East West Properties Plc (Sri Lanka)

East West Properties PLC is a Public Quoted Company with Limited Liability incorporated in Sri Lanka on 18th March 1981. The company was listed on the main board of the Colombo Stock Exchange in 1983. Its core business is in real estate development and generating rental income from warehousing and commercial office space. The company owns 5 acres of land in Peliyagoda, of which 2 acres have been developed into 100,000 sqft of warehouse spaces. The remaining 3 acres has been leased to Ultra Tech Cement Company. Under its subsidiary, Weligama Hotel Properties Ltd., the company is currently constructing Sri Lanka's first Marriott Resort & Spa Hotel in Weligama. The development consists of 198 rooms with a gross built-up area of 350,000 sqft. The project is expected to be completed in early 2017. The company has also diversified into engineering and construction activities through its subsidiary, East West Engineering Services Pvt Ltd. It is currently focused on the turnkey development of the Marriott Resort & Spa. Additionally, the company operates in the ready mix concrete business under the brand "East West Ready Mix" with two plants located in the south. The company also provides project management and procurement services. The media arm of the company operates under the subsidiary, Peoples Media Network. It has licenses and frequencies for the operations of a radio and television station network. The company manages and operates 5 transmission sites located in Colombo, Hunnasgiriya, Karagahatenna, Nayabedda, and Gongala. It also represents globally recognized brands for studio and transmission related equipment and provides turnkey solutions for all radio and television infrastructure requirements.