The Real Estate practice at Varners has a well-established reputation and tradition in advising on the full range of real estate related matters in Sri Lanka.
The real estate sector in Sri Lanka is currently in a rapid phase of expansion, with the development of numerous commercial, hospitality, residential and mixed development projects. Against this backdrop, our Firm is heavily engaged with advising and setting up a range of such development projects.
Transactions handled by us range from sales and purchases of all types of property including mortgages and leases. The Firm is also extensively involved in offering general advice on property law, vesting of property, amalgamation of land parcels, preparation of title report and title clearances, due diligence reports on properties, preparation plans / surveys, negotiations, drafting of documents and execution of deeds etc.
Our involvement also extends to assignments with a corporate flavour, including real estate advisory work relating to mergers & acquisitions, development agreements, real estate joint ventures and construction agreements. In addition, we provide custom tailored comprehensive packages to those engaged in housing scheme developments, high-rise developments and condominium properties. The commercial focus of our practice provides us with a connection to business that our clients really appreciate.
Our most recent involvements include several high-rise condominium properties and a number of large-scale mixed-development projects. As a testament to our capabilities and our long-established relationships with multinational clients, we have been appointed to provide comprehensive advice to the foreign entity involved in the Public Private Partnership formed to develop a landmark land reclamation project adjacent to the Central Business District of Colombo.