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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