Majestic City Explained

Majestic City
Location:Bambalapitiya, Sri Lanka
Coordinates:6.8939°N 79.8547°W
Address:10 Station Road, Bambalapitiya
Developer:C T Land Development PLC
Manager:R. Selvaskandan (Chairman)
J. C. Page (Deputy Chairman/Managing Director)
Owner:C T Land Development PLC
Architect:Gemunu Fernando - Design Group Five International (Pvt) Ltd
Number Of Stores:240
Parking:135 approx.
Floors:5, 2 below ground
Website:http://www.majesticcity.lk/
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C T Land Development PLC
Type:Public
Isin:LK0175N00006
Revenue: LKR146 million
Revenue Year:2022
Operating Income: LKR4 million
Income Year:2022
Net Income: LKR(16) million
Net Income Year:2022
Assets: LKR4,978 million
Assets Year:2022
Equity: LKR3,993 million
Equity Year:2022
Owner:C T Holdings PLC (67.9%)
Parent:C T Holdings PLC
Footnotes:[1]

Majestic City, traded as C T Land Development PLC, is a seven-storey commercial and shopping complex, located in Bambalapitiya, a suburb of Colombo, near the Bambalapitiya Railway Station.

The complex is owned by C T Land Development PLC. The founding chairman of the complex was Albert A. Page. Majestic City incorporates a diverse range of shopping outlets (240), including a food court, supermarket, children's amusement centre, banks and the Majestic Cineplex.

Construction

The complex was designed by Gemmu Fernando of the Design Group Five International (Pvt) Ltd[2] and constructed by Tudawe Brothers Limited. Construction of the three-storey 13000sqm shopping complex, with 88 tenancies, developed around a central atrium was completed in 1991 and formally opened on 4 April.

The second phase of development, comprising a cinema, food court, amusement centre and additional tenancies commenced in May 1993 was opened on 4 December 1994. It was designed by Design Group Five International and constructed by Sanken Construction (Pvt) Ltd at a cost of Rs 171 million.[3]

An LKR176 million renovation of the building was undertaken in 2008, which included modifications to the Galle Road entrance and the atrium, together with a refurbishment of the basement food court.[4]

In 2010 the fifth level of the complex was refurbished, and three new cinemas were added, with the cinemas opening on 4 December that year.

In 2019 the owners of the centre announced that they would be commencing a Rs 450 million refurbishment of the complex, which is expected to be completed by June 2020.[5]

Majestic Cineplex

Majestic Cineplex includes four cinemas managed by Ceylon Theaters (Pvt) Ltd,[6]

Notes and References

  1. Web site: Annual Report 2021/22 . cse.lk . C T Land Development PLC . 28 December 2022.
  2. Current architecture in Sri Lanka. Anjalendram, C.. 26. 1992. Mimar: Architecture in Development. Concept Media Pty Ltd.
  3. Web site: Sanken Construction - Completed Projects List. Sanken Construction (PVT) Ltd. 21 October 2019.
  4. News: Rs. 176 million spent on refurbishment: Majestic City owners defer rent revision by six months. The Island. 19 July 2009. 31 October 2019.
  5. News: Majestic City to undergo Rs.450mn refurbishment. The Daily Mirror. 9 July 2019. 31 October 2019.
  6. Web site: Ceylon Theatres . 2016-01-26 . 2016-01-30 . https://web.archive.org/web/20160130065745/http://www.ceylontheatres.lk/ . dead .
  7. Web site: R. Fernando . Susitha . 2011-12-11 . Majestic Cineplex: The first 3D cinema . 2024-05-29 . sundaytimes.lk.