HNB PLC, a prominent private banking institution in Sri Lanka, has embarked on a notable new phase in its mission to facilitate homeownership through a strategic alliance with Union Place Apartments (Pvt) Ltd., a subsidiary of Belluna Lanka. This collaboration was officially established with the signing of a Memorandum of Understanding (MoU) on February 12, 2025, which aims to provide exclusive home financing options for potential buyers of 447 Luna Tower, a fully completed residential project. Situated in Colombo 02, 447 Luna Tower features a thoughtfully designed layout, a prestigious central location, and is ready for immediate occupancy.
As a major residential initiative by Belluna Lanka, 447 Luna Tower merges the confidence of international investors with local know-how, being entirely funded and supported by Belluna. All units are finished and available for immediate move-in, with a limited number of residences currently on the market. This presents a unique opportunity for homebuyers to secure high-quality property in one of the most sought-after areas of the city.
Sanjay Wijemanne, Chief Operating Officer of HNB, remarked, “HNB is dedicated to enhancing the quality of life through meaningful homeownership. Our collaboration with Union Place Apartments for 447 Luna Tower allows families to access homes that align with the modern buyer’s priorities, including quality, functionality, and long-term livability. Our customized financing solutions make this desirable standard of living attainable for those aspiring to own a home.”
With adaptable loan structures, clear procedures, and committed customer service, HNB solidifies its role as a leader in Sri Lanka’s private banking sector while providing access to prestigious residential properties.
Reyhan Morris, Managing Director of Belluna Lanka and Director of Union Place Apartments (Pvt) Ltd, expressed gratitude for HNB’s partnership, stating, “We sincerely appreciate HNB’s collaboration and dedication to this project. By offering dependable financing options, HNB empowers families to realize their homeownership dreams while fostering financial independence. Belluna Lanka has consistently maintained high standards across its developments, and this partnership reinforces that commitment. This initiative provides the community with a concrete chance to secure housing and plan for a stable future, all while enjoying a high quality of life in Colombo.”
This partnership underscores HNB’s dedication to improving quality of life through financial flexibility and tailored homeownership options. By offering structured financing and collaborating with reputable developers, the bank enhances access to premier residential properties while contributing to the ongoing evolution of Colombo into a modern, vibrant, and well-planned city.
Image Caption – HNB Chief Operating Officer/Senior Executive Vice President Sanjay Wijemanne and Reyhan Morris, Managing Director of Belluna Lanka and Director of Union Place Apartments (Pvt) Ltd, are seen exchanging the MoU, accompanied by representatives from both organizations.
