Archive: News

Visit of Japanese Investor Forum 12.10.18

October 18, 2018

 

Altair provides a helping hand to the No Kunu initiative focused on a cleaner Colombo

August 2, 2018

 

Altair provides a helping hand to clean up the surrounding areas of the Beira Lake as a part of the No Kunu initiative focused on a cleaner Colombo.

 

 

Altair awarded four prestigious awards at the Asia Property awards (Sri Lanka) by Property Guru

August 2, 2018

 

Altair was awarded four prestigious awards at the recently concluded Asia Property awards (Sri Lanka) by Property Guru. The awards include ‘Best Luxury Condo Development (Colombo)’, ‘Best Luxury Condo Architectural Design’, ‘Best Condo Development (Sri Lanka)’. And Pradeep Moraes, Director, Indocean Developers of Altair was also awarded for the first time ever ‘Sri Lanka Real Estate Personality of the Year’.

 

 

Pradeep Moraes of Altair named PropertyGuru’s first-ever Sri Lanka Real Estate Personality

July 10, 2018

 

The PropertyGuru Asia Property Awards (Sri Lanka) competition, which is being held for the very first time in Colombo on 12 July 2018, has chosen its first-ever Sri Lanka Real Estate Personality of the Year.

Pradeep Moraes, director at Indocean Developers – the company behind the twin tower Altair, designed by celebrated architect Moshe Safdie – has been selected to receive the prestigious honour by the editors of PropertyGuru Property Report magazine.
“We are recognising Pradeep Moraes’s contributions to raise standards in the local real estate sector as well as his work as chairman of the Condominium Developers Association of Sri Lanka,” the magazine said.

The career of Moraes spans more than four decades and covers a wide range of industries, including fast-moving consumer goods (FMCG), aviation, advertising, automobiles, industrial marketing, communications and broadcasting, security, and property development.
After 10 years heading the sales and marketing division of John Keells Development, Moraes joined Indocean Developers (Pvt) Ltd as president of sales and marketing in 2013 and was appointed to the board as its sole Sri Lankan director two years later.

One of the biggest and most ambitious projects of his career is Altair, which has been conceptualised to be one of the tallest residential towers in Sri Lanka. The project is up for Best Luxury Condo Development (Colombo) and Best Luxury Condo Architectural Design at the 2018 PropertyGuru Asia Property Awards (Sri Lanka) competition.

 

Bringing Colombo to the forefront of global architectural excellence

“Euphoric is the best description of how I feel at being chosen as the first Sri Lankan to be bestowed with this award, more so in light of the exalted company of previous winners from the region,” Moraes said of his selection.

“I would like to dedicate this award to the promoters of Altair for giving me the opportunity and the exposure, and for bringing Colombo to the forefront of global architectural excellence with the iconic edifice that is Altair.”

Moraes believes that Sri Lankan real estate has witnessed “vibrant and sustainable growth,” propelled by consistent capital appreciation and rental yields, changing lifestyles of consumers, and confidence shown by foreign investors.
“I would go a step further and also dedicate my award to all the foreign developers, who, with their investments, declared and demonstrated their faith in Sri Lanka’s real estate industry,” he said.

 

Among elite company

The award puts Pradeep Moraes among the top leaders of the global real estate industry.

Previous winners of this elite award for the Asia Pacific region include former Philippine senate president Manny Villar of Vista Land Group, Thailand’s richest woman Supaluck Umpujh of The Mall Group, American-born Thai magnate William “Bill” E. Heinecke of Minor Hotels, British-Asian billionaire Gulu Lalvani, formerly of Royal Phuket Marina, Indonesian tycoon Candra Ciputra of PT Ciputra Development Tbk, Malaysian entrepreneur Dato’ Seri Abd Wahab Maskan of Sime Darby Property, Myanmar’s top businessman Serge Pun of SPA Group of Companies, Cambodian tycoon Rithy Sear of Worldbridge Cambodia, and Hong Kong’s Dr Allan Zeman, father of Lan Kwai Fong.

 

Using CSR to promote interracial and inter-religious amity

In addition to Moraes’s work at Altair, he has also pushed to promote corporate social responsibility (CSR) in the country.

Among Altair’s ongoing CSR projects include supporting Gangarama Temple initiatives and providing daily meals for the last four years now to 150 religious inmates and staff of the Little Sisters of the Poor (a home for the aged run by Catholic nuns catering to inmates of any religion). Altair also spearheaded the erection of a Hindu shrine in the heart of Colombo, on land belonging to a Buddhist temple, for interracial and inter-religious amity.

The Sri Lanka Real Estate Personality of the Year award will be presented by PropertyGuru’s chief operating officer Jeremy Williams during an exclusive, black-tie gala dinner on 12 July 2018 at the Shangri-La Hotel, Colombo ballroom. Sri Lanka’s Megapolis and Western Development Minister Champika Ranawaka has been confirmed to deliver the keynote address.

More than a dozen companies have been shortlisted for the industry’s highest honours to celebrate excellence in the vibrant Sri Lankan real estate sector. Around 300 guests and select members of the press are attending the historic ceremony.

 

Presentation to HNB Wealth Managers

February 16, 2018

 

 

Altair sponsors 146th AGM of Colombo Club

January 16, 2018

 

Altair, Colombo’s most distinctive luxury living marque, was the sponsor of the 146th Annual General Meeting and gala dinner of the Colombo Club, one of the oldest and most exclusive social clubs in Asia.

