Blue Ocean Group Marks over a Decade of Industry Leadership, Strategic Acquisitions, and Deed Transfer Milestones
Colombo, Sri Lanka — Blue Ocean Group of Companies, one of Sri Lanka’s most professionally governed and diversified real estate and construction conglomerates, today commemorates over a decade of sustained industry leadership, defined by disciplined growth, strategic acquisitions, and increasing international recognition.
Established in 2009—a defining year in Sri Lanka’s post-conflict economic transition—Blue Ocean Group was founded by Sivarajah Thumilan with a long-term vision to contribute meaningfully to the nation’s built environment. Beginning operations as a single construction entity, the Group has since evolved into a multi-sector organization with interests spanning real estate development, construction engineering, interiors, logistics, education, and advisory services.
Measured Growth and Market Expansion
Over the past decade, Blue Ocean Group has played a formative role in reshaping Sri Lanka’s residential property landscape. At a time when high-quality apartment development was largely concentrated within central Colombo, the Group adopted a forward-looking strategy by extending professionally managed luxury and semi-luxury residential developments into emerging urban and suburban locations.
This approach not only broadened access to quality apartment living but also supported the decentralization of residential development across the island. Today, the Group’s development footprint spans more than 20 cities, including Colombo, Mount Lavinia, Dehiwala, Nugegoda, Ja-Ela, Nuwara Eliya, Kandy, and Jaffna—strengthening investor confidence in regional markets and contributing to balanced urban growth nationwide.
Strengthening Our Foundation through Strategic Acquisition: Sisira Builders (2014)
Founded in 1982, Sisira Builders (Pvt) Ltd is a reputable and accomplished civil and electrical engineering firm in Sri Lanka with a solid track record spanning more than 40 years. Sisira Builders, a significant Blue Ocean Group subsidiary, provides complete construction and infrastructure solutions supported by excellent craftsmanship, precise engineering, and unwavering quality standards.
The company has gained the trust of government officials, financial institutions, and private sector clients throughout the island by successfully completing a wide range of historic projects, such as roads, water supply schemes, institutional buildings, commercial developments, and upscale residential projects. Sisira Builders continues to set standards for dependability, technical excellence, and sustainable growth thanks to its modern construction methods and results-driven culture.
Driving the Next Phase of Expansion: Kelsey Development PLC (2023)
As part of its long-term institutional and capital-market-orientated growth strategy, Blue Ocean Group has acquired Kelsey Development PLC, a landmark achievement for the group’s portfolio, a publicly listed real estate development company. This transaction represents a defining milestone in the Group’s evolution from a privately driven enterprise to a professionally structured, institutionally governed organization.
Kelsey Development PLC brings with it a strong public-market pedigree, having been originally established under John Keells Holdings PLC and later acquired by Janashakthi Group. Throughout its history, the company has operated within a regulated capital-market framework, adhering to stringent governance standards, statutory disclosures, and regulatory oversight.
The acquisition significantly strengthens Blue Ocean Group’s governance framework, financial reporting discipline, and compliance architecture, aligning the Group with capital-market best practices. Strategically, it enhances the Group’s ability to access structured capital, undertake larger-scale developments, and operate within an elevated accountability and risk-management environment—reinforcing its commitment to prudent capital stewardship and long-term value creation.
A Milestone That Matters: Completed Deed Transfers
In a sector where legal clarity is paramount, Blue Ocean Group takes pride in the successful completion of deed transfers for several of its prestigious apartment developments an achievement that reflects its unwavering commitment to transparency, trust, and buyer assurance.
Completed deed transfers represent the highest level of ownership security in real estate, safeguarding buyers’ rights and confirming undisputed freehold ownership an essential consideration for both local and international investors. Owners at developments located at No. 45, Alfred House Gardens, Colombo 03; No. 121, Inner Flower Road, Colombo 03; No. 15, Lillian Avenue, Mount Lavinia; and No. 22, Boswell Place, Colombo 06 etc. can now enjoy absolute clarity and long-term confidence in their investments.
At Blue Ocean Group, deed transfers are not treated as administrative formalities but as strategic commitments delivered. Through meticulous legal coordination and proactive engagement with regulatory authorities, the Group ensures a seamless, stress-free ownership experience—reinforcing its reputation as a trusted long-term partner in real estate investment.
Visit Blue Ocean Group – Apartments for Sale
