MANILA, Philippines — SBS Holdings and Enterprises Corp. (SHEC), a wholly owned subsidiary of listed chemicals company SBS Philippines Corp., continues to strengthen its property business through the acquisition of more land.
SHEC’s Joine Holdings Corp. is set to conclude the purchase of a prime commercial property located along EDSA in Barangay Wack Wack, Mandaluyong City.
The area, which has a size of approximately 2,371 square meters, is an ideal acquisition because of its close proximity to the POEA building and the Robinsons Galleria in EDSA-Mandaluyong.
Given its close proximity to POEA and Robinsons, the property is an ideal business and commercial location.
The latest acquisition comes in the heels of the successful completion of the acquisition of a 54,500 square meter prime property located along J. P. Rizal Street in Mandaluyong City by Cleon Phils. Holdings Corp., where SBS owns a 37.25 percent equity stake.
SHEC’s portfolio in Metro Manila includes a 22 percent equity interest in Apschester Holdings Corp., owner of a 1,765.5 sqm. commercial lot along Ortigas Avenue in Greenhills, Mandaluyong City; a 17 percent interest in Asida Holding Corp. which owns a 1,647 sqm. commercial property along EDSA in Mandalu-yong City; and a 17 percent interest in Aresa Holdings Corp., which owns a 30,000 sqm. commercial lot in Malabon.
It also has a 17 percent stake in Mansfield Holdings Corp., the owner of a 5,000 sqm. commercial-residential lot located along North EDSA in Quezon City, and a 17.65 percent interest in Goldchester Holdings Corp., the owner of a commercial-industrial complex with a total area of 31,423.5 sqm. located along EDSA in Quezon City.