Sri Lanka, Oct. 5 -- Access Engineering PLC (AEL) could find itself with the funds to take on new projects or raise its dividend payout in the coming years, as its Marina Square condominium development in Colombo is expected to generate a cash flow windfall from the sale of its remaining apartments, HNB Stockbrokers said in a research note.

"In the longer term, monetizing of the condominium project will provide AEL with significant optionality for either raising dividend payout or to reinvest in new projects," the brokerage noted.

Marina Square Uptown Colombo, which is developed through the group's fully owned subsidiary Harbour Village (Private) Limited, comprises 1,088 apartments across five towers along the Colombo harbour front, to...