Sta. Lucia Land, Inc. to Enter into Joint Ventures with Sta. Lucia Realty & Development, Inc
December 10, 2020 at 05:59 pm EST
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Sta. Lucia Land, Inc. at its Special Meeting of the Board of Directors held on 10 December 2020, approved the authorizing of Corporation to enter into joint ventures with Sta. Lucia Realty & Development, Inc., the terms of which were duly reported to, and approved by, the Related Party Transactions Committee pursuant to the Corporation's Material Related Party Transactions Policy, involving the following: 1. Development of a project located in Rizal with an area of 5,745 sq. m.; 2. Development of a project located in Pampanga with an area of 180,719 sq. m.; and 3. Development of a project located in Pangasinan with an area of 67,620 sq. m.
Sta. Lucia Land, Inc. is a Philippines-based developer of residential communities, with a portfolio consisting of developments that include residential, commercial, and retail assets. Its segments include Leasing and Residential Development. The Leasing segment consists of the investment properties, which includes properties held to earn rentals and are not occupied by the Company. The Residential Development segment is engaged in the development and selling of subdivision lots and condominium projects across the Philippines. Its residential projects include horizontal developments, which consist of residential lots for sale in gated subdivisions complete with facilities and amenities; and vertical developments, which comprises townhouse projects, condominium projects and condotel projects. Its commercial properties include malls, business centers, and commercial lots. Its townhouse projects consist of residential housing units, including independent and identical houses.
STA. LUCIA LAND, INC. 
