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Sri Lanka’s tallest A-grade office complex, MAGA ONE achieves full occupancy

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MAGA ONE, Sri Lanka’s tallest A-grade office complex developed by the Country’s largest construction company, Maga Engineering, has reached full occupancy within its first year of operations, making it the leading choice for global and local corporates.

A testament to MAGA ONE’s unmatched offering, the building is now home to multinational giants such as Chevron, Pearson, AkzoNobel, Wiley Global, and Wabtec Corporation, together with trailblazing Sri Lankan startups such as eMarketingEye and Digital Mobility Lanka. The latter is behind Sri Lanka’s fastest growing and largest ride-hailing service (PickMe).

Standing at 33 floors, the building is a state-of-the-art, purpose-built business tower with an array of modern, sustainable features, which is strategically located in Colombo 05, between Sri Lanka’s central business district and administrative capital Sri Jayawardenapura, Kotte.

The office complex has been built with Universal Design principles, comprehensively addressing the needs of tenants, customers, and people with diverse abilities: this holistic approach has been adopted in its environment, technologies, and processes. A perfect blend of aesthetics and functionality, MAGA ONE offers world-class corporate amenities designed to international standards, incorporating high quality finishes, advanced technologies, and smart, multi-functional work spaces that facilitate efficient interior fit-outs. The building also comprises a restaurant, entertainment zones, and innovative public spaces, whilst a gymnasium will soon be added.

With high-speed elevators, decentralised climate control and advanced lighting systems, MAGA ONE’s high-tech building management system provides flexibility and ensures optimum energy efficiency. All of the above resulted in the property being recognised at the Asia Property Awards 2018 as the Best Office Complex and the Best Green Development.

Commenting on its success, Chairman and Managing Director of Maga Engineering Mr. M. G. Kularatne stated “we are delighted to reach full occupancy at MAGA ONE, a one-of-a-kind property that offers our tenants the perfect blend of office amenities, word class technology, and ultimate convenience. MAGA ONE has been an exciting project since inception, and we take pride in achieving this milestone; a testament to the hard work that went into creating a benchmark in Sri Lanka’s commercial space. Moreover, we were able to deliver on our promise to create a minimalist yet sophisticated building that fits well within the character of Colombo city.”

“Despite challenging economic conditions and being a new entrant in the market, MAGA ONE stood as the preferred choice amongst competing commercial properties, as we offered value to our tenants beyond a typical office space” noted the Head of Sales & Marketing of Maga Engineering, Mr. Tuan Fawaz. “Furthermore, in the face of multiple security concerns that prevailed in the past months, we responded swiftly with heightened security features, offering our tenants absolute peace of mind to excel in their work.”

The complex was designed and built by Maga’s in-house teams in partnership with architect OENS Design Studio. Maga Engineering has successfully delivered over 500 multidisciplinary projects in Sri Lanka and overseas, building a diverse portfolio of work in real estate, transport, water supply, healthcare, leisure, and commercial sectors.

Aster Residencies Nugegoda Nears Completion

  • Aster

Aster Residencies (Pvt) Ltd announced the completion of the building structure of its flagship residential project in Nugegoda, the 10-storey Aster Residencies. Located in the tranquil environs of Poorwarama Road, Nugegoda, the building is scheduled to be completed in November this year. This BOI approved condominium project has come to life as a joint venture between Aster Residencies (Pvt) Ltd and Maga Engineering, the leading construction company in the country.

The apartment complex encompasses 10 residential floors which offer 2 and 3 bedroom apartments equipped with high quality finishes and modern fittings. The layout of each apartment has been thoughtfully designed to maximize the use of floor space, and the result is a fully-fledged abode of your dreams. There are 50 apartment units in total. The objective of project has been to offer high quality yet affordable apartments which are designed to cater to the needs of corporate sector managers, executives and entrepreneurs who seek a high standard of living, coupled with convenience and quick access to the city of Colombo.

