Asia Leisure, a fully-owned subsidiary of the Asia Capital Group on
Friday announced a strategic tie-up with Teoria Investments of Japan,
through which Teoria Investments will be making an initial investment of
approximately US$ 2 million into ‘Taprobana,’ Asia Leisure’s property
in Balapitiya which is currently under construction.
The agreement in this regard was signed by Stefan Abeyesinhe, Director/Acting CEO of Asia Capital PLC and Shigenori Shinagawa, CEO of Teoria Investments, a Japanese asset management company. This is the company’s first investment in Sri Lanka and marks the company’s diversification into new sectors and can be seen as a strategic private equity investment by the firm.
Speaking about this tie-up, Stefan Abeyesinhe, Director/Acting CEO of Asia Capital said, “This is a very strategic tie up for both the tourism industry of Sri Lanka as well as for our company and marks the first of several projects in the pipeline. We are looking at a large sphere of projects in the future and are looking forward to working with Teoria Investments again.”
Shigenori Shinagawa, CEO of Teoria Investments said, “We are honored and proud that Teoria Investments is acting as a bridge between Japan and Sri Lanka through our investment in this project. We are very excited by what the future holds.”
Asia Wealth Management Company (Pvt) Ltd was the financial advisors to structuring the partnership.
Asia Leisure owns and operates three properties, The Park Street Hotel – Colombo, The River House – Balapitiya and the Tamarind Hill – Galle and is currently constructing two more properties in Wadduwa and Balapitiya. The River House was the first ever Sri Lankan property to be featured in Conde Nast Traveller’s exclusive annual Hot List (2005) as one of the ‘Hottest’ new hotels in the world and Robb Report Recommended 100 Ultimate Luxury Escapes for the second consecutive year.
Teoria Investments is a boutique asset management company based in Tokyo with operations in Thailand as well. Teoria, which means happiness, was started in June 2009 by Shigenori Shinagawa, an asset management professional counting 10 years of experience in the field. Teoria Investments prides itself on having a young and dynamic team of individuals.
The agreement in this regard was signed by Stefan Abeyesinhe, Director/Acting CEO of Asia Capital PLC and Shigenori Shinagawa, CEO of Teoria Investments, a Japanese asset management company. This is the company’s first investment in Sri Lanka and marks the company’s diversification into new sectors and can be seen as a strategic private equity investment by the firm.
Speaking about this tie-up, Stefan Abeyesinhe, Director/Acting CEO of Asia Capital said, “This is a very strategic tie up for both the tourism industry of Sri Lanka as well as for our company and marks the first of several projects in the pipeline. We are looking at a large sphere of projects in the future and are looking forward to working with Teoria Investments again.”
Shigenori Shinagawa, CEO of Teoria Investments said, “We are honored and proud that Teoria Investments is acting as a bridge between Japan and Sri Lanka through our investment in this project. We are very excited by what the future holds.”
Asia Wealth Management Company (Pvt) Ltd was the financial advisors to structuring the partnership.
Asia Leisure owns and operates three properties, The Park Street Hotel – Colombo, The River House – Balapitiya and the Tamarind Hill – Galle and is currently constructing two more properties in Wadduwa and Balapitiya. The River House was the first ever Sri Lankan property to be featured in Conde Nast Traveller’s exclusive annual Hot List (2005) as one of the ‘Hottest’ new hotels in the world and Robb Report Recommended 100 Ultimate Luxury Escapes for the second consecutive year.
Teoria Investments is a boutique asset management company based in Tokyo with operations in Thailand as well. Teoria, which means happiness, was started in June 2009 by Shigenori Shinagawa, an asset management professional counting 10 years of experience in the field. Teoria Investments prides itself on having a young and dynamic team of individuals.
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