The building was originally constructed in 1889 as a lunatic asylum, Jawatta Lunatic Asylum (also known as the Cinnamon Gardens Asylum) for Rs 450,000.
The building subsequently housed the newly established University College. The building complex was then occupied by the Sri Lanka Broadcasting Corporation (SLBC), the Public Administration Department, Auditor General's Department and later the Government Analyst’s Department.
The beautification and development of the city of Colombo and its surroundings commenced immediately after the end of the war. The Sri Lanka Armed Forces under the direction of the professionals of the Urban Development Authority rallied together to systematically refurbish the city’s dilapidated structures.
In 2012 the Urban Development Authority commenced the renovation of the buildings and special care was taken to preserve their original architectural features whilst adding modern technological features and amenities. The construction of the mall took approximately 200 soldiers and six months of work to clear the spaces and fully reveal the original structures. The buildings remain true to the original complex with no additions or alterations. It took nearly 2 years to fully renovate the structure at a cost of Rs 550 million. The 8,400 m2 (90,000 sq ft) shopping complex was officially opened on 13 July 2014.
The design and ambience of the complex as a whole pays tribute to its history, as the prophetic words of Governor Gregory in 1875 stated in his memoirs say “The building will be a credit to the Colony. This building, whether the exact present plan be adhered to or modified, will be from its structural merits and the decorative character of the grounds attached to it, one of the future ornaments of this city”.
The centerpiece adorning The Arcade’s atrium is the sculpture of a pride of lions. This is unique. Masterfully crafted in granite, this sculpture stands symbolic of Sri Lanka’s inherent strength, courage and grace.

The cache is located at a very busy corner of this complex. Being surrounded by muggles will definitely add to the level of difficulty. Finding this cache might be easier at night.
Adjoining GZ is the Independent Television Network (ITN) building and tower.
ITN Ltd commenced operations on the 13th of April 1979 as the first television broadcasting service of Sri Lanka and South Asia. On the 5th of June 1979 ITN Ltd was acquired by the state as a business undertaking under a Competent Authority. ITN Ltd was the pioneer of colour television transmission in Sri Lanka and in 1992 ITN was converted to a public company with the state as the major shareholder of the company. Subsequently, the revenue, the diversity of programmes, technical services and coverage expanded significantly.
At GZ I would recommend tying your shoelaces as the cache is easier felt than seen.