Arcade Independence Square, which comes under the purview of the Urban Development Authority (UDA), has been recently leased out to Softlogic Holdings, a leading conglomerate in Sri Lanka.
The lease agreement, which is valid for a period of 10 years, was signed recently between UDA Chairman Harshan de Silva and Director General Prasad Ranaweera, and Softlogic Chairman Ashok Pathirage and Softlogic Vice President Haresh Kaimar.
The decision to upgrade the Arcade under a public-private partnership reportedly due to improper maintenance of the building under the former Government.
The Arcade Independence Square was built when present President Gotabaya Rajapaksa was the then-Secretary to the Ministry of Defense.
Arcade Independence Square leased to Softlogic for 10 years
24 Mar 2021
Arcade Independence Square leased to Softlogic for 10 years
24 Mar 2021
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Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Automobile, Mother and Baby Products, Clothing, and Fashion. Additionally, Kapruka offers unique online services like Money Remittance, Astrology, Medicine Delivery, and access to over 700 Top Brands. Also If you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.Send love straight to their heart this Valentine's with our thoughtful gifts!