Thornton and Dane wins Rs 1.8 billion contract to build JAT Property Group’s ‘146 Residencies’
Thornton and Dane Engineering has announced it has been awarded the Rs 1.8 billion contract to build ‘146 Residencies’ – the latest residential development of JAT Property Group (Pvt) Ltd.
The Nextventures owned civil engineering company was chosen from five shortlisted bidders to construct the 14-storey edifice at Thalawathugoda, which on completion will comprise of 112 apartments on 10 residential floors supported by the ground floor and three floors of parking.
Thornton and Dane Engineering was incorporated in September this year, following the acquisition by Thornton Engineering of Dane Engineering (Pvt) Ltd., creating a construction business with a combined portfolio of Rs 5.9 billion. The construction of ‘146 Residencies’ is the first major contract awarded to the Company after the merger.
“Winning this contract is an auspicious beginning for Thornton and Dane,” the Company’s Managing Director MrDeepthi Perera commented. “It validates our rationale that the combined strengths of Thornton and Dane represent a formidable as well as extremely flexible engineering entity that is capable of executing projects of varying scope and scale.”
Of the two companies that make up Thornton and Dane, Dane Engineering is registered with ICTAD of Sri Lanka as a Grade C1 contracting company and is ISO 9001 certified. Dane Engineering employs 400 people and focuses principally on vertical and horizontal condominium projects, housing projects, hotels, office buildings and bridge, road and water supply construction projects and has developed extensive capabilities in the execution of mechanical as well as structural steel and Aluminium fabrication and horizontal directional drilling.
To be built on 92 perches of prime real estate, ‘146 Residencies’ will be designed by the veteran architectural firm Design Consortium Limited (DCL). It will offer two-, three- and four-bedroom apartments ranging from 688.6 square feet to 2,367.2 square feet and features such as an 8,800 square foot rooftop and common facilities ranging from a swimming pool, barbeque area, a kids’ playground, a gym and a private recreational space.
Thornton and Dane has committed to complete the project in two years from the date of commencement of construction. No stranger to meeting challenging construction deadlines, Dane Engineering is recognised for its completion of the University College of Ratmalana in just 180 Days.
Among the company’s other achievements are its appointment as the construction partner in the Homagama Park Lane project, a horizontal condominium project comprising of 74 luxury villas; Loft Residencies – Colombo, the Central Park Ja-Ela, and the Kelsey Homes projects at Kottawa and Ja-Ela.Some of its infrastructure projects include a World Bank-funded road development project in the Sabaragamuwa Province and several bridges in the Central Province.
The Board of Directors of Thornton and Dane comprises of Messrs.Dinesh Schaffter (Chairman),Deepthi Perera (Managing Director), PiyalHennayake (CEO),SivasothySitharthan and Eng. K. P. I. U. Dharmapala.