Sri Lanka’s leading property development conglomerate Prime Group’s dynamic
Chairman Premalal Brahmanage has been appointed as the new President of the Condominium
Developers Association – Sri Lanka (CDASL) for the year of 2021/2022. He succeeds Suresh Rajendra
of John Keells Holdings PLC who completed his term as Chairman at the culmination of this year’s
Annual General Meeting.
Premalal Brahmanage currently serves as the Chairman of the Prime Group, a company he co-founded
and steered to become the country’s most celebrated real estate company with an indelible reputation
built over 25 years of service excellence. He was also the Deputy Chairman of HNB Finance PLC.
“I am both privileged and humbled to have been entrusted this role as the President of the
Condominium Developer’s Association, as an organization with a proud past and an exciting and
prosperous future. Over the next year, we will continue to build on our strengths and explore new
directions. While the times ahead may seem challenging, I am confident that as we stand united in our
values, skills and commitment, we will continue to overcome and forge ahead from strength to strength
to serve the best interests of our nation.
“To commence my tenure, I will relook at the Condominium Act to improve operations within the
industry and facilitate joint promotions outside Sri Lanka to secure mileage within the international
market. In a business environment conflicted by a global pandemic, this will help us fortify our
contribution to the government, local businesses as well as the broader community.
“As I assume this new position, I wish to acknowledge our outgoing President Mr. Suresh Rajendra. His
leadership towards the association was steady, assured and pragmatic and his clear vision helped the
Association navigate the deeply challenging world environment driven by the COVID-19′ pandemic. His
knowledge and experience played a pivotal role in this regard, and I offer my deep gratitude for his
wonderful service and hard work rendered towards CDASL together with the outgoing Executive
“Finally, I would like to extend my sincere thanks to my company Prime Group and all its stakeholders
for working with an inspiring dedication and passion every day. As we embrace the challenges and
opportunities of the ‘New Normal’, I look forward to serving the Condominium Developers Association
and its Members to the best of my ability,” remarked Prime Group Chairman Premalal Brahmanage.
A seasoned entrepreneur and veteran of the real estate industry, Mr. Brahmanage is a Fellow Member of
the Institute of Chartered Management Accountants (UK), Chartered Business Administrator (Canada)
and Sri Lanka Institute of Marketing. He also holds an MBA from the Open University of Malaysia and a
Postgraduate Diploma in Marketing from the University of Sri Jayawardenepura. His long-standing career
has seen him make significant contributions to the advancement of entrepreneurship in Sri Lanka, and
was named as the “Most outstanding entrepreneur in Sri Lanka” for the year 2018 by the International
Association of Lions Club.
An affiliate of the Ceylon Chamber of Commerce, the Condominium Developers Association aims to
preserve the interests of all stakeholders connected to the industry, foster industry specific initiatives,
invite the intervention of governmental bodies in the facilitation and implementation of investments in
the industry, lobby for the change of counterproductive legislation, interact with line ministries and
related bodies in facilitating responsible and proactive procedures, establish best practices, and establish
the role of the Condominium sector as a significant player in the economy.
About Prime Group
Prime Group is Sri Lanka’s largest and diverse real estate developer with a flourishing history of 26 years
of excellence. Being Sri Lanka’s only ICRA [A-] Stable rated real estate company proving its financial
stability, the group was also crowned Sri Lanka’s best developer for the past two years by the largest
and most respected real estate awards programme in Asia, PropertyGuru Asia Property Awards. The
group boasts a portfolio of 43 apartments of which 37 has been completed and ready for occupation
Prime Group was also accredited among Asia’s Best Brands and The Best entrepreneur in the year 2018
by Asia One magazine.