Prime Lands Residencies PLC has successfully acquired the historic Otters Club Car Park property in Colombo 7 through a recent agreement with the Urban Development Authority (UDA). This acquisition marks one of the most significant residential land acquisitions in the district in recent years.
The property is set to be developed into ‘The Elizabeth,’ a landmark residential tower that aims to redefine contemporary living in Colombo 7.
This announcement has been welcomed by clients and investors eagerly awaiting Prime’s next signature development in Colombo 7, following the strong market performance of Grand Ward Place. Demand for a comparable address within the district has remained consistently strong, with limited new supply entering the market.
A Rare Strategic Landholding
Situated on approximately one acre in one of Colombo’s most established residential enclaves, the Otters Club property represents one of the last remaining development-ready land parcels in this tightly held district.
According to the agreement with the UDA, the proposed development will include a ground plus 23-storey residential tower. The historic Otters Club will be thoughtfully integrated within the 4th and 5th floors of the building while remaining fully independent and operational. This integration preserves its members-only heritage while enhancing the stature and cultural significance of the address.
The blend of colonial architecture and contemporary residential design positions The Elizabeth as a future architectural landmark within Colombo 7.
Continuing a Legacy in Colombo 7
Following the successful delivery and strong market reception of Grand Ward Place, The Elizabeth represents the company’s next landmark development within Colombo 7.
While Grand Ward Place established confidence in execution and long-term value creation, The Elizabeth advances this trajectory with greater exclusivity, refined design, and a highly strategic location within the district.
A Private Residential Estate in the Sky
The Elizabeth is envisioned as a private residential estate in the sky, where service, privacy, and considered design redefine everyday living. Residents will enter through a grand concierge-led lobby designed for distinguished arrivals and refined daily interactions, complemented by a dedicated business lounge and meeting suite that extend the functionality of home. At the rooftop level, an infinity-edge pool and landscaped sky garden create a tranquil retreat above the city, accompanied by an intimate champagne and social lounge overlooking the Colombo skyline. A fully equipped fitness pavilion supports modern wellness, while chauffeur facilities and discreet housekeeping services ensure operational ease without compromising privacy. Advanced access control and layered security complete an environment shaped by exclusivity and understated elegance.
Now Open for Reservations
As anticipation builds around this landmark development, The Elizabeth is officially open for reservations. Given the limited scale of the project and the rarity of new residential offerings within Colombo 7, early reservations are expected to be strongly received.
Prospective homeowners and investors are invited to register their interest and secure priority access to this highly anticipated address.
