Overseas Realty

What Overseas Realty does

Overseas Realty (Ceylon) PLC is a publicly listed Sri Lankan real estate development and investment holding company, founded in 1980 and majority-owned (89%) by Singapore-based Shing Kwan Group since 1991. The company operates across three business segments: Property Leasing (World Trade Center Colombo, Mireka Tower, Havelock City Mall), Property Trading (Havelock City Residential with 1,087 luxury apartments across eight towers completed in 2021, and the new Mireka Seascape coastal development), and Property Services (facility management, real estate agency, and building materials trading through wholly-owned subsidiaries Realty Management Services and Overseas Realty Trading). Its core technology stack includes ISO 50001:2018-certified energy management systems, computerized car park and elevator systems, high-efficiency water-cooled centrifugal chillers using low-GWP R-514a refrigerant, and LEED Gold-certified sustainable buildings. The firm serves enterprise tenants (multinational corporations, financial institutions, and government bodies), high-net-worth residential buyers, retail consumers at Havelock City Mall, and third-party property owners requiring facility management. Revenue mechanics combine recurring rental income from Grade A commercial and retail space, one-time residential apartment sales, and managed services fees, with Group Revenue of Rs 11,944 million in 2025, a 49% year-on-year increase, and Q1 2026 Profit Before Tax of Rs 1,926 million.

Name

Overseas Realty

Legal name

Overseas Realty (Ceylon) PLC

Website

https://orcl.lk

Company type

Public

Founded year

1980

Operating status

Operating

Short description

Overseas Realty (Ceylon) PLC is a Sri Lankan-listed real estate developer and investment holding company operating Grade A office, luxury residential, retail mall, and facility management businesses, anchored by the World Trade Center Colombo and Havelock City integrated development.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Development

NAICS

Lessors of Other Real Estate Property (53119), Other Activities Related to Real Estate (531390)

SIC

Lessors Of Real Property, Nec (6519), Real Estate Dealers (For Their Own Account) (6532), Investors, Nec (6799)

akta.pro primary industry

Office Real Estate Asset Management (BPAJAMAG)

Keywords

• Commercial property leasing
• Luxury residential development
• Integrated facility management
• Mixed-use real estate
• Grade A office space

Headquarters

HQ city

Colombo

HQ country

Sri Lanka

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Marketing or Sales, Supply Chain

Revenue model

1. Property Leasing: Recurring rental income from commercial office space (World Trade Center, Mireka Tower) and retail space (Havelock City Mall). Revenue of Rs 2,865 million in 2025 from World Trade Center alone.
2. Property Trading (Residential Sales): Sale of luxury residential apartments at Havelock City. Completed in 2021 with 1,087 units across 8 towers. Revenue of Rs 2,824 million in 2025 from residential sales.
3. Facility Management Services: Property management, development management, asset management, energy management and advisory services through wholly-owned subsidiary Realty Management Services Pvt Ltd. Manages over 10 million sq. ft. of properties.
4. Real Estate Agency Services: Buying, selling and letting properties through Realty Management Services
5. Trading Services: Building material solutions including lighting and control systems, LV distribution and protection solutions through Overseas Realty Trading Pvt Ltd. Exclusive distributor for NVC Lighting, FARO Barcelona, and other international brands.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

Overseas Realty (Ceylon) PLC is a real estate investment and development holding company that owns, leases, and sells premium commercial and residential properties in Colombo, Sri Lanka. Its core revenue is generated through long-term Grade A office leasing (World Trade Center Colombo, Mireka Tower), luxury residential development and trading (Havelock City Residential, Mireka Seascape), and recurring property services including facility management, agency, and trading through subsidiaries Realty Management Services and Overseas Realty Trading.

Product overview

Overseas Realty (Ceylon) PLC is a premier real estate development and investment holding company listed on the Colombo Stock Exchange. The company operates through three main business segments: Property Leasing (commercial office and retail space), Property Trading (residential apartments and villas), and Property Services (facility management, real estate agency, and trading). Key assets include the World Trade Center, Colombo (premier commercial office complex), Mireka Tower (50-storey Grade A office building), Havelock City Mall (international-standard retail mall with Sri Lanka's only IMAX cinema), Havelock City Residential (1,087 luxury apartments across eight towers), and Mireka Seascape (168-unit luxury coastal development). The company's property services arm provides integrated facility management, real estate agency services, and building material trading through subsidiaries including Realty Management Services Pvt Ltd and Overseas Realty Trading Pvt Ltd.

