Sta. Lucia Inks Advisory Agreement with CBRE Philippines
20 March 2013
Listed company Sta Lucia Land, Inc., (“SLI”) formally engages CBRE Philippines (CB Richard Ellis Philippines, Inc.) as its exclusive Real Estate Advisor. Under the terms of the agreement, CBRE Philippines will provide general and transactional advice to both SLI and its parent company, Sta Lucia Realty and Development Inc. (“SLRDI”) on how to optimize the group’s combined portfolio of over 220 projects, which includes 14 golf courses, a shopping mall in Rizal, over 10 high rise projects and several leisure and tourism-related properties.
The Sta Lucia Group has over 40 years of track record in real estate development, and is known for its landmark leisure developments such as the Acropolis in Quezon City, the Splendido Complex in Tagaytay, the Orchard Golf & Country Club in Cavite, Alta Vista in Cebu and Rancho Palos Verdes in Davao.
Exequiel Robles, SLI President and CEO shared that group’s vision is “to provide quality projects in the residential, tourism / leisure and retail segