Sta Lucia enters into 16 joint venture agreements

ABS-CBN News

Posted at Mar 27 2015 12:37 PM | Updated as of Mar 27 2015 08:37 PM

MANILA, Philippines - Sta Lucia Land Inc. said it entered into 16 joint venture agreements for projects and land acquisitions in the provinces.

In a disclosure to the stock exchange, SLI said it entered into 16 JV deals in Davao, Rizal, Pasig, Batangas and Laguna for a total of 142.33 hectares.

It also acquired land totaling 34.53 hectares in Batangas and Iloilo.

"This is a testament to the continuing commitment of the company in focusing projects in emerging and growing cities nationwide," SLI said.

Some of the projects are extensions of existing developments such as Ponte Verde in Davao, Greenwoods Executive in Pasig, Metropolis East in Rizal, Golden Meadows in Laguna and Metropolis in Iloilo.

SLI has several development projects in Bacolod City, Cebu, Davao, General Santos City, and Iloilo City.

In the first quarter of 2014, SLI posted a 94 percent increase in revenues to P556 million.