
SBS Philippines Corporation (SBS or the Company) has completed its capital infusion of over P2.0 billion in its subsidiary, SBS Holdings and Enterprises Corporation (SBS Holdings). This follows their recent additional share capital contribution of P425 million from its stock rights offering.
The additional capital will finance investments in property acquisitions and/or development to enhance SBS Holdings’ property-related investment portfolio. Its associate companies plan to acquire several properties in the first half of 2018, including:
A 2-hectare lot near Balintawak in Quezon City, adjacent to a property already owned by an SBS Group associate company.
A 6-hectare lot along Quirino Highway in Novaliches, 1.5 km from Novaliches proper, and approximately 2.5 km from SM City Fairview and Ayala Mall Fairview Terraces.
A 5-hectare lot in Novaliches, Quezon City, located about 1 km from Novaliches proper.
A 2-hectare lot along EDSA in Quezon City, near the Trinoma commercial area.
A 20-hectare lot in Pampanga along the North Luzon Expressway (NLEX).
SBS sees strong potential in prime land investments for development and redevelopment. These assets offer attractive returns.
To tap into construction growth, SBS Holdings will expand into road safety and plumbing product distribution. This move also diversifies its property-related portfolio.
The SBS Group continues to grow its investments in property assets and businesses, backed by a rising property market.
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