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).
The Company views these investments in prime landholdings for development and redevelopment as having strong value and potential to provide an attractive total return. To capitalize on the growth of the construction and housing market and diversify its property-related investments, SBS Holdings will also venture into the supply and distribution of road safety equipment and plumbing materials to cater to the booming construction sector. The SBS Group continues to expand its strategic investments in property-related assets and businesses, given the growth prospects of the property market.
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