Banking and Finance

HNB and Groundworth Partners link up to empower real estate investment market

Sri Lanka’s leading private sector bank, HNB PLC, entered into a memorandum of understanding (MoU) with comprehensive real estate and investment solutions provider, Groundworth Partners (Pvt.) Ltd to streamline real estate investment for HNB customers and support Sri Lanka’s real estate structure.

The MoU was ceremoniously signed at HNB Towers, with representatives from both HNB PLC as well as Groundworth Partners (Pvt.) Ltd in attendance.

HNB Chief Operating Officer, Sanjay Wijemanne (fifth from left) and Groundworth Partners Managing Director, Kasun Andrahennadi (sixth from left) exchanging the MoU in the presence of (from left) HNB Mortgage Advisor, Gayan Abeysinghe, HNB Manager – Home & Personal Loans, Sampath Dodanwela, HNB Manager – Personal Financial Services, Asitha Fernando, HNB Head of Retail Banking, Kanchana Karunagama, Groundworth Partners Director, Hans Christian Gut, Groundworth Partners Director, Lalith Andrahennadi, Groundworth Partners Head of Accounts, Trishani Thalwaththe and Groundworth Partners Chief Operating Officer, Ravishan Silva.

“This marks a significant step forward in our commitment to providing our customers with access to a diverse range of investment opportunities. By leveraging Groundworth Partners’ proven expertise in real estate selection, transaction management, and project development, we are confident that our customers will benefit from a seamless and secure investment experience. This partnership not only broadens our investment offerings but also caters to the growing demand for high-quality real estate in Sri Lanka, particularly among expatriates and foreign investors seeking attractive returns and a secure asset class,” said HNB Head of Retail Banking, Kanchana Karunagama.

Through this partnership, HNB customers will gain access to a variety of attractive real estate investment options across strategic locations in Sri Lanka. With most of the developers’ projects completely sold out, demand remains for the limited availability of its Kalutara-Nagoda project with seven plots remaining and Tangalle Phase 1 and 2, which have 9 plots each remaining. Launch dates will be announced for their upcoming developments in Hokandara and Piliyandala.

From initial consultation to post-purchase assistance, Groundworth Partners ensures that clients make well-informed decisions at every turn. This includes expert guidance to ensure informed decisions are made, advisory services to expat buyers on compliance and repatriation of funds in investments and aftercare management. This commitment to excellence extends to financial solutions, with exclusive access to attractive home loan options facilitated through the strategic partnership with HNB.

With 254 customer centres, HNB is one of Sri Lanka’s largest, most technologically innovative private banks. Consolidating its legacy in sustainability, good governance, and corporate excellence, HNB was crowned the Best Corporate Citizen for 2022 at the Ceylon Chamber of Commerce Best Corporate Citizen Awards. Other significant accolades include being adjudged the “Best Retail Bank in Sri Lanka” for the 14th occasion by the Asian Banker, being declared the “Best SME Bank” by Asiamoney Magazine, being awarded the Sri Lanka Technology Excellence Award for Robotics – Banking at the Asian Technology Excellence awards 2023, for integration of Robotic Process Automation in its Custody Banking and Trustee Services, as well as securing a Top 5 position on Business Today’s Top 40 rankings for 2023.

HNB was ranked among Sri Lanka’s Top 10 Most Admired Companies in 2022 by the American Institute of Certified Public Accountants, Chartered Institute of Management Accountants, and the International Chamber of Commerce Sri Lanka. HNB was also recognized for its service excellence in trade services at the Euromoney Awards, taking home the prestigious titles of Best Market Leader in Trade Finance Services and Best Services Provider in Trade Finance Services, both globally and domestically.