Commenting on the project, Chairman & Managing Director of Mäga Engineering Mr M. G. Kularatne said, ‘We commenced this project in July 2017 and I am pleased note that the project is progressing on schedule. I would like to commend our dynamic project team for their commitment to deliver an affordable yet high-quality apartment complex, a rarity in the market today. The project’s vision has been to combine good design, exceptional quality, a broad range of amenities, right location and affordable pricing – the realisation of these five factors has manifested through the overwhelmingly positive response the project has generated.”

Assured with all the comforts of modern living, the residents of Aster Residencies will have access to a range of high-end lifestyle amenities such as a swimming pool, kids’ play area and pool and a modern gymnasium. The rooftop features modern recreational spaces, including a BBQ area for residents to hold social events. The complex also provides CCTV monitoring with 24-hour security that ensures privacy and safety of residents. All apartments offer facilities such as hot and cold water, air conditioning, gas system with individual meters, reliable fire protection and alarm systems and high-speed broadband/entertainment connectivity. The apartment complex also includes service balconies, a separate maid’s room and washroom, differently-abled access, driver’s rest rooms and a fire command centre.

“Despite a challenging market, the project has been a success due to the quality of housing solutions we have offered at a competitive price point, to buyers who seek to reside in the bustling town of Nugegoda”, noted the Head of Sales of Aster Residencies (Pvt) Ltd Mr Tuan Fawaz said. “The location was also a key driver for our success, and we have been able to complete over 70% of sales. We invite buyers who dream of owning a quality apartment close to Colombo to visit our model apartment and witness the project first-hand.”

Prospective buyers can reach Aster Residencies through 077 008 8800 or 077 009 9933 and arrange a visit to the location.

 

 

 

 

 

 

Maga completes Rs 6 Billion Water Works in 2018

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Maga Engineering, Sri Lanka’s leading construction company, completed Rs. 6 billion worth of work in the water sector in the year 2018, delivering few projects of national importance in the process.

Underscoring the significance on achieving United Nation’s Sustainable Development Goal to access affordable drinking water for all citizens, Government of Sri Lanka has given top priority to developing the country’s water infrastructure. Accordingly, these projects aim to build and modernise the municipal and rural water infrastructure in the country. At the same time, they are an intermediary step towards the eventual goal of providing a safe drinking water to 100% of the urban and rural population, whilst creating the industrial infrastructure required for further economic development.

The first of these projects is the Galagedera-Mawathagama Water Supply Project, implemented by the National Water Supply & Drainage Board of Sri Lanka (NWSDB), at a value of Rs. 3.2 billion with the support of DFCC bank. The project involved the construction of a 1000m³ capacity elevated tower, a 450m³ capacity ground reservoir and supply and laying of 250mm diameter DI & HDPE transmission line of 27km, along with 131 km long distribution system. Now substantially completed, the project will provide pipe borne water supply to an estimated population of 20,000 in the eastern part of the Kurunegala District including Galagedara and Paragahadeniya and Mawathagama area of Kandy District.

During the year, Maga also completed the supply and laying of a purific water pipeline along the Extension of Southern Expressway Section 4 From Mattala to Hambantota under the Road Development Authority and China Habour Engineering Company.

The company is presently completing the Towns East of Colombo Water Supply Project (Package 2), implemented by the NWSDB at a value of 4.8 billion rupees with the assistance of the Bank of Ceylon. The project comprises the construction of a ground reservoir of capacity 18,000m³ and the supply and laying of 1,000 mm diameter DI transmission line of 8km and HDPE line of 7km from Iridapola Junction to Meepe. In whole, the Towns East of Colombo Water Supply Project aims to serve a population of 375,00 in the eastern parts of Colombo District including Padukka and Horana.

In addition to the above, Maga is presently executing the civil works of the Kelani Right Bank Water Supply Project (Stage Two) under the Main Contractor of the project Suez International of France. The project’s main civil works is valued at LKR 8.5 billion and it includes a 180,000m³ water treatment plant of latest technology, a treated water pumping main and a 35km long transmission line. Critical to maintaining and expanding the water supply of the western province, namely north eastern regions of Colombo and Gampaha, the project will benefit 1 million residents in Biyagama, Kelaniya, Kiribathgoda, Kadawatha, Ragama, Wattala, Kandana, Ja-Ela, Seeduwa and Ganemulla areas.

