tha lifestyle
| Business & Finance
Tamil Telecom Tycoon
Enters the Real Estate market
Subaskaran
Allirajah
Born : 2 March 1972 in Sri
Lanka
Group Founder and
Chairman of the Lycatel
and LycaMobile Groups of
companies.
Worth £180 million
Lives in London Chigwell
T
he British Tamil Tycoon who is behind the world’s
largest cheap international call network, Lycatel
Chairman Subaskaran Allirajah, has purchased the 3.7acre Thames Quay in Docklands from Columbus Capital
Management in an £82 million deal. The move is his first
entry into British real estate investment.
The site currently holds four fully occupied
office buildings and has very good potential for
redevelopment.
The Ceylon Tamil born, ex- British Telecom tycoon is
ranked 434th in the Sunday Times Rich List with a
£180m fortune, and he saw off competition from seven
other bidders to secure the site.
Architects Robin Partington has already designed
four residential towers
of up to 47 storeys,
incorporating a 100,000
sq ft hotel and a
246,000 sq ft office
building.
The group’s main
company Lycamobile,
which is already based
at Thames Quay owns
Independent House,
the ISIS building, the
Walbrook building and
197 Marsh Wall
Lycamobile also bought Drewry House at 213
Marsh Wall, which it plans to use as overflow
space.
Since Lycatel Group was founded in 2004 it
has developed operations in 16 countries and
a subscriber base of more than nine million
customers.
In an attempt to expand his business areas
International MVNO Lycamobile has recently
bought the Red Steel cricket team, which
represents Trinidad and Tobago in the Caribbean
Premier League.
In an interview regarding the purchase
Subaskaran Allirajah said: “We are incredibly
excited to support the Trinidad
and Tobago Red Steel team from
the very beginning of their journey
and look forward to growing
with them through the exciting
tournaments to come.”
The Caribbean Premier League
is an annual Twenty20 cricket
tournament held in the Caribbean
by the West Indies Cricket
Board. It was created in 2013
and replaced the Caribbean
Twenty20 as the premier cricket
competition in the Caribbean.
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