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Archive for the ‘About Sta Lucia Realty’ Category

Listed realty developer Sta. Lucia Land, Inc. (Sta. Lucia Land) recently said it eyes to raise between $100 million to $150 million through a follow-on offering that will increase the company’s float as required under PSE’s rule.

While the offer may have been spurred by a mandatory level of public ownership for listed companies, Sta. Lucia officials said the company also needs the fund to finance its projects which are diversifying from their specialty of horizontal development.

David M. dela Cruz, Sta. Lucia Land corporate finance and investor relations head, said that the company has been noted as developer of subdivisions outside Metro Manila, making its project popular with overseas Filipino workers. About 50 percent of the Sta. Lucia group’s sales come from OFW, said dela Cruz.

Dela Cruz said this advantage helped them to be invited by landowners to develop their properties, allowing them to develop over 9,000 hectares of property nationwide.

“But our projects only involves land. (Now) we are also looking at house and lot project. That is something Sta. Lucia Land wants to go into,” said Dela Cruz.

The company, formerly known as Zipporah Mining and Industrial Corp., is majority-owned by Sta. Lucia Realty and Development Corp., (Sta. Lucia Group) which owns 95 percent of the listed company’s outstanding shares.

Since being acquired by the Robles and Santos family-led firm in 2007, Sta. Lucia has received several assets from Sta. Lucia Group. Recently, the Sta. Lucia Group assigned to Sta. Lucia Land its 12.09 percent interest in the Philippine Racing Club, Inc., which in its recent disclosure to the Philippine Stock Exchange said it has partnered with Ayala Land, Inc. to develop its 21-hectare old racing course in Makati City.

Dela Cruz said the Sta. Lucia Group currently has a total of 8 million square meters of developable land in its portfolio distributed in various parts of the country like Davao, Cebu, Cavite, and Manila, among others.

The company is looking to increase its portfolio of horizontal projects, starting with the five-tower mid- to high-rise building that will be constructed in the 11-hectare area around the company’s mall, Sta. Lucia East Grand Mall, in Rizal.

The project will be a mix of residential and commercial area. Sta. Lucia in early February said it expects to sell about 3,600 residential units this year with its plan to enhance activities.

The company has embarked in an P11 billion capital expenditure for the next five years that will increase the company’s inventory of units in the residential, office, and commercial space.

Sta. Lucia currently has projects like the 150-hectare joint-venture development, The Mesilo Residences, in Trece Martires, Cavite in partnership with Jaka Properties.

The company is also looking at the 17-hectare South Grove, a high end residential subdivision in Davao in partnership with JS Gaizano Inc.

There is also the Luxurre Residences in Alfonso Cavite near Tagaytay, and the Sugarland Residential Estates, also in Trece Martires.

The Sta. Lucia Grand Mall is also being eyed to have a BPO component, with some BPO companies talking with Sta. Lucia, seen to help the company maximize its space utilization and increase traffic of the mall.

Dela Cruz said the Sta. Lucia Land’s planned offering might be held at the end of the year, hopefully increasing the company’s current public float by 15 to 30 percent more from the current five percent.

The planned share offering may further increase “depending on how much the existing shareholders are willing to let sell,” according to him.

Eyed as underwriters for the offer is investment bank Asian Alliance for the Philippine portion of the offer, while Sta. Lucia is still discussing the matters with UBS for the international offer.

Dela Cruz said the share offer will also carry primary shares.

 

BY ALBERT CASTRO
http://www.malaya.com.ph/mar17/property2.html

 

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Publicly-listed Sta. Lucia land Inc. (SLLI) has announced its new projects to be launched for the remainder of 2010.

The company plans to open projects all over the country, particularly the fast developing areas of Davao, Cavite and Cainta, Rizal.

SLLI will launch South Grove in Davao, Luxurre Residences in Alfonzo Cavite near Tagaytay; Mesilo Residences, and Sugarland Residential Estates located in Trece Martires in Cavite, respectively.

The company will also be starting the East Bel-Air Residences in Cainta and expansion developments creating the Sta. Lucia City out of its Sta. Lucia Grand Mall development, also in Cainta.

SLLI president Exequiel D. Robles said, “We are launching these projects before the year ends to answer the needs for quality realty projects of the public in these areas.

We received good feedback from our previous projects that we intend to keep on doing what we do best in all our real estate developments.”

SLLI disclosed that South Grove in Davao is a 17-hectare high end residential development joint venture with landowner JS Gaizano, Incorporated.

The French inspired Luxurre Residences in Alfonso, Cavite is a 10-hectare residential and commercial development which is near other high-end real estate developments such as Splendido Taal Towers and Royal Tagaytay. This newest project is a joint venture with SJ Properties and is just beside the Oratory of the Blessed Virgin Mary at Monte Maria.

The Mesilo Residences in Dasmariñas, Cavite is a 150-hectare joint venture project with JAKA properties. The project’s phase one, in Mesilo Residences is a 30-hectare Filipino contemporary residential development along Aguinaldo highway.

Another Cavite project, Sugarland Residential Estates in Trece Martires is an 80-hectare residential development with an American contemporary style. This is SLLI’s joint venture with Highpoint Property Group.

In the condominium development area, SLLI has lined up two big projects: the East Bel-Air Residences and the, much-awaited Sta. Lucia City, both in Cainta.

East Bel-Air Residences is a six-building mid-rise development with country club along Imelda Avenue in Cainta.

Sta. Lucia City is a five-building, one hectare expansion to SLLI’s already vast Sta. Lucia Grand Mall. This phase will include the first two mid-rise condominium buildings of five that are architecturally designed by W.W. Coscoluella.

“SLLI also currently has some projects in the planning stage and we guarantee that the public can look forward to more state-of-the-art realty developments from us that suit their every need and lifestyle,” Robles said.

 

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Have the house of your dream built in your dream exclusive community. Introducing, Sta Lucia Homes by Sta Lucia Realty and Royale Homes. A series of well designed houses that would best fit every Sta Lucia communities.

Sta Lucia Homes

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The time was perfect, the chance was ripe when Felipe G. Santos and then 19-year old Exequiel Robles broke the ground for what would become one of the country’s most successful real estate developers—Sta. Lucia Realty and Development, Inc.

Fresh from inheriting the business from their spirited parents, Buenaventura Robles and Marcela Robles-Santos, Felipe, Exequiel, and their siblings would expand their piece of business into now a highly respected company involving 9,000 hectares of prime development projects, 137 subdivisions, 11 golf course complex, 7 world class golf communities, 5 sports & country club estates, and 1 grand mall.

Just recently, the renowned institution in the Philippine real estate industry—the Chamber of Real Estate and Builders Associations (CREBA)—cited Sta. Lucia as its 2003 Developer of the Year besting other tough competitors in the industry. The 4,000-member organization recognized Sta. Lucia for having completed various outstanding and prestigious development projects all over the country. It also cited the creativity and excellence Sta. Lucia realty and Development, Inc. has incorporated in every project it undertakes. Sta. Lucia has been deemed well deserving of the award for its commitment to deliver and exceed its clients’ expectations. Most of all, for being resilient and even excelling through tough times providing employment to many and opportunities to its stakeholders.

Mr. Exequiel Robles has every reason to smile. Sta. Lucia Realty remains one of the country’s top developers and is the unquestioned leader in the golf corse sector.

Together with Sta. Lucia, we look into the future with a steadfast commitment to deliver outstanding development projects that provide better quality living, opportunities and growth for our privileged stakeholders.

THIS IS A COMMITMENT AS REAL AS THE LAND WE STAND ON

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