Majestic City
Majestic City, traded as C T Land Development PLC, is a seven-storey commercial and shopping complex, located in Bambalapitiya, a suburb of Colombo, near the Bambalapitiya Railway Station.
| Location | Bambalapitiya, Sri Lanka |
|---|---|
| Coordinates | 6°53′38″N 79°51′17″E / 6.893888°N 79.854722°E |
| Address | 10 Station Road, Bambalapitiya |
| Opening date | 4 April 1991 |
| Developer | C T Land Development PLC |
| Management | R. Selvaskandan (Chairman) J. C. Page (Deputy Chairman/Managing Director) |
| Owner | C T Land Development PLC |
| Architect | Gemunu Fernando - Design Group Five International (Pvt) Ltd |
| No. of stores and services | 240 |
| Total retail floor area | 23,000 m2 (250,000 sq ft) |
| No. of floors | 5, 2 below ground |
| Parking | 135 approx. |
| Website | http://www.majesticcity.lk/ |
| Company | |
| Company type | Public |
| CSE: CTLD.N0000 | |
| ISIN | LK0175N00006 |
Key people |
|
| Revenue | LKR146 million (2022) |
| LKR4 million (2022) | |
| LKR(16) million (2022) | |
| Total assets | LKR4,978 million (2022) |
| Total equity | LKR3,993 million (2022) |
| Owner | C T Holdings PLC (67.9%) |
| Parent | C T Holdings PLC |
| Footnotes / references [1] | |
The complex is owned by C T Land Development PLC. The founding chairman of the complex was Albert A. Page. Majestic City is considered as Sri Lanka's most sought-after 'Destination Centre' incorporating a diverse range of shopping outlets (240), including a food court, supermarket, children's amusement centre, banks and the Majestic Cineplex.
Construction edit
The complex was designed by Gemmu Fernando of the Design Group Five International (Pvt) Ltd[2] and constructed by Tudawe Brothers Limited. Construction of the three-storey 13,000 m2 (140,000 sq ft) shopping complex, with 88 tenancies, developed around a central atrium was completed in 1991 and formally opened on 4 April.
The second phase of development, comprising a cinema, food court, amusement centre and additional tenancies commenced in May 1993 was opened on 4 December 1994. It was designed by Design Group Five International and constructed by Sanken Construction (Pvt) Ltd at a cost of Rs 171 million.[3]
An LKR176 million renovation of the building was undertaken in 2008, which included modifications to the Galle Road entrance and the atrium, together with a refurbishment of the basement food court.[4]
In 2010 the fifth level of the complex was refurbished, and three new cinemas were added, with the cinemas opening on 4 December that year.
In 2019 the owners of the centre announced that they would be commencing a Rs 450 million refurbishment of the complex, which is expected to be completed by June 2020.[5]
Majestic Cineplex edit
Majestic Cineplex includes four cinemas managed by Ceylon Theaters (Pvt) Ltd, [6]
- MC - Platinum Cinema - 445 seats (located on level four, built in 1990 as a 2D cinema and refurbished/upgraded in 2013 to a 3D cinema using Dolby® 3D technology[7]
- MC - Ultra Cinema - 150 seats (located on level five, built in 2012)
- MC - Gold Cinema - 50 seats (located on level five, built in 2012)
- MC - Superior 3D Cinema - 170 seats (located on level five, built in 2012. Sri Lanka's first 3D cinema)
References edit
- ^ "Annual Report 2021/22" (PDF). cse.lk. C T Land Development PLC. Retrieved 28 December 2022.
- ^ Anjalendram, C. (1992). "Current architecture in Sri Lanka" (PDF). Mimar: Architecture in Development. Concept Media Pty Ltd: 26.
- ^ "Sanken Construction - Completed Projects List". Sanken Construction (PVT) Ltd. Retrieved 21 October 2019.
- ^ "Rs. 176 million spent on refurbishment: Majestic City owners defer rent revision by six months". The Island. 19 July 2009. Retrieved 31 October 2019.
- ^ "Majestic City to undergo Rs.450mn refurbishment". The Daily Mirror. 9 July 2019. Retrieved 31 October 2019.
- ^ . Archived from the original on 2016-01-30. Retrieved 2016-01-26.
- ^ "Majestic Cineplex: The first 3D cinema".