Unity Plaza
Unity Plaza is known as the one-stop destination in the country for all IT-related needs, strategically located on Galle Road, Bambalapitiya. The premises boasts five floors of I.T. retail shops, computer repair centres, and five floors of commercial offices.
Our Investment Strategy
Unity Plaza has been the leading one-stop shop for all IT-related items and has maintained its competitive advantage over other commercial properties. The rental rates were below market benchmarks, providing investors with an opportunity to unlock value. With further ongoing development, there is immense potential towards unlocking further value.
The property was purchased during the pandemic through an acquisition via a company takeover where the underlying asset was mispriced. An extensive refurbishment of the common demise was carried out whilst driving the rents. Asset management increased the ERV by 98%, with the potential to develop the upper floors into residential spaces.
