Thilan Wijesinghe, the Founder and Executive Chairman of TWC, has declared the appointment of Theekshana Jayarathna as the new Chief Executive Officer of TWC Development Management (Pvt) Ltd (TWCDM). This move is part of the Group’s strategy to enhance its leadership structure in response to the growing demands of its domestic and regional operations.
TWC Development Management focuses on executing intricate real estate projects from inception to completion, turning both land and existing properties into sustainable and economically viable assets. The company offers a comprehensive suite of development management services, which includes development strategy, project feasibility studies, financial and investment structuring, securing regulatory approvals, design management, construction supervision, marketing strategies, operational readiness, and asset stabilization.
In his remarks about the new appointment, Thilan Wijesinghe stated, “Theekshana’s appointment signifies the ongoing growth and transformation of our development management division. His extensive technical and financial knowledge across various real estate asset classes has enhanced our capacity to provide substantial value to our clients, which include local corporations, family offices, and international investment funds.”
Before joining TWC in 2022, Theekshana Jayarathna accumulated 14 years of experience at John Keells Group, where he served as Assistant Vice President and Head of Asset Management & New Business Development. During his tenure, he gained a wealth of experience in all areas of development management and was instrumental in numerous apartment, hotel, and retail developments, including the Cinnamon Life project, collectively valued at around USD 1.5 billion.
Upon his appointment, Theekshana Jayarathna expressed, “I am thrilled to take the helm of TWC Development Management at a pivotal moment for Sri Lanka’s real estate and tourism sectors, which are poised for new opportunities. Our goal is to become the preferred partner for investors and developers seeking comprehensive, commercially viable development management solutions that optimize value throughout the project lifecycle. With the corporate finance expertise of the broader TWC Group, we are eager to create innovative, sustainable, and profitable developments that deliver lasting value to our clients and stakeholders.”
Theekshana holds qualifications from the Chartered Institute of Management Accountants (UK) and has also completed studies in Quantity Surveying and Building Economics at the University of Reading (UK).
TWCDM has been a key player in several significant transactions, including serving as the sell-side advisor in the historic USD 96 million sale of the 5 Marina Plots at Colombo Port City to Browns Investments, marking the largest land sale transaction in Sri Lanka’s history. The firm is currently engaged in advising on a portfolio of tourism, hospitality, and commercial real estate projects with a total value exceeding USD 120 million.
TWCDM collaborates closely with TWC Capital (Pvt) Ltd, the Group’s corporate finance division led by CEO Rasanja Perera. TWC Capital specializes in mergers and acquisitions and capital raising, and is currently involved in hospitality and corporate finance projects with clients from India, Singapore, the Middle East, and Sri Lanka.
