Tag: land

SM Investments Corporation acquiring 184 hectares of land in Muntinlupa City

SM Investments Corporation acquiring 184 hectares of land in Muntinlupa City

carlocarrasco

Something significant could happen within the City of Muntinlupa in the near future as SM Investments Corporation (SMIC) is acquiring 184 hectares of land there as part of a property-for-shares swap with subsidiary Intercontinental Development Corporation (ICDC), according to a Manila Bulletin business news report.

To put things in perspective, posted below is an excerpt from the Manila Bulletin news report. Some parts in boldface…

SM Investments Corporation (SMIC), the flagship of the Sy family, is acquiring 184 hectares of land in Muntinlupa City from a nearly wholly-owned subsidiary, Intercontinental Development Corporation (ICDC), through a property-for-shares swap.

In a disclosure to the Philippine Stock Exchange, SMIC said its Board has approved the swap of SMIC with 96.75 percent-owned subsidiary ICDC, which will convey to SMIC its lands in Susana Heights, Muntinlupa City, in exchange for new SMIC common shares.

“In accordance with applicable Securities and Exchange Commission (SEC) rules and regulations, the respective Boards of Directors of the SMIC and ICDC deemed it necessary and advisable to enter into the Transaction,” SMIC said.

It added that the swap aims to optimize the properties’ utilization and development and align with their broader business strategies.

SMIC said it will increase its real estate assets through the acquisition of the properties, although the acquisition will have no material effect on its business, financial condition, or operations.

One of the country’s biggest conglomerates, SMIC, reported a 10 percent improvement in consolidated net income to P40.2 billion in the first half of 2024 from P36.5 billion in the same period last year. The firm said this reflected a 13 percent growth in net income to P21.8 billion in the second quarter.

Consolidated revenues rose five percent in the first half to P301.4 billion from P286.7 billion year-on-year and grew six percent to P157.7 billion in the second quarter.

“SM’s double-digit growth in the first half results reflects a positive environment for our businesses,” said SM Investments President and CEO Frederic C. DyBuncio.

Let me end this post by asking you readers: What is your reaction to this recent development? If you are a resident of Muntinlupa City, do you think SMIC will start a major development of the 184 hectares of land in Susana Heights?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

+++++

Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at  @HavenorFantasy as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram at https://www.instagram.com/authorcarlocarrasco

For more South Metro Manila community news and developments, come back here soon. Also say NO to fake news, NO to irresponsible journalism, NO to misinformation, NO to plagiarists, NO to reckless publishers and NO to sinister propaganda when it comes to news and developments. For South Metro Manila community developments, member engagement, commerce and other relevant updates, join the growing South Metro Manila Facebook group at https://www.facebook.com/groups/342183059992673

Another tall residential tower to rise soon in Alabang

Another tall residential tower to rise soon in Alabang

carlocarrasco

With a growing Philippine economy in this post-pandemic age, the future of progress in Alabang looks a bit brighter as a new tall residential tower in Filinvest City had its symbolic groundbreaking ceremony and construction will follow, according to a Malaya Business Insight news article.

To put things in perspective, posted below is an excerpt from the Malaya Business Insight article. Some parts in boldface…

1001 Parkway Residences by luxury real estate brand Filigree recently held its groundbreaking ceremony signaling that the construction is well underway.

The excavation works were in full swing in fourth quarter of 2023, while the first pouring is all set to happen in the first quarter of 2024.

“With the recent groundbreaking milestone, future residents of 1001 can look forward to all the benefits of high rise living in a cosmopolitan neighborhood. It is a premium address not only because it is an iconic building located right along the Millionaire’s Row of Filinvest City but also because it perfectly marries two highly sought-after worlds,” said Daphne Sanchez, Filinvest Alabang Inc. senior vice president for residentials & estates

Once completed, 1001 Parkway Residences will be the tallest residential tower in Alabang – an architectural statement that will stand out amidst Filinvest City’s skyline and expansive park system, seamlessly blending beauty and functionality. This will reflect within the property’s interiors and carefully thought out amenities that highlight understated elegance.

The location of 1001 Parkway Residences in Filinvest City.

Residents will get to experience a complete live-work-play concept, starting from 1001 Parkway’s common amenities that foster a healthy lifestyle and community synergy.

In the privacy of the residents’ spaces, the integration of beauty and functionality is incorporated in the design to promote a healthier environment. Every unit comes with a balcony so they can enjoy the outdoors within the comfort of their own spaces. Meanwhile, the living and bedroom areas are built with windows to allow ample amount of natural light and ventilation. 1001 Parkway Residences also offers garden units that offer picturesque views of the future Creekside Park.

