International Construction Consortium (ICC), a Sri Lanka-based construction and engineering company, is strengthening its presence in the premium residential segment with Bay One Residences Colombo, a waterfront development at Port City Colombo. The project, being developed through its wholly owned subsidiary ICC Port City (Pvt) Ltd, has reached the Garden Floor level, with structural work at Level 4 nearing completion. It is scheduled for completion in January 2029.Located along the marina at Port City Colombo, Bay One Residences is envisioned as an ultra-luxury residential development combining contemporary architecture with a waterfront setting. The project marks ICC's expansion from its established construction and engineering operations into premium residential development.Established in 1980, ICC has over 45 years of experience across infrastructure, residential, commercial and hospitality projects. The company reports an annual turnover exceeding USD 100 million and a portfolio of more than 220 projects. Its operations extend beyond Sri Lanka to Saudi Arabia, the Maldives and Papua New Guinea, with collaborations across India, Thailand and the UAE.Its project portfolio includes ICC Ratnadipa, delivered for Larsen & Toubro, Havelock City Phases II, III and IV, and Central Expressway Section II. The company has also undertaken projects across luxury residences, hotels, commercial buildings, highways, bridges and large-scale infrastructure.Namal Peiris, Managing Director and CEO, International Construction Consortium, said Bay One Residences represented an important step in the company's expansion into premium residential development. He said ICC intended to bring its engineering experience and construction capabilities to Port City Colombo as the emerging urban destination develops.The project adds to ICC's residential development portfolio and reflects its strategy to extend its presence in the region's premium real estate market.