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Sta. Lucia eyes more land

Posted on December 13, 2012 11:29:38 PM
THE BOARD of Sta. Lucia Land, Inc. has approved property purchases in Luzon and the Visayas and a number of corporate moves, the company said in a disclosure yesterday.
At a special meeting last Wednesday at Sta. Lucia Mall in Cainta, Rizal, the board authorized the company’s purchase of a 1,230-square-meter lot in Quezon City; a 7,895-square-meter lot in Lipa City, Batangas; and a 61,486-square-meter lot in Mexico, Pampanga, the disclosure read.
The board also gave the company authority to enter into joint-venture agreements for the expansion of its existing 29,950-square-meter lot in San Mateo, Rizal; 72,767-square-meter lot in Urdaneta City, Pangasinan; and 8,906-square-meter lot in Angono, Rizal. It also approved the acquisition of the interest held by the firm’s parent, Sta. Lucia Realty & Development, Inc., in a 43,384-square-meter lot in Arevalo, Iloilo City.
Sta. Lucia Land also further consolidated its home construction and marketing operations after its board approved the incorporation of two new subsidiaries -- one to build houses in a subdivision it had developed with Sta. Lucia Realty and another unit to handle marketing.
Sta. Lucia Land, incorporated in 1996, has a 10,000-hectare, 200-project portfolio that consists of various horizontal and vertical developments nationwide and one shopping mall, with ongoing projects in Rizal, Cebu, and Davao.
Shares of Sta. Lucia Land lost one centavo or 1.45% to 68 centavos apiece yesterday from 69 centavos last Wednesday. -- F. J. G. de la Fuente  

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