With a growing trend in vertical living spaces, Astoria is positioned to cater to an elite clientele who not only require the best in modern living, but also indulge in the finer things in life. The project has already seen a growing interest among foreigners and locals alike, who recognize the company’s commitment to meet their every need as a worthwhile investment. Adding convenience to luxury, Astoria is also investing in growing the portfolio of partners at its commercial and retail space located within the premises. This unique opportunity is open to retailers who wish to cater to a niche market segment that indulge in the best that the country has to offer.
What is the opportunity AVIC can provide consumer retailers looking to set up shop at the site?
Hailed as one of the best addresses in Colombo, Astoria is located on freehold land along R.A De Mel Mawatha. This is a prime location for both residents and businesses, offering both convenience and ease of access to many amenities. Following the completion of its residential towers 1 and 2, the property is now opening its doors to commercial retailers and businesses interested in occupying a prestigious space at Astoria. Any vendor that partners with Astoria can also benefit from the adequate parking, up-to-date retail services and 24-hour security available at the property, as well as industry-leading prices for retail space.
What segment of retailers/commercial vendors is AVIC expecting to host at its project site?
Astoria caters to a niche segment of individuals and businesses that are the crème-de-la-crème in Sri Lanka. Created with the best of construction expertise and to international standards, purchasing a commercial space at Astoria will be an investment for the future. The property is on the look out to partner with reputed brands, both locally and globally, to cater to the exclusive needs of its residents. The project itself is a high-end mixed development project that is suited to cater to this esteemed clientele.
Astoria caters to the growing luxury condo market in Sri Lanka. What RoI can retailers expect on their investment in the space, and what is the opportunity available to cater to the needs of this niche market?
The return on investment (RoI) retailers can expect is two-fold: both financially as well as becoming a vendor of repute by partnering with a company renowned or its commitment to excellence. Astoria being a project by a Fortune 500 company also ensures a secure investment for its partners. The visible clientele with the sold apartments is also an assurance of the company’s partnership with reputed brands in all its operations.