Differentiator

Problem solved

Functional benefit

Products and services

• World Trade Center Colombo

Quantifiable outcome

• 49% increase in Group Revenue to Rs 11,944 million in 2025
• +3 more outcomes

Named customers15 records

Segments4 records

Ideal customer profiles2 records

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Ten partnerships are on record, tiered core, flagship and minor.

• Bank of CeyloncoreStrategic or Co-development PartnerJoint venture partner in Mireka Capital Land (Pvt) Ltd for the Havelock City commercial development project. Bank of Ceylon, Sri Lanka's largest commercial bank, partnered with Overseas Realty Ceylon for the USD 166 million commercial development comprising Mireka Tower and Havelock City Mall.
• World Trade Centers Association (WTCA)flagshipOEM/ Whitelabel/ Licensing PartnerLicensor of the iconic global 'World Trade Center' and 'WTC' trademarks. The exclusive license enables Overseas Realty to use the distinguished WTCA brand which spans over 325 World Trade Centers across 100 countries.
• NVC LightingcoreChannel Partner/ Reseller/ DistributorExclusive distributor in Sri Lanka for NVC Lighting - the largest lighting manufacturer in China offering innovative indoor, outdoor and decorative lighting solutions.
• FARO BarcelonacoreChannel Partner/ Reseller/ DistributorExclusive distributor in Sri Lanka for FARO Barcelona - a designer European brand with over 60 years of experience offering decorative fans and indoor lighting products for luxury architectural designs.
• A+ Plastic TurkeyminorChannel Partner/ Reseller/ DistributorExclusive distributor in Sri Lanka for A+ Plastic products from Turkey.
• MEGADUCT MalaysiaminorChannel Partner/ Reseller/ DistributorExclusive distributor in Sri Lanka for MEGADUCT products from Malaysia.
• ARDIC TurkeyminorChannel Partner/ Reseller/ DistributorExclusive distributor in Sri Lanka for ARDIC products from Turkey.
• A.N. Wallis UKminorChannel Partner/ Reseller/ DistributorExclusive distributor in Sri Lanka for A.N. Wallis products from UK.
• ARROWminorChannel Partner/ Reseller/ DistributorExclusive distributor in Sri Lanka for ARROW products.
• Turner Steiner (USA)coreStrategic or Co-development PartnerWorld's leading construction company engaged to construct the World Trade Center, Colombo twin towers, ensuring highest standards of quality.

Scale indicators13 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Macrotech Developers (Lodha): India's largest listed residential real estate developer delivering large-scale, branded luxury integrated developments. Comparable to ORCL in building a premium residential brand and integrated mixed-use developments at city scale.
• Oberoi Realty: Mumbai-listed luxury and Grade A office developer with a similar 'one-city, premium-address' playbook. Comparable in concentrated prime-location residential plus commercial office development strategy.
• Godrej Properties: India-listed residential and commercial developer (subsidiary of Godrej Group). Comparable as a premium brand-led South Asian residential developer with commercial developments.
• John Keells Holdings (John Keells Properties): Sri Lankan conglomerate with a material property development arm (incl. residential and commercial projects in Colombo). Most directly comparable local peer given shared Colombo CBD focus and mixed-use development activity.

Broad incumbents

• DLF Limited: Large Indian listed developer with Grade A commercial offices, retail and luxury residential in major metros. Comparable as a developer-operator with a recurring income office leasing business plus premium residential inventory.
• Frasers Property: Singapore-listed multi-asset real estate operating company with offices, retail and serviced residences across Asia. Comparable given Shing Kwan Group's Singapore base and ORCL's Grade A office + retail + residential portfolio mix.
• City Developments Limited (CDL): Singapore-based real estate holding/operating company with international Grade A office and residential assets, including via its Millennium & Copthorne Hotels arm. Comparable as a multi-decade, Asia-focused real estate holding group with significant leasing exposure.
• CapitaLand Investment: Singapore-listed asset and investment management group focused on real assets (offices, retail, lodging). Comparable as a Singapore-region real estate operating platform with a leasing-and-development model similar to ORCL's World Trade Center and Mireka operations.

Emerging players

• Prestige Group (Prestige Estates Projects): India-listed developer of large-scale integrated townships and Grade A office plus retail. Comparable as a developer-operator with mixed-use scale similar to Havelock City.
• Sobha Limited: India-listed developer with a luxury residential brand and integrated mixed-use projects. Comparable for premium residential positioning and integrated project execution model.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/overseas-realty-ceylon-plc

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Overseas Realty