Completing an exceptional and healthy living experience at 1001 Parkway Residences is its location in Filinvest City, the country’s first LEED (Leadership in Energy and Environmental Design) Gold-certified central business district.

Located on Millionaire’s Row at Spectrum, considered Filinvest City’s most premium district, residents will have convenient access to all of the essential establishments – from commercial centers and shops to leisure venues and parks – all a stone’s throw away from each other, allowing its future residents to walk from one establishment to another.

Let me end this post by asking you readers: What is your reaction to this recent development? If you are a resident of Muntinlupa City, are you delighted that another tall residential tower will open with Filinvest City? Do you know anyone with a lot of money who happens to be looking for a new residence or looking for a new investment opportunity?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

+++++

Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at  @HavenorFantasy as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram at https://www.instagram.com/authorcarlocarrasco

For more South Metro Manila community news and developments, come back here soon. Also say NO to fake news, NO to irresponsible journalism, NO to misinformation, NO to plagiarists, NO to reckless publishers and NO to sinister propaganda when it comes to news and developments. For South Metro Manila community developments, member engagements, commerce and other relevant updates, join the growing South Metro Manila Facebook group at https://www.facebook.com/groups/342183059992673

New School in Cavite to be Opened by Antel Land and Southville in 2020

New School in Cavite to be Opened by Antel Land and Southville in 2020

carlocarrasco

CaviSchool1
Officials of Antel Land and Southville International School and Colleges (SISC) in unity during the signing of the agreement.

A new school will soon rise in the Province of Cavite in 2020. This is the expected result of an agreement recently signed by Antel Land and Southville International School and Colleges (SISC) to establish what is called as the first globally accredited international school in General Trias, Cavite.

The said project is the eight international school to become part of the Southville Global Education Network (SGEN) and it will be located specifically in Antel Grand Village.

“We’re very happy to have Southville bring their expertise in providing world class education to Antel Grand Village. It a welcome addition to our exclusive and mixed use development in Cavite. It will benefit not only our growing residents but the surrounding communities as well. Southville is a top choice as it matches our discerning and exclusive demographic and is timely to support the rapid development of the Kawit-Gen Trias-Tanza growth corridor of Cavite,” Antel Land Vice President Kyle Lao declared.

Antel Grand Village is a high-end community located only 30 minutes away from Mall of Asia via the Cavite Expressway (CAVITEX). The village offers the comforts of a relaxed environment near the city and ensures that children receive an education that matches any institution in the world. AGV is described to be the first and only self-contained island community, south of Metro Manila, with over 170 hectares of carefully master planned residential villages, social and commercial districts, and a 1.7 hectare clubhouse, all in the midst of verdant scenery and riverside vistas.

Antel Grand Village could be the community that families, who are searching for a more relaxed environment away from Metro Manila’s traffic, might want to visit for new homes.

About Southville International School and Colleges (SISC)

Southville International School and Colleges is an internationally awarded education institution consistently producing students who are considered some of the best both in the Philippines and overseas. Southville has been awarded the Investors in People UK Gold award, ISO 9001:2015 certification, International Baccalaureate accreditation, Western Association of Schools and Colleges(WASC) accreditation, School of the future by DepEd, and many more. Just in 2019, Southville students have been accepted into the Top-10 Ranked Universities in the world such as Imperial College London, received scholarship offers from universities in Hong Kong and the United Kingdom and a Southville alumni Sean Borja was ranked the new lawyer in the 2018 Philippine Bar Exam. Southville is also the school of choice of several well-known personalities such as actresses Jodi Sta. Maria, Heaven Peralejo, Winwyn Marquez, and Liza Soberano. Leaders from the business sector, government, and the expat community trust Southville with one of the most important decisions in their lives – the education of their children.

CaviSchool2
Ms. Marie Vic Suarez, SISC Principal and Mr. Daniel Steel, SGEN Communications Director introduced Southville’s programmes to Antel Land officials.

About Antel Group of Companies

Since 1986, Antel Group of Companies has been a pioneer in the Real Estate industry, with over 500 hectares of prime property being developed and landbanked. Being both land owner and developer, the company has  grown a diverse portfolio ranging from horizontal and commercial developments, mid and high-rise residential buildings, corporate towers, malls and township communities. With over 30 years of experience and expertise, Antel Land guarantees the perfect place for Southville to expand its legacy as an academic institution adhering to the utmost global perspective of quality education.

CaviSchool3
Ms. Fely Ong, President and Mr. Kyle Lao, Vice President of Antel Land.

###