo 2

Colombo, Sri Lanka, June 2022 – LIWE Communities – Sri Lanka’s first comprehensive cloud-based smart communities management platform recently announced their service partnership with Belluna Lanka – Developers of the 447 Luna Tower, to provide its 202 unit luxury apartment project with access to exclusive lifestyle services and offers.

LIWE Communities – a mobile application developed in 2021, that acts as a luxury lifestyle management platform, is fast becoming popular with residents of gated communities, top-tier residential complexes and high-end apartment buildings such as 447 Luna Tower. The service agreement aims to provide a curated selection of value-added services through smart tech for residents of 447 Luna Tower, as exclusive members with access to the LIWE Communities application..

Located in Union Place, Colombo 2 – 447 Luna Tower (approximate starting price USD 220,000) is home to both foreign and local residents, offering them the convenience and accessibility of living in the heart of Colombo’s business and entertainment district, with luxury facilities and amenities spread out across 45 floors.

The partnership with LIWE Communities is poised to elevate the lifestyle offering further, turning 447 Luna Tower into a project that promotes the concept of smart cities.

Speaking at the signing, Head of Business Development, LIWE Communities – Yasas Nanayakkara stated: “We are pleased to onboard 447 Luna Tower as we make history as Sri Lanka’s first smart community management platform. We are a completely local product with a very capable local tech team, backed by a Swiss-based Investor. LIWE is a lifestyle product beyond just simple functions acting as one single tech platform to perform all activity within a condominium, connecting residents with the outside world. On behalf of the management of We Live Communities (Pvt) Ltd, I would like to thank Mr Ranjith Silva and the management of Belluna Lanka for becoming a part of a great journey. Liwe certainly will be a great value addition for the residents and the operational management of 447 Luna Tower.”

The services available to LIWE members include exclusive access to a curated list of Quintessentially Ceylon elite lifestyle offerings for travel and experiential services, food & beverage reservations, celebratory services, gifting, exclusive purchases, etc. In addition the application also provides users with access to easy bill payments, facility bookings, the digital notice board, seamless visitor invitation, communication with the neighborhood, management and security office, SOS features, access to a Help Desk, whilst being connected to multiple third-party service providers for mobility, healthcare and food & beverage.

Concluding, Nanayakkara stated: “Our next phase with LIWE will be connected to leading recreational clubs, private universities and schools in Sri Lanka, as we look to truly enable smart living for smart communities.”

LIWE is an application that digitally connects residents to the immediate and wider communities, as well as operations management, in order to make life more convenient, safer and above all seamless. The application lets users manage their home/ personal space on the go from a mobile device at any time and anywhere. The addition of high-end partnerships as part of the LIWE Communities application access allows for users to seamlessly manage their fast-paced, modern lifestyle. LIWE members currently receive exclusive offers and rates via Kangaroo Cabs, and the brand is currently in discussion with Healthcare and Modern Trade partners as a further value add for their customers.

January 27, 2021

Belluna Co. Ltd Japan announces that with effect from 13^th January 2021 Asia Capital PLC will not act as the local coordinating partner in the 447 Luna Tower project at Union Place, Colombo 02. Asia Capital PLC was the local partner facilitating the project on behalf of Belluna Co. Ltd Japan.

447 Luna Tower is solely funded and fully owned by Belluna Lanka, the local subsidiary of Belluna Co. Japan. The project is one of the few equity funded real estate developments in the country which is not dependent on pre-sales or project financing.

Commenting on the progress of the project, Hiroshi Yasuno, Director, Union Place Apartments (Pvt.) Ltd said “447 Luna Tower is a fully equity funded project of Belluna Co. Japan. Construction on the tower was continuing as scheduled and was in its finishing stages when it was affected by the COVID-19 pandemic and the curfew imposed in Sri Lanka and the subsequent social distancing regulations imposed on construction sites. However, we wish to reassure our clients that construction is progressing, and Belluna Co. Japan is committed to handing over the landmark development in 2021.”

Belluna Co. Japan is a conglomerate listed on the Tokyo Stock Exchange and a significant player in the global hospitality and real estate industry with projects spanning across the Maldives, Myanmar and USA. Belluna Co. Japan has already proven its long-term commitment to the Sri Lankan property market by investing USD 175 Million across four projects in the country. Their hotel property, Le Grand in Galle was their first investment in Sri Lanka which was completed in 2018, and their on-going hotel project is a 300-room city hotel on Marine Drive which is set for completion in 2021.

Being one of the few developments priced in Rupees. 447 Luna Tower offers an attractive payment plan and investors are invited on two days of the week following safety procedures implemented at the site to visit the six model apartments completed on the 18th floor to gain an insight into what 447 Luna Tower has to offer.

August 14, 2020

Soon to be completed luxury condominium ‘447 Luna Tower’, offering impeccable value to those seeking to purchase real estate in Colombo, recommenced construction as of 18th May 2020 adhering to the guidelines issued by Ministry of Health & other government institutions. Therefore, strict hygiene protocols have been implemented within the site that includes special provisions for safety equipment, body temperature checks, regular sanitizing procedures, dedicated lifts for visitors etc.

Commenting further, Sandun Hettige Jt. Group COO Asia Capital PLC said, “We strongly believe that it is our role and responsibility at this difficult time to achieve development progress while ensuring the safety of everyone involved. In this regard, we have controlled the level of activity with sensible compromise on the number of workers within the site for the moment. Rest assured, we are taking all possible mitigation actions to regain for the lost time.”

Having commenced construction in the fourth quarter of 2016, 447 Luna Tower is located in the heart of Colombo at Union Place and offers investors an affordable yet unique value proposition through a 44-storey architectural masterpiece accommodating 202 spacious apartments. This development is perfectly positioned to offer its clients the convenience of living in the heart of the city, with easy access to workplaces, leading supermarkets, banks, and schools.

With a total investment of approximately USD 50 million, the project is fully funded by the Japanese conglomerate Belluna Co. Ltd along with the local partner Asia Capital PLC. 447 Luna Tower is Belluna Co.’s third project in Sri Lanka which collectively amounts to an investment in the country of over USD 450 million.

Belluna Co. Japan has also invested in a 300-room city hotel on Marine Drive in Colombo 3 which is planned to be open mid 2021; an ultra-luxurious 57 room resort known as Le Grand in Galle which opened in August 2018; as well as their first resort endeavor with Marriott International, debuting the Westin Maldives Miriandhoo Resort entailing 70 villas opened in October 2018.

447 Luna Tower has been designed and constructed in consultation with Japanese engineers thus ensuring technical and structural expertise throughout the construction process. A team of representatives from Belluna Co. Ltd regularly inspects the quality of construction to reaffirm their unwavering commitment towards delivering only the highest quality offering.

The partnership with Belluna Co. Ltd, Japan and the initiative to run the project as a fully equity funded development continues to re-affirm investment security for clients of 447 Luna Tower. Furthermore, Belluna Co. Ltd has expressed their unwavering confidence during this time towards the success of 447 Luna Tower and the overall Sri Lankan real estate market.

Exclusive to its residents, the apartment is further equipped with facilities and amenities that offer a 360-lifestyle solution. The show floor has been completed on the 18th floor and is available for viewing to inspect the quality of the finishes. With a payment of 20% of the total price, investors can buy into the offering and pay the remaining 80% at handover.

447 Luna Tower partner with LIWE Communities to provide modern lifestyle services to residents

‘447 Luna Tower’ Announces Change of Project Partner

447 Luna Tower – Transforming the Colombo skyline