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Fonseka to rent building for over 8 million a month

Minister Field Marshal Sarath Fonseka is to rent a building to house his reigional development ministry, in the same manner Duminda Dissanayake rented a building for his agriculture ministry, reports say.

On April 06, the cabinet approved the renting of a 49,556 square feet building at no. 1090, Sri Jayewardenepura Mawatha, Rajagiriya, owned by Sino-Lanka Properties Ltd.

Entering into an agreement for a five year period, a refundable indemnity deposit of Rs. 48,525,235.20 + VAT, which is six months’ lease money, is to be made for the building.

Also, agreement has been reached to pay an advance of four months’ rent that is to be deducted in the last two years of the leasing agreement, and a total sum of Rs. 194,100,940.80 + VAT.

Chairman of Sino-Lanka Properties is B.W. Kundanmal.

Duminda’s building

The media has reported that agriculture minister Duminda Dissanayake has decided to rent a 103,000 square feet bulding at no. 288, Sri Jayewardenepura Road, Rajagiriya for his ministry.

The state valuer has valued the rent at Rs. 150 per square feet, but the building’s owner Upali Jayasinghe, husband of actress Sabitha Perera, has demanded Rs. 165.50 per square feet plus a Rs. 60.50 service charge per square feet.

Accordingly, Dissanayake has agreed to pay him a monthly rent of Rs. 228 per square feet.