Masayang araw! Puregold Terraces opens today!!! pic.twitter.com/nSZdkg6HC1

— Puregold Price Club (@Puregold_PH) January 28, 2014

MANILA -- Taipan Lucio Co's Cosco Capital is looking to acquire a home and construction supplies retailer to expand its business, its president said Friday.

Cosco has P15 billion in cash and has set P5.6 billion for capital expenditures this year, said its president, Leonardo Dayao. Its businesses include grocery chains Puregold and S&R, Liquigaz and Office Warehouse.

The company is "trying to find a good acquisition for home improvement and construction retail businesses," Dayao said.

"Our observation, as household income continues to go up, families are very interested, its their dream to have their own homes," he said.

Asked if it would consider existing construction retailers like Wilcon Depot, Robinsons Retail and the SM Group, Dayao said: "We just want to join them."