One Galle Face

What One Galle Face does

One Galle Face is an integrated mixed-use lifestyle development located at Galle Face in Colombo, Sri Lanka, owned and operated by Shangri-La Hotels Lanka (Private) Limited, a subsidiary of the Hong Kong-based Shangri-La Group. The development comprises four interconnected components: a 490,000+ sq.ft shopping mall across seven levels with 300+ exclusive retail options and 50+ F&B outlets; One Galle Face Tower providing 530,000 sq.ft of premium commercial office space; The Residences at One Galle Face comprising 390 luxury apartments across two towers; and the adjacent Shangri-La Hotel Colombo. The $608 million development opened in November 2019 and is positioned as Colombo's first prestigious integrated shopping, dining, entertainment, work, and living destination with panoramic Indian Ocean views.

The company's revenue model is anchored in three core streams: recurring rental income from retail shop leasing to 250+ tenants and from premium office space leasing, supplemented by one-time revenue from residential property sales and ancillary transaction-based revenue from parking services. Customer engagement is driven through the One Galle Face Rewards Programme—a card-less, no-membership-fee loyalty programme where members earn points on qualifying spends (e.g., 50 points per Rs.1,000 spent, or 20 points at supermarkets) redeemable for Rs.1,000 e-vouchers at 10,000 points and parking privileges via the Car Park Buddy feature (300 points/hour Mon-Thu, 350 points/hour Fri-Sun). The technology backbone is a mobile application (iOS and Android) that integrates rewards management, e-voucher redemption, digital parking payments, and member QR authentication, supported by dedicated leasing and sales teams for shop, office, and residential channels. Go-to-market combines direct-to-consumer retail engagement with enterprise-style field sales for commercial tenants and residential buyers, all within a single-country (Sri Lanka) operating geography.

Name

One Galle Face

Legal name

Shangri-La Hotels Lanka (Private) Limited

Website

https://onegalleface.com

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

51–100 employees

Short description

One Galle Face is a $608 million integrated lifestyle development in Colombo, Sri Lanka, operated by Shangri-La Hotels Lanka. It combines a 490,000+ sq.ft shopping mall, 530,000 sq.ft of premium office space, 390 luxury residences, and the adjacent Shangri-La Hotel, serving retail consumers, commercial tenants, and residential buyers.

Ownership category

akta.pro rank

Product category

Mixed-Use Real Estate Development

NAICS

Traveler Accommodation (7211)

SIC

Retail-Misc General Merchandise Stores (5399)

akta.pro primary industry

Integrated Full-Service Hotel Complexes (Mixed-Use) (THAGAAAL)

Keywords

• Shopping mall operations
• Mixed-use real estate
• Commercial office leasing
• Luxury residential development
• Loyalty rewards programme

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, Infrastructure, Personnel, Marketing or Sales, Technology or R&D, Supply Chain

Revenue model

1. Retail Mall Operations: Revenue generated from shop leasing to retail and F&B tenants across 7 levels and 300+ exclusive retail options. Tenants include fashion, food & beverage, entertainment, beauty, and technology brands.
2. Office Space Leasing: Premium office space leasing through One Galle Face Tower providing 530,000 sqft of commercial office space in Colombo's golden district.
3. Residential Sales: Sale of 390 sophisticated residences across two towers with full range of amenities, managed by The Residences at One Galle Face.
4. Parking Fees: Hourly parking charges at Rs.200 per hour for cars and bikes, collected via self-service kiosks (credit/debit cards) or car park attendants (cash).

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels6 records

Core offering

One Galle Face operates a $608 million integrated mixed-use lifestyle destination in Colombo, Sri Lanka, comprising a 490,000+ sq.ft shopping mall with 300+ retail tenants and 50+ F&B outlets across 7 levels, a 530,000 sqft premium office tower, and 390 luxury residences across two towers. Revenue is generated through retail shop leasing, commercial office leasing, residential property sales, hourly parking fees, and a mobile-based loyalty rewards programme with no membership fee.

Product overview

One Galle Face is an integrated mixed-use development in Colombo, Sri Lanka, developed by Shangri-La Hotels Lanka (Private) Limited. The development consists of four interconnected components: (1) One Galle Face Mall - a 490,000+ sq.ft. shopping center across 7 levels with over 300 retail stores and 50+ F&B outlets; (2) One Galle Face Tower - 530,000 sq.ft. of premium office space; (3) The Residences at One Galle Face - 390 luxury apartments across two towers; and (4) Shangri-La Hotel Colombo - an affiliated luxury hotel. The development also includes the One Galle Face Rewards Programme, a mobile-based loyalty system with no membership fee that enables point accumulation on purchases, e-voucher redemption, and parking payment features through the mobile app.

