Havelock City Mall

What Havelock City Mall does

Havelock City Mall is a six-floor, 1.2 million+ sq ft lifestyle shopping mall located on Havelock Road in Colombo, Sri Lanka, operated as part of the Havelock City mixed-use development owned by parent company Overseas Realty, Sri Lanka's premier property developer. The mall opened on 19 October 2023 and is positioned as an integrated shopping, dining and entertainment destination serving middle-to-upper-income consumers, families with children, fashion/lifestyle seekers and F&B patrons in the Colombo metropolitan area.

Its core offering combines a multi-tenant retail platform across fashion (Calvin Klein, Nike, Adidas, Mango, Levi's, Charles & Keith, ODEL), electronics (Apple, LG, Abans), accessories, homeware, health/beauty/wellness and convenience categories, with a dedicated entertainment complex anchored by Sri Lanka's first IMAX theatre and Scope Cinemas' 6-theatre, 1,200-seat multiplex, an AR/VR gaming arcade and three themed kids zones (Wet & Wild Adventure Zone, Jungle Zone with climbing wall, Ocean Zone). The supporting food court and specialty restaurants (Burger King, KFC, Pizza Hut, Subway, Taco Bell, Popeye's, PappaRich, Déifrance, Coffee Connection, among others) provide multi-cuisine F&B. A Smiles Privileges loyalty programme with an iOS/Android mobile app supports points-based retention (50 points on signup, 100 points = 1 hour free parking).

The business model is anchored on recurring retail and F&B tenant leasing supplemented by transaction-fee income from cinema, gaming and entertainment operations, advertising/promotional contributions from loyalty and brand activation partners, and event venue rental from third-party exhibitions, product launches and cultural festivals. The mall employs 101–250 staff across leasing, operations, events and marketing functions and runs an event-driven GTM motion (India Fest, Avurudu Ulela, Thai Pongol, auto shows, fashion shows, chess and LEGO tournaments) layered with a community-led loyalty and a direct-to-consumer physical retail front. No AI/ML capabilities, API platforms, patents, public listings, funding rounds or M&A activity are disclosed.

Name

Havelock City Mall

Legal name

Havelock City Mall

Website

https://havelockcitymall.lk

Company type

Private

Founded year

2023

Operating status

Operating

Headcount range

101–250 employees

Short description

Havelock City Mall is a 6-floor, 1.2 million+ sq ft lifestyle shopping mall in Colombo, Sri Lanka, operated by Overseas Realty, combining retail, dining, Sri Lanka's first IMAX cinema, AR/VR gaming, kids zones and a Smiles Privileges loyalty programme for middle-to-upper-income families and general consumers.

Ownership category

akta.pro rank

Product category

Shopping Mall

akta.pro industry

PRIMARYTHAHAAAA

Convention & Exhibition Centers (Public Convention Centers, Civic Centers)

Travel & Hospitality/MICE (Meetings, Incentives, Conferences & Exhibitions)/Conference & Convention Venues (Convention Centers, Civic Centers)

Keywords

• Retail shopping center
• Entertainment complex
• Food court dining
• Cinema multiplex
• Loyalty program

Headquarters

HQ city

Colombo

HQ country

Sri Lanka

HQ region

Asia

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Infrastructure, Marketing or Sales, Personnel

Revenue model

1. Retail Tenant Leasing: Revenue generated from leasing retail space to various brands and retailers across 6 floors. Tenants include international fashion brands, electronics retailers, homeware stores, beauty and wellness outlets.
2. Entertainment & Cinema: Revenue from IMAX theatre, Scope Cinemas multiplex, gaming arcade, and kids entertainment zones including Wet & Wild, Jungle Zone, and Ocean Zone.
3. Loyalty Program & Promotions: Smiles Privileges loyalty program drives customer engagement and footfall. Revenue influenced through promotional partnerships with brands and retailers.
4. Food & Beverage Courts: Revenue from food court and restaurant tenants including fast food chains, cafes, and casual dining establishments.
5. Event Venue Rental: Revenue from hosting third-party events, exhibitions, product launches, and promotional activities in mall spaces.

Pricing tiers

Go-to-market motion3 records

Distribution channels1 record

Marketing channels8 records

Core offering

Havelock City Mall is a six-floor retail and lifestyle destination in Colombo, Sri Lanka, offering retail shopping across multiple floors, a diverse dining mix (food court and specialty restaurants), and entertainment including Sri Lanka's first IMAX theatre within a Scope Cinemas multiplex, an AR/VR-enabled gaming arcade, and dedicated kids entertainment zones. The mall is operated by Overseas Realty and serves as a comprehensive family shopping and leisure destination.

Product overview

Havelock City Mall is a six-floor retail and lifestyle destination in Colombo, Sri Lanka, operated by Overseas Realty. The mall offers an integrated experience combining retail shopping (fashion, electronics, accessories, homeware, health and beauty), diverse dining options (food court and specialty restaurants), and entertainment facilities. Core entertainment products include Sri Lanka's first IMAX theatre and Scope Cinemas multiplex with 6 theatres and 1,200 seats, a gaming arcade with AR & VR experiences, and dedicated kids zones (Wet and Wild Adventure Zone, Jungle Zone with climbing wall, and Ocean Zone). The Smiles Privileges loyalty program, accessible via mobile app on iOS and Android, provides points-based rewards redeemable for offers, parking, and cinema tickets. The mall also functions as an event venue hosting promotional activities, cultural festivals, and entertainment events.

Differentiator

Problem solved

Functional benefit

Brands

• Smiles Privileges: Loyalty programme offering points from participating retailers which can be redeemed for special offers, discounts, free parking, movie tickets, and souvenir gifts.

Products and services

• Scope Cinemas Multiplex with IMAX
• AR/VR Gaming Arcade A gaming arcade with augmented reality and virtual reality experiences, serving tech-oriented visitors and entertainment seekers at the mall.
• Kids Entertainment Zones Dedicated play and entertainment zones for children and families visiting the mall, including themed activity areas.
• Smiles Privileges Loyalty Program A customer loyalty program that rewards repeat mall visitors with privileges, points, and exclusive benefits across participating retailers, dining, and entertainment outlets.
• Multi-Floor Retail Space (Leasing) Leased retail space across six floors housing a curated mix of retail brands, a food court, specialty restaurants, and service outlets for shopping mall visitors.
• Food Court and Specialty Dining A food court plus a collection of specialty restaurants operating within the mall, providing a diverse F&B offering to shoppers and visitors.

Quantifiable outcome

• Sri Lanka's first IMAX theatre provides exclusive premium entertainment offering
• +1 more outcomes

Named customers21 records

Segments6 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature7 records

Partnerships

Six partnerships are on record, tiered core and minor.

• Smiles Privileges Partner RetailerscoreChannel Partner/ Reseller/ Distributor · 18 October 2025Loyalty program partnership with participating retailers who accept Smiles points. Members earn points from these retailers and can redeem for rewards including free parking, discounts, and movie tickets.
• NDB BankminorStrategic or Co-development PartnerBanking partner for promotional campaigns including Avurudu Promotion 2024, demonstrating co-marketing partnership for customer acquisition and engagement.
• Coca-ColaminorGTM or Marketing PartnerMagic Santa Truck Visit 2024 event partnership bringing seasonal promotional activity and brand activation to the mall.
• HyundaiminorGTM or Marketing PartnerVehicle display partnership (Hyundai Grand i10) bringing automotive showcase and test drive opportunities to mall visitors.
• Overseas Realty (Parent Company)coreOthersOverseas Realty is recognized as Sri Lanka's premier property development company and parent/owner of Havelock City Mall, also developing World Trade Centre and Havelock City residential community.
• HCM Tenant PartnerscoreChannel Partner/ Reseller/ DistributorAnnual Tenant Partner Excellence Awards recognizes outstanding tenant performance and strengthens relationships with retail and F&B operators.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Regional players

• Tropicana Gardens Mall: Mid-market to premium integrated mall in Petaling Jaya, Malaysia, with retail, F&B, cinema, and family entertainment zones including kids' play areas. Comparable six-floor mixed-use structure with cinema and kids entertainment; operates in a different regional market.
• Siam Discovery / Siam Piwat: Premium Bangkok lifestyle mall operated by Siam Piwat with curated retail, dining, and entertainment including cinema and event spaces. Comparable integrated lifestyle destination positioning in an Asian emerging market, but does not directly compete with HCM in Sri Lanka.
• Pavilion KL / Kuala Lumpur City Centre: Premium shopping mall in Kuala Lumpur anchored by luxury and international brands with extensive dining and entertainment, part of the Bukit Bintang retail cluster. Comparable premium positioning and tenant mix though in a different national market.

Broad incumbents

• Westfield (Unibail-Rodamco-Westfield): Global operator of premium shopping destinations including flagship 'Westfield' branded centers. Comparable landlord/marketing-operator model, though operates at vastly greater scale and geographic diversity than Havelock City Mall.
• SM Prime Holdings: Largest mall operator in the Philippines and one of the largest in Southeast Asia, developing and operating integrated retail, dining, and entertainment complexes across multiple urban centers. Comparable landlord, tenant-leasing, and lifestyle-destination model, with stronger operational track record.

Direct peers

• Majestic City Shopping Mall: Long-standing Colombo shopping mall with multi-floor retail, dining, and cinema. Comparable multi-tenant retail destination serving similar consumer segments, despite earlier vintage and less premium positioning.
• One Galle Face Mall: Premium retail mall in the World Trade Centre complex, Colombo, anchored by international luxury and fashion brands. Overlaps directly with HCM on Apple, premium fashion, and food court tenants, competing for the same upper-middle-class consumer.
• Colombo City Centre: Mixed-use retail and entertainment complex in central Colombo, opened 2019, with international fashion, dining, and a cinema—Havelock City's most direct same-city competitor for premium tenant placement and footfall.
• Liberty Plaza (Colombo): Established multi-floor shopping mall in central Colombo with fashion, electronics, and dining tenants; competing directly with HCM for similar retail and consumer segments, though operating at a more mid-market positioning.
• Kandy City Centre (KCC): Modern multi-level retail and entertainment mall in Kandy, Sri Lanka, with international brand tenants and dining—comparable in product offering and target consumer though operating outside HCM's Colombo catchment.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@HavelockCityMall
• Facebookfacebook.com/Havelockcitymall
• LinkedInlinkedin.com/company/havelock-city-mall
• Instagraminstagram.com/havelockcitymall
• TikToktiktok.com/@havelock_city_mall?_t=8dlHFxcIDH0&_r=1

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 Havelock City Mall