The luxury residential project, Sapphire Residences by ITC Hotels
Sri Lanka Sotheby’s International Realty has been appointed as global marketing agents for the ultra-prestige residential development Sapphire Residences at Colombo 1, by Welcom-Hotels Lanka (Private) Limited (WLPL), Sri Lanka – a 100% subsidiary of ITC Limited, India.
Situated on Colombo’s prime ocean front location on Galle Face, the 132 apartments and penthouses of Sapphire Residences and the 5-star ITC One hotel have been under construction since 2015. The 1,000-strong workforce is aiming to complete the project by 2021.
The Colombo project is ITC’s first development outside India and is committed to mirror their values and achievements in India and present themselves to the world as a leader in both hospitality and residential development.
Executive Director of ITC Limited Nakul Anand stated, “ITC has made a long-term commitment to building an iconic mixed- use development that will endeavour to set new standards in Sri Lanka, in both the residential and hospitality markets. ITC One Hotel at Colombo 1 and the Sapphire Residences, represent a very significant long-term commitment by ITC Ltd to the future of Sri Lanka.”
CEO of India Sotheby’s International Realty, Amit Goyal said, “We are thrilled to take on board this prestigious and ultra-luxurious project by ITC in Columbo through our subsidiary Sri Lanka Sotheby’s International Realty and we look forward to taking this to a global audience through the unmatched network of Sotheby’s International Realty®”