SLI sets P20-B capex to drive growth, eyes strategic expansion across the country
Credit to Author: THE MANILA TIMES| Date: Sun, 09 Jun 2019 16:17:31 +0000
Sta. Lucia Land Inc. (SLI), one of the country’s leading nationwide developers of residential communities, plans to boost capital expenditures to P20 billion over the next three years to drive profit growth and expand its presence across the country.
The company will allot more than P16 billion of its capex budget to develop a robust pipeline of projects in key locations within and outside Metro Manila, including Bulacan, Rizal, Batangas, Iloilo, Pangasinan, Palawan, Cebu and Davao.
This year alone, SLI is set to launch 28 new residential and commercial projects and 5 condominium/hotel projects that will generate an estimated Php20 billion in reservation sales over the next 3 years. Among these new projects are:
• Sotogrande Fairview and Acropolis Loyola in Quezon City
• Orchard Towers in Pasig City
• Green Peak Heights Phase 3,Rizal Technopark,and Sta. Lucia Residences Towers in Rizal
• Aquamira at Saddle and Rockville in Cavite
• Golden Meadows Phase 2D in Laguna
• Ponte Verde de Sto. Tomas and Yanarra Seaside Residences in Batangas
• Colinas Verdes Expansion in Bulacan
• Woodside Garden Village in Pangasinan
• Metropolis in Iloilo
• Valle Verde in Cebu
• Ponte Verde Phase 2 in Davao
Meantime, the company plans to spend P4 billion to further expand its growing land bank.
SLI is also set to expand its leasing segment as it nears completion of its Sta. Lucia Business Center, a six- story office and commercial building with more than 14,000 square meters of gross leasable area (GLA). Located at the Sta. Lucia Mall Complex, the new space will raise the SLI’s GLA to more than 150,000 square meters.
The post SLI sets P20-B capex to drive growth, eyes strategic expansion across the country appeared first on The Manila Times Online.