As part of its support to this elegant event, Altair sponsored two Business Class return tickets to Singapore and several other prizes presented to the winners of a raffle draw for members of the club. This was the second consecutive year that Altair was associated with this prestigious organisation as the sponsor of its AGM.

Taken from dailymirror.lk

 

Presentation to Standard Chartered Bank Wealth Managers

January 15, 2018

 

Some moments from Altair’s presentation to Standard Charted Bank’s Wealth Managers.

Altair celebrates ‘topping out’ – interior work in full swing

December 12, 2017

 

Altair, the 68-storey luxury residential apartment complex which fronts the Beira Lake in Colombo, recently celebrated its ‘topping out’ to mark the completion of structural work, an important milestone.

Going back to ancient times, the topping out ceremony marks the placement of the last structural steel beam at the final roof height. This important moment also celebrates the accomplishment of the structural construction crews and the transition to interior construction.

“We are now focussed on the façades and the interiors,” said Architect Charu Kokate, Principal at Safdie Architects, which is overseeing the project. Designed by acclaimed international architect Moshe Safdie, Altair is composed of two slender tower blocks which are oriented to the movement of the sun to harness the tropical breezes. The units offer 270-degree breath-taking views of the Beira Lake and the Indian Ocean.

“It is very exciting to see the completed building form tapering elegantly towards the sky. The diagrid structure visually accentuates the slope of the inclined stepped tower. The unique combination of a straight and a sloping stepped tower gives the building a very distinctive appearance and has become a landmark for locals and tourists,” says Kokate, who visits the site regularly to ensure that Moshe Safdie’s design vision is fulfilled in all aspects.

“The diagrid structure is highly rationalised and allows for naturally ventilated and beautifully lit units. The units are very private and with their special entrances are like little houses in the sky,” Kokate explained.

The staggered stepped form of the leaning tower allows for large terraces, which provide prime city and direct ocean views.

At the ground level, an arcade of retail outlets on the west side facing the Beira Lake sets the standard for future lakefront development along the planned pedestrian promenade. Restaurants on a mezzanine level overlook the promenade onto the Lake.

Altair Director Pradeep Sureka said a generous allocation of space for public areas, a feature of high-end buildings, is even more evident in this building. Of Altair’s 1.5 million square feet of space, 828,000 square feet or 55% is residential space. Of the balance, 36,000 square feet is allocated for retail while 636,000 square feet, or 42.5% is public space.

“With the focus moving to the completion of these interior spaces, Altair’s promise of redefining luxury high-rise living in Sri Lanka will soon take physical shape,” Sureka said. He added that Altair has already pleasantly surprised apartment buyers with numerous value additions including Italian Botticino marble flooring, extensive home automation, chilled water air conditioning, double-glazed windows, Duravit sanitary ware from the Philippe Starck designer range, a concierge-serviced reception,central-hot water and state-of-the-art high-speed fibre connectivity solutions.

A one-of-its-kind development in South Asia in terms of architectural design, structural engineering, and living experience, Altair offers its 400 apartments spectacular views of the Beira Lake, the Indian Ocean and the city of Colombo. The building is scheduled for completion in July 2018 and is already 70% sold.

 

Vesak around the Beira Lake, near Gangarama Temple in the vicinity of Altair

May 30, 2017

Moments captured during Vesak 2017 from Altair Residencies the Tallest residential project in Sri Lanka.

A view of the fireworks that went off during the celebrations from the 8th floor of Altair.

Altair goes for Italian marble flooring

May 15, 2017

Colombo’s architectural marvel Altair has announced that its 400 apartments will have floors finished in Italian Botticino marble, following a decision by the developer to upgrade from marble sourced from Central Asia or the Middle East, as originally proposed.

The upgrade at the developer’s own volition, represents a significant value addition at no extra cost to the buyers of the apartments, and demonstrates Altair’s commitment to exceed customer expectations wherever possible, the company said.
Towards this end, Altair Directors Pradeep Sureka and Pradeep Moraes recently visited quarries and processing facilities in Vincenza, Verona, Brescia and Chiampo in Northern Italy, the home of the best Botticino Marble, to handpick suppliers for the project.

Botticino Marble has very low porosity and ferrous content and is extremely hard and robust, making it ideal for installation in the humid conditions of Colombo.
“Our commitment to customers was to provide marble from Central Asia or the Middle East,” Moraes said on his return to Colombo. “However, we are constantly looking at ways of improving our offering, because Altair is intended to be the benchmark in luxury living in Sri Lanka.”

He said Altair has already pleasantly surprised buyers of its apartments by over-delivering on several promises by offering them numerous value additions including extensive home automation, chilled water air conditioning, double-glazed windows, Duravit sanitary ware from the Philippe Starck designer range, a concierge-serviced Reception with Quintessentially Lifestyle and free hotwater.

“Although about two thirds of the construction has been completed, it is our intention to continue to upgrade our offering wherever opportunities arise,” Moraes added.
Now at its 57th level on the vertical tower and the 53rd on the sloping tower, Altair will on completion comprise of a 63-storey tower which leans into a taller, 68-storey tower. Acknowledged as a game changer in contemporary living in Sri Lanka, the Altair building has already brought a new dimension in aesthetics to Colombo’s skyline. It is intended to be a one-of-its-kind development in South Asia in terms of architectural design, structural engineering, and living experience. Altair will offer its 400 apartments spectacular views of the Beira Lake, the Indian Ocean and the city of Colombo. The development’s 1.5 million square feet of high-end eco-friendly living space will be supported by 40,000 square feet of supportive up-market retail space.

Taken from – Ceylon Today