Liberty Plaza in  Rs. 100mn tie-up with foreign investor

* To develop food court, fine  dining restaurants

Liberty Holdings (Pvt.) Ltd, a wholly owned subsidiary of Colombo Land & Development Co. PLC, the developer of the country’s first shopping mall Liberty Plaza, has signed up with a foreign investor to develop a food court and fine dining restaurants, the company said in a statement.

"The food court would be constructed in par with international standards in an extent of 20,000 sq.ft and will accommodate more than 500 guests at a given time, this would be the largest amongst shopping malls in Colombo. The cost of the project would be in the region of Rs. 100 million," the company announced yesterday.

"The construction has already begun and the food court will commence operation by April 2012 for the Sinhala & Tamil New Year.

"This would be the first initiative of CLDC’s group for implementation of their blue print for re-vamping Liberty Plaza. The Food court project will no doubt add value to Liberty Plaza and CLDC group," the company said in a statement.

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