Commenting on the aforementioned projects, Maga Engineering Chairman & Managing Director Mr M. G. Kularatne stated, "We are excited by the opportunity to support the efforts to augment the country’s water supply at this critical juncture in Sri Lanka’s development trajectory. Along with the NWSDB and our industry partners, we are committed to complete these projects on schedule and bring uninterrupted supply of high-quality drinking water to resident communities, and realise the Government’s vision to provide 100% access to clean water by the year 2025.’’

With a workforce over 12,000, Maga Engineering has completed 525 multi-disciplinary projects in building and infrastructure sectors in Sri Lanka and abroad. Focused on the ethos of sustainable development, Maga holds the platinum rating in the country’s corporate accountability rating.

Maga Wins at IESL Engineering Excellence Awards 2018

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Sri Lanka’s leading construction company Maga Engineering was awarded the prestigious ‘Excellence in Engineering Award’ for the fifth time in recognition for its excellence in the large-scale construction sector, at the coveted Excellence in Engineering Awards for 2018 which was held recently at the BMICH in Colombo. Organized by the Institution of Engineers Sri Lanka (IESL), the event was graced by the Commander of the Sri Lanka Army Lieutenant General Mahesh Senanayake as the Chief Guest amidst leaders of the engineering fraternity of Sri Lanka.

These awards are carried out to honour the most distinctive engineering personalities and institutions which have demonstrated excellence in their related academic disciplines and businesses whilst contributing to the economic growth of the country.  With this achievement, Maga Engineering becomes the organization which has achieved the highest number of accolades at the IESL Engineering Excellence Awards.

Commenting on the award, Chairman & Managing Director of Maga Engineering Mr. M G Kularatne said, "The award represents a major achievement for us at Maga and underscores Maga’s continued success as the leading institution in the construction sector and demonstrates our contributions towards the development of innovative engineering solutions, addressing the needs of our clients whilst supporting economic development of the country. The recognition is an important catalyst for continued success. I would like to thank all our employees, clients and stakeholders for their outstanding efforts during the past few challenging years. The satisfaction of our customers and stakeholders represent the cornerstone of our values. Going forward, we aim to set further benchmarks in the industry by constantly challenging and reinventing ourselves." 

Maga is home to a workforce of over 10,000 and boasts a dynamic team that consists of 300 engineers. The company successfully rolled out an integrated resource management system across the organization: With a focus on bringing construction technology, business processes and people together to achieve optimal business results, it has helped the company to drive systems optimization, eliminate inefficiencies, reduces costs and optimize value generation across the board.  During the last few years, the company has completed several large-scale projects such as the NSBM Green University Town, 47-storey green building Clearpoint Residencies and 78-kilometre Ambepussa-Kurunegala-Trincomalee Road (A006) from Ambepussa to Galewela, while commencing work on several other iconic projects such as the Prime Grand Apartment Complex, Kelaniya Right Bank Water Supply Project, Central Expressway from Maditiyawala to Kurunegala and Southern Expressway from Matara to Beliatta, to name a few.  

The above award also endorses Maga’s investments in developing its supply chains and communities across the country over the last few years. The company remains focused on service and product excellence and is committed to its vision of creating lasting socio-economic value for all stakeholders.  Being a multidisciplinary construction company, Maga is readily available to offer diversified range of construction and allied services for the prosperity of real estate, manufacturing, public infrastructure and commercial sectors in Sri Lanka.

Caption: The Chief Executive Director of Maga Engineering Mr. Piyadasa Madarasinghe receiving the award from the Commander of the Sri Lanka Army Lieutenant General Mahesh Senanayake. The President of the Institution of Engineers Sri Lanka Prof. T M Pallewatta (middle) is also seen in the picture.

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