Blue Ocean Group of Companies, a renowned real estate conglomerate, has set its sights on expanding into the gated housing market with the acquisition of Kelsey Developments PLC.
With over 200 completed projects and a loyal customer base spanning 40 years, Kelsey Developments PLC is a well-established player in the real estate sector. The acquisition marks a significant milestone for both companies, as it further strengthens Blue Ocean’s presence in the market while providing Kelsey with new opportunities for growth and profitability.
Kelsey Developments PLC’s State of the Art project is “The Central Park Ja-Ela.” Central Park, a 15-acre land with over 300 housing units in the heart of Ja-Ela, offers unparalleled services and more than 40 amenities that include a fully equipped gymnasium, an outdoor pool, clubhouses, a pond, garden areas, a jogging track, a yoga studio, a daycare centre, a kids play area, a supermarket, a café, and drivers’ and maids’ quarters amid a relaxing and beautiful atmosphere.
The inspiration for “Central Park” was drawn from a desire to provide families with a canvas to create their own stories in this dynamic and fast-paced world.
With the acquisition by Blue Ocean Group, Kelsey’s fortunes have taken a positive turn. This achievement reflects the strategic vision and expertise of Blue Ocean Group, which has successfully leveraged its experience and resources to revitalise Kelsey’s operations. It can also be attributed to the strategic guidance, resources, and market expertise provided by Blue Ocean Group. Blue Ocean Group has successfully revitalised Kelsey’s operations, resulting in improved financial performance.
Kelsey Developments PLC, listed on the Colombo Stock Exchange, has emerged as the premier housing developer in Sri Lanka over its 40-year history. With a vast portfolio of over 200 real estate and housing projects, Kelsey Homes has become synonymous with gated housing developments and luxury living experiences.
The company’s commitment to excellence is evident in its successfully completed projects, including Templer’s Square in Mount Lavinia, Riverside Luxury Bungalows, Verdant Villas Negombo, Urban Gateway Kottawa, Urban Heights Wattala, Central Park Ja-Ela, and the esteemed Kelsey Palace luxury high-rise apartment project in Nugegoda.
Kelsey Developments has reinforced its leadership team by refreshing its director board with industry professionals who possess the vision and expertise required to take the company to new heights.
Led by Sivarajah Thumilan, Group Chairman/CEO, and supported by Executive Directors Mrs. Suranee Thumilan and Namal Godellawattage, as well as Non-Executive Directors Prakash Schaffter, Sarravanan Neelakandan, Bradley Emerson, and Wasantha Galagoda, Kelsey is well-equipped to navigate the complex dynamics of the real estate market and seize opportunities for growth.
Blue Ocean Group, founded by top professional and business leader Sivarajah Thumilan, serves as a pre-eminent real estate conglomerate with a well-balanced portfolio. This strategic move demonstrates Blue Ocean’s commitment to expanding its influence in the market and leveraging its expertise to revitalise Kelsey’s operations.
Blue Ocean Group specialises in design, construction, project management, and sustainable property investment solutions, and its diverse portfolio includes businesses such as Link Engineering, Blue Ocean Residencies, Link Ready Mix, Contessa, Blue Ocean Travels, Blue Ocean home appliances, Blue Ocean Facility Management, Sisira Engineering, and KBBS Campus.
The acquisition of Kelsey Developments by Blue Ocean Group not only highlights the growth potential of both companies but also signifies the beginning of a new era for Kelsey.
The collaboration between these two industry leaders is a testament to their commitment to excellence and the bright prospects that lie ahead in the real estate industry in Sri Lanka.