“Adding value to our portfolio and optimizing its utilization to ensure we achieve our long-term financial goal through appropriate and effective investment strategies that adhere to the Government’s core policies, whilst contributing positively to the Country’s socio-economic development.”
Selendiva Investments Ltd. is a real estate and property development company, that is 100% owned by the Government Treasury, established to further uplift prime assets owned by the state to reach full potential via appropriate capital restructuring.
Selendiva Investments Ltd. was incorporated in July 2020 under the Companies Act No.7 of 2007 following a Cabinet Decision on the 4th of March 2020 to create a real estate holding company to restructure and transform underperforming and underutilized state owned assets to its full potential via appropriate Public Private Partnership (PPP) investments.
To achieve the objective of appropriate capital restructuring through PPP model, a commercially acceptable investment model was established via the Cabinet Direction on 25th May 2021. The investment model promotes the creation of cluster holding companies for the purpose of consolidating state owned asset portfolios segregated in to Hospitality and Leisure (Selendiva Hotels and Leisure), Heritage Square (Selendiva Heritage) and Real Estate Development (Selendiva Genesis).
We, at Selendiva, are currently formulated with a number of state-owned assets, including prime hospitality portfolios such as; Canwill Holdings (Pvt) Ltd – the parent company of Sinolanka Hotels & Spa (Pvt) Ltd and project company of Grand Hyatt Hotel Colombo, Hotel Developers (Lanka) Ltd – owners of Hilton Colombo, and Hotels Colombo (1963) Ltd – owners of Grand Orient Hotel, among others.
Our objective at Selendiva Investments is also to attract investments to Holding Special Purpose Vehicles (SPVs) of the asset portfolios in each asset cluster. The effort will be facilitated by divesting up to 49 percent of our share ownership.
Our multi-disciplinary team of experts equipped with effective investment strategies and proven track record affirm high and faster returns by keeping in line with the island nation’s policies and procedures, making certain greater prosperity for all.
Mr. Sirinimal Perera currently holds the position of Secretary to the Ministry of Urban Development & Housing.Read More
Athula Kumara is currently the Department of Public Enterprises Director-General and has over two decades of experience in the public service services sector.Read More
Visakha Amarasekere counts over 15 years of experience at the Government Treasury where she served as a Director of the General Treasury Department of External Resources of the Ministry of Finance, Economy, and Policy Development.Read More
Rohan Fernandopulle is at present the Chairman & Chief Executive Officer of Waters Edge Ltd – a MICE property with extensive F & B services under the purview of the Urban Development Authority.Read More
Udaya Kumara is a Director at the Department of Public Enterprises and has over 11 years of experience in the General Treasury where he has been actively involved in engaging with monitoring major State-Owned Enterprises.Read More
Shamahil Mohideen was appointed Group CEO of Selendiva (Pvt) Ltd since the establishment of the company in 2020.
An Associate of the Chartered Institute of Management Accountants (CIMA UK), his post-qualifying experience spans more than 20 years in the field of management and finance, where he had occupied many managerial positions in several leading corporates, both in Sri Lanka and overseas.
In addition to his role at Selendiva, Mohideen is also the Chief Operating Officer Hotel Developers (Lanka) Ltd, a role he has occupied for over eight years. Prior to joining Hotel Developers (Lanka) Ltd, the owning company of Hilton Colombo, Mohideen has served as Director/Vice President in a group of companies owned by a leading blue-chip company in Sri Lanka.
Sudarshan Sri Rayen was appointed Group Chief Financial Officer of Selendiva (Pvt) Ltd since the establishment of the company in 2020.
He holds a Master’s Degree in Business Administration from the University of Colombo and he is a Fellow Member of the Chartered Association of Certified Accountants, UK, and an Associate Member of the Chartered Institute of Management Accountants, UK.
Sri Rayen also has a Bachelor’s Degree (Honors) in Physical Science from the University of Peradeniya. Apart from his current role at Selendiva, he is also the Chief Financial Officer of Hotel Developers Lanka Ltd, a role occupied since December 1987.