Sta. Lucia, Crown Central ink accord

Real estate giant Sta. Lucia Realty and Development Inc. signed an agreement with Crown Central Properties Corp. (CCPC) for the development of a residential subdivision in Biñan, Laguna last Oct. 9.

CCPC, a joint venture between the publicly-listed Crown Equities Inc. and Solid Share Holdings, disclosed that the joint project involves Sta. Lucia’s development of CCPC’s 28-hectare property in Biñan, Laguna into a middle-class residential enclave within three years. The subdivision, located near the boundary of Sta. Rosa and Biñan, is also a few meters away from such exclusive schools as Don Bosco, La Salle and St. Scholastica’s.

The Biñan venture further strengthens Sta. Lucia’s hold in the industry – with first-and medium-class residential subdivisions tallying up to 3,000 hectares nationwide.

Sta. Lucia vice president Vicente R. Santos is doubtly excited about their first tie-up with CCPC.

"We are proud to team up with such a prestigious real estate and its allied companies," he exclaims. "Crown Central is a subsidiary of Crown Equities, and Federal Land is a member of the Metrobank Group. We hope that this creates a ripple effect and eventually lead to even bigger partnerships in the near future."