Sta. Lucia expands, diversifies portfolio
Trusted developer Sta. Lucia Land Inc. (SLI) is embarking on aggressive land banking activities to fuel its expansion and diversification plans.
For this year alone, Sta. Lucia is expected to enter into fresh joint venture agreements and acquire new sites in key areas including Cavite, Laguna, Batangas, Rizal, Baler, Palawan, Iloilo, Cebu, Davao and Silay City in Bacolod. In Metro Manila, the company is looking to expand in Marikina and Quezon City.
“We are ever mindful of the opportunities presented in our industry and in our economy as well. We are very excited with the government’s P1.8-trillion Build, Build, Build infrastructure initiative as this will interconnect the entire country and therefore is aligned to our vision of developing quality real estate projects all over the Philippines,” SLI president Exequiel D. Robles explained.
As Sta. Lucia boosts its land bank portfolio, it is at the same time diversifying its offerings to increase the share of recurring income. As it is, Sta. Lucia was able to cement its reputation as a trusted developer, having built over 250 pioneering projects—from world class golf courses and country clubs, the first commercial mall in the East, resort-themed communities, lake developments to residential condominium projects.
Over the next several years, Sta. Lucia is looking to further expand its commercial assets in key provincial areas and is set to mark its initial foray in office development later this year.
Sta. Lucia announced that it expects to complete the six-storey Sta. Lucia Business Center by the fourth quarter of 2018. The said business center, which will offer over 10,000 sqm of leasable office space, formed part of the company’s diversification plan to tap new growth areas in property development.
“Recurring revenue is also a subsector where we have set as another growth driver. Our new Sta. Lucia Business Center has begun construction and is our official entry into the office market. It will also connect to the ongoing LRT 2 and shall provide commuters in the area a convenient access to our commercial assets,” Robles further said.
The Sta. Lucia Business Center, which will be connected to the ongoing LRT-2 extension project, will be located along Marcos Highway. The first two floors would be dedicated for retail shops while the third to sixth floor will be leased out as offices.
This center is envisioned to jumpstart the development of Cainta as a business hub eventually.
Meanwhile, Sta. Lucia also announced that the Eagle Ridge Town Center in Cavite is now open for business.
This 57-ha Town Center is a business and commercial complex that features specialty shops and restaurants, townhouse and condominium developments, business centers, schools, a retail mall and entertainment centers.
It is said to be the ideal space to set up one’s business as it offers a highly strategic location, and ease of accessibility. Add to that the fact that it is being developed by a reputable company like Sta. Lucia Land.
Also at the Town Center is a 60-room businessman’s hotel jointly developed by Microtel Inns & Suites (Pilipinas) Inc., the Philippine master franchise holder of the US-based Microtel chain of hotels.
Accessible to the neighboring towns in Cavite, the Eagle Ridge Town Center will definitely cater not only to the residents of Eagle Ridge but also to nearby industrial and residential developments such as Gateway, First Cavite Industrial Estate and other subdivisions.
In itself, the Eagle Ridge Town Center is envisioned to become another central business district much like the Makati central business district.
Its strategic location and various facility offerings have been designed to serve the needs of local- and foreign-based businessmen, demanding amenities often found in upscale commercial communities.
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