Even in developed, densely populated areas, there is still room for change. And Ayala Land Inc. is making a showcase for such a refreshing possibility with its latest pocket urban development in Quezon City, where it is poised to offer a breath of fresh air, ease congestion in this urban location, and bring its signature expertise in developing masterplanned, sustainable communities. Rising...
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VISTA LAND & Lifescapes, Inc. expanded its earnings by 13% in the third quarter, as its real estate sales continued to grow. The Villar-led property developer posted a P3.16-billion attributable net income in the July to September period, from P2.87 billion a year ago. Consolidated revenues climbed 7% to P10.96 billion as expenses rose 12% to P6.98 billion during the same three months....
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MEGAWORLD Corp. is targeting to raise P5.2 billion in sales from a new residential condominium project in Sta. Cruz, Manila. In a statement, the listed property developer said it launched the 34-storey Kingsquare Residence within the San Lazaro Tourism and Business Park. The residential tower will offer 961 units, composed of studio type, which will span up to 31 square meters (sq.m.); one-b...
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ALLHOME Corp. said it is on track to hit its target of having 70 stores by next year as it opened three new stores in October. The Villar-led retail company said in a statement yesterday it is well on its way to reach its goal of securing a 7.1% market share in the home improvement industry by next year as it continues store expansion across the country. “We remain confident with our e...
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CEBU Landmasters, Inc. (CLI) is issuing corporate notes to raise P2 billion to fund its capital expenditures and general corporate expenses. The listed property developer said in a stock exchange disclosure yesterday it has signed a notes facility agreement with ALFM Peso Bond Fund, Inc. and ALFM Money Market Fund, Inc. for the 18-month debt security. The notes will have an initial fixed rate o...
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MANILA, Philippines – Property developer Sta. Lucia Land Inc. (SLI) has deferred a follow-on offering (FOO) or re-initial public offering of shares worth P8.4 billion, citing “volatile” market conditions. The decision to defer the FOO was made upon further consideration and extensive discussions between SLI and China Bank Capital, issue manager, underwriter and bookrunner, SLI...
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