About Us

East West Properties PLC is a Public Quoted Company with Limited Liability incorporated in Sri Lanka on 18th March 1981 - and re-registered under the Companybs Act No.7of 2007. The Company was listed on the main board of the Colombo Stock Exchange in 1983. The Company's 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.
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The most current development project under the subsidiary, Weligama Hotel Properties Ltd. is the construction of Sri Lankabs first Marriott Resort & Spa Hotel located in the beautiful bay of Weligama, south of the Island. The development consists of 198 rooms with a gross built up area of 350,000sqft. The project is due to be completed early 2017.

The company under its subsidiary East West Engineering Services Pvt Ltd. has diversified into engineering and construction related activities with much of the work currently focused on the turnkey development of the 198 key Marriott Resort & Spa. The company has diversified into the business of ready mix concrete under the brand bEast West Ready Mixb. The operation consists of two ready mix plants located in the south. The company also project management and procurement services.

The media arm of the company operates under the subsidiary, Peoples Media Network which has been issued 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. The company also represents globally recognized brands for studio and transmission related equipment whilst providing turnkey solutions for all radio and television infrastructure requirements.


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Courage

We shall embrace new ideas and businesses

Courage
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Trust

We shall believe in our employees and other stakeholders

Trust
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Commitment

We shall stand by our promises and adhere to high standards of business

Commitment
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Passion

Performing with enthusiasm and energy

Passion
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Result

Consistently achieving goals

Result
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Integration

Working across functions and businesses to create synergies

Integration
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Dedication

Working with commitment in the pursuit of our aims

Dedication
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Entrepreneurship

Seizing new opportunities with initiative and ownership

Entrepreneurship

Chairman's Message

One Vision, One Team

One Vision, One Brand


Chairman's Message

We are very happy to announce that this was the first financial year that Hotel Income added to our Group Revenue. The Group recorded LKR 1,002 Mn Revenue which was 90% higher than the last year. Hotel recorded turnover of LKR 685 Mn from the first 8 months of hotel operation. LKR 317 Mn was recorded from Rental, Infrastructure, Construction and Trading. During the financial year under review the Hotel maintained average occupancy of 70% from the first year of operation. Warehouse and self storage were successful with continued tenancy, we had high demand for ready mix concrete and unbeaten growth in broadcasting and media sector. The Group has further received LKR 14 Mn Other Income and LKR 18.6 Mn of Finance Income during the Financial Year.

Future Outlook
Our future plans will focus on maintaining above 70% average occupancy with a good average room rate from our Weligama Bay Marriott Resort & Spa, also enhancing profitability of our warehouses and self storage, by providing maximum service to the clients, expand supply of ready mix concrete by securing a number of new sites and enhance infrastructure facilities of our transmission sites of Peoples Media Network (Pvt) Ltd.

Appreciation
I am confident the future plans that we have made will ensure sustainable growth in future years. As we completed another successful year, I would like to express my gratitude to all our Clients, Suppliers and Business partners who have contributed in many ways towards making this year successful and to our valued shareholders for their continued support and confidence in the success of the Company.


Board of Directors

Mr.Sooriyaarachchi holds Higher National Diploma in Accountancy and he is following Final Level Examination of the Institute of Chartered Accountants of Sri Lanka. He has around 9 years experience with East West Group of Companies. He is also a Director of Peoples Media Network (Pvt) Ltd, and Infrastructure Developers PLC.
Vijitha Wijesuriya currently serves as the Managing Director of East West Properties PLC, in his current role he oversees the design and development of a 200 key Marriott Resort & Spa in Weligama Bay, Sri Lanka, which is due to commence operations in July 2016. He is also spear heading the groups hospitality expansion to a further 1200 keys across 5 properties around Sri Lanka. His work also involves managing the funding for the groups hospitality related investments and in 2014 successful concluded the Series A funding for the groups expansion. He has previously served on the board of the Ceylon Continental Hotel, Sri Lanka’s first 5 Star hotel property. Vijitha holds a Bachelor of Science from Imperial College, London and is an Associate of the Royal College of Science.
Anika Wijesuriya holds a BA Honors Degree in Finance and Economics from the University of Durham (UK), where she continues to be an Associate of the Durham Business School. She was a Director at Hotel Services Plc where she gained substantial experience in hotel administration, finance, sales and operations. She is also a Director of East West Properties Plc.
Nahil Wijesuriya is a Professional Engineer specializing in Mechanical and Productions Engineering. He gained his professional qualifications from The Leicester College of Technology (UK). Following his graduation he began working with P&O Shipping Lines (UK), eventually moving on to become the Chief Engineer at Ceylon Shipping Corporation. In 1975 he became Deputy Chief Engineer of the Colombo Dockyard. In 1977 he founded the East West Group of Companies. Through this Parent company, he founded many successful businesses in Sri Lanka including TV broadcasting channels, ETV1 and ETV2, now known as Swarnavahini; East West Information Systems now known as EWIS. He has also completed several substantial property developments having successfully speculated the London and Singapore property markets.
Mrs.Vijayanthi Jayasinghe has completed her Licentiate Examination conducted by Institute of Chartered Accountants of Sri Lanka. Her experience extends over 15 years, working for Tabasco Distributors (Pvt) Ltd., VS & Associates and Teleconsult Lanka (Pvt) Ltd. She has been part of the East West Group of companies for over a decade, joining our team in 1998.
Mr. Vajira Wijesuriya has a Bachelors degree in Computer Science from the University of Warwick, UK and a British Private Pilots Licence. Vajira has vast experiences in Real Estate, Aviation, Finance and Travel. During his time with the East West Group in 2000, he was in charge of marketing office and warehouse space belonging to the group. Subsequently, he obtained an Aircraft Operators Certificate and operated an International Cargo Airline. During this time he also setup a travel agency for the group. Vajira worked at Amba Research as an Associate Vice President doing financial equity research in 2003, during which time he completed 2 levels of the Chartered Financial Analyst Program. He has also worked at London Heathrow Airport for Menzies Aviation Group, UK in all aspects of Aircraft Ground Handling Operations.
Mr D Sunil AbeyRatna counts over 40 years of experience in the fi eld of Finance, Audit and Tax. He is a Fellow of The Institute Of Chartered Accountants of Sri Lanka. The Inst itute of Management Accountants of UK and Certified Management Accountants of Sri Lanka. He is also a me mber of the Certified Management of Accountants of Australia and has a Doctorate in Philosop hy from the University of Honolulu USA. He is the Sole Proprietor of AbeyRatna & Co Chartered Accountants and a Director of AGN International Ltd – UK, which is the 4th Largest Independent Accounting Association in t he world based in over 108 countries and 478 Office locations.
He is also a Director of KBSL Information Technologies Ltd, Rosewell In vestment (Pvt) Ltd, Carplan Ltd and KIA Motors (Lanka) Ltd And the Managing Director of Lankem Tea & Ru bber Plantations (Pvt) Ltd, Nawaloka Hospitals PLC, Agarapatana Plantations Ltd And Kotagala Planta tions PLC.

Corporate Office
#12-01,
East Tower, World Trade Center,
Colombo 1, Srilanka.
Location

 +94 11 2 43 77 55
  +94 777 787 994
 +94 11 2 43 20 40    admin@eastwest.lk

Peliyagoda Warehousing complex
81/11 3rd Lane,
New Nuge Road,
Peliyagoda, Sri Lanaka
Location

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