Sta. Lucia Land On Track with 2016 Growth Expansion Plans

Rizal—(PHStocks)—After its successful PhP4 billion maiden retail bond offering, Sta. Lucia Land Inc. (PSE: SLI) is now in full swing in executing its ambitious growth plan for 2016.

With its track record of building subdivision communities nationwide, the company continues to expand in key cities and provinces as it has acquired 53 properties totaling 96.89 hectares in Pasig City, Laguna, Cavite, Batangas, Tagaytay and General Santos City, and sealed over 10 joint venture agreements totaling 94.75 hectares in Laguna, Batangas, Rizal, Iloilo and Cebu.

“We are sticking to our core business of developing and marketing horizontal residential and commercial real estate nationwide,” said Jeremiah Pampolina, VP for Strategic Planning and Investor Relations. “We are however, also strengthening other complementary assets such as our plans to expand our retail commercial portfolio.”

With a debt to equity ratio of less than .5:1, one of the lowest in the industry, SLI will continue to tap the capital markets to support its long term growth. The company is also currently in talks with several strategic investors to strengthen its institutional shareholder base.

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