Sri Lanka’s Catalina villas to be trailblazer for retirement community industry Sri Lanka’s Catalina villas to be trailblazer for retirement community industry Source: ECONOMYNEXT – Catalina Koggala, an upmarket villa development targeting over-50s buyers is aiming to be a trail blazer in kindling a retirement community industry in Sri Lanka, which is expanding fast elsewhere due to ageing populations, officials said. Granite Capital (Pvt) Ltd, a company set up by Sri Lankan and foreign investors is building the 22 villa retirement community in Koggala, in the island’s south. “Catalina fills the gap in Sri Lanka for purpose-built senior independent living facilities normally found only in top-class resorts or spas,” Granite Capital Managing Director Jeevan Williams said. The development, on 5.75 acres is surrounded by cultivated paddy land and a stream and is near the Koggala Lake where uring World War II, Consolidated Catalina flying boats coming from Australia used to land, ...