Differentiator

Problem solved

Functional benefit

Brands

• One Galle Face Mall: The shopping mall component featuring 490,000+ sq.ft across 7 levels with over 300 retail options and 50+ F&B outlets.
• One Galle Face Tower
• The Residences at One Galle Face
• Shangri-La Hotel Colombo
• One Galle Face Rewards Programme

Products and services

• One Galle Face Mall Colombo's largest shopping mall featuring 490,000+ sq.ft across 7 levels with over 300 exclusive retail options, 50+ F&B outlets, and 7 rooftop restaurants. Serves as a premier retail, entertainment, and dining destination for local and global shoppers. Revenue generated via shop leasing to retail, F&B, entertainment, beauty, and technology brand tenants.
• One Galle Face Tower (Office Space) Premium commercial office space offering 530,000 sq.ft of Grade A office facilities in the heart of Colombo's golden district (Colombo 02). Leased to enterprises seeking a prestigious business address with panoramic Indian Ocean and Galle Face Green views and world-class amenities.
• The Residences at One Galle Face Luxury residential offering comprising 390 sophisticated residences across two towers with a full range of thoughtful amenities and an exclusive clubhouse. Sold to affluent individuals and families seeking integrated urban living with direct access to the mall, office tower, and Shangri-La Hotel.
• One Galle Face Rewards Programme A seamless, card-less loyalty rewards programme with no membership fee. Members earn One Galle Face Points on qualifying spends at 250+ participating retailers (e.g., 50 points per Rs.1,000 spend, 20 points per Rs.1,000 at supermarkets, capped at 5,000 points/day). Points redeemable for e-vouchers (10,000 points = Rs.1,000), dining rewards, and parking privileges.
• Car Park Buddy Digital parking payment system allowing One Galle Face Rewards members to convert loyalty points to pay for parking. Redemption rates: 300 points = 1 hour parking Monday-Thursday; 350 points = 1 hour parking Friday-Sunday. Available via the mobile app marketplace.
• On-site Parking Services

Quantifiable outcome

• 490,000+ square feet of integrated retail, office, and residential space
• +3 more outcomes

Named customers8 records

Segments3 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Two partnerships are on record, tiered core.

• Shangri-La Hotel ColombocoreStrategic or Co-development Partner · 8 November 2019Adjacent luxury hotel forming part of the integrated One Galle Face development. Shangri-La Hotels Lanka (Private) Limited is the master developer of the entire One Galle Face project. The hotel provides legendary hospitality services to mall visitors and residences.
• 250+ Retail TenantscoreChannel Partner/ Reseller/ DistributorOver 250 participating retailers across fashion, food & beverages, entertainment, beauty, technology categories operating within the mall space. Tenants include international brands and local Sri Lankan businesses.

Scale indicators8 records

Recent moves5 records

Expansion highlights3 records

Broad incumbents

• Marina Bay Sands: Iconic integrated resort in Singapore combining luxury hotel, premium retail mall, dining, and convention space. Comparable to One Galle Face as a Shangri-La-grade integrated mixed-use destination anchored by a flagship hotel.
• SM Prime Holdings: Philippines-based integrated property developer operating large-scale malls, offices, and residences across Southeast Asia. Broadly comparable as an emerging-market integrated retail/office/residential platform.
• Emaar Malls Group: Major Middle Eastern mall operator (Dubai Mall, Dubai Marina Mall) within Emaar Properties. Comparable as a large-scale premium mall operator attached to an integrated master-planned destination.
• Westfield (URW): Global operator of premium flagship shopping destinations under the Westfield brand (now Unibail-Rodamco-Westfield). Comparable as a global incumbent in operating premium destination malls with diversified tenant ecosystems.
• Siam Paragon: Large-scale premium integrated retail and entertainment complex in Bangkok with luxury retail, dining, and cinema anchors. Comparable to One Galle Face as a premium destination mall in an Asian emerging-market capital.

Direct peers

• Crescat Boulevard: Premium retail and dining destination on Galle Face promenade in Colombo. Competes for the same high-end F&B and retail tenants and the same affluent consumer footfall as the One Galle Face mall.
• ION Orchard: Integrated retail, office, and residential development in Singapore anchored by premium retail. Directly comparable to One Galle Face's mix of flagship retail, office space, and residences in a prime Asian city location.
• Pacific Place: Hong Kong integrated complex combining luxury mall, Grade-A offices, serviced apartments, and a hotel. Mirrors One Galle Face's four-pillar (retail/office/residential/hotel) structure under a premium positioning.
• Central Embassy / EmQuartier: Premium Bangkok integrated developments (Park Ventures and EmQuartier) combining luxury retail, residences, and offices. Closely comparable to One Galle Face's premium, mixed-use positioning and tenant mix.
• Colombo City Centre: Integrated mixed-use development in central Colombo combining retail mall, offices, and residences. Directly competes with One Galle Face for premium tenants, affluent shoppers, and corporate occupiers in the same city and catchment.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/watch?v=_KJnEjwAJ14
• Facebookfacebook.com/onegallefaceofficial
• LinkedInlinkedin.com/company/one-galle-face
• Instagraminstagram.com/onegallefaceofficial

Revenue estimate

Valuation estimate

Number of profiles

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 One Galle Face