Standard Chartered CEO Jim McCabe endorses Cinnamon Life
Nov 09, 2016 – Standard Chartered and Cinnamon Life jointly hosted a night of cocktails for the Priority Banking clients of Standard Chartered as an extension to their partnership – a partnership built on the shared values of both brands to consistently provide customers with exceptional services.
Standard Chartered will provide mortgage loans to investors in ‘The Residence at Cinnamon Life’ and ‘The Suites at Cinnamon Life’ apartments. Standard Chartered will offer up to 75% of the property value as a loan amount to those investing in this exclusive development at an attractive fixed interest rate for five years, and a flexible repayment period of up to 30 years.
Situated in the heart of Colombo, Cinnamon Life is expected to become one of the city’s most iconic architectural landmarks. It will be executed as a ‘Life Capital’, where different aspects of life, living, working and playing blend seamlessly, interacting with one another in new and exciting ways.
Internationally renowned architect, artist and engineer Cecil Balmond, the design visionary behind some of the most popular buildings in the world, including the ArcelorMittal Orbit in London and the CCTV Tower in Beijing will be bringing this inspired concept to life, while a consortium of contractors headed by Hyundai Engineering and Construction are the contractors for the project.
Cinnamon Life will consist of an 800-room luxury Cinnamon hotel, an experiential and entertainment haven, residential apartments, state-of-the-art office spaces, a high-end retail mall, a wide variety of food and beverage offerings, and is envisioned to be the epicentre of modern South Asia.
When asked what his thoughts on Cinnamon Life and its potential value addition to the city as an integrated resort are, Standard Chartered Sri Lanka Chief Executive Officer Jim McCabe commented: “I think Cinnamon Life is a highly desirable addition to the development of the city and it will add tremendous value to Colombo and greater Colombo and the country in general. We are proud to be partnering the realisation of the vision for introducing new and innovative lifestyle options to the people of this nation.”
He continued to state that, “A project of this nature is going to generate an elevated growth rate for Colombo, and its location within the city limits will provide an impetus to the flow of investment. I believe it will be a beacon for investment and economic growth in Sri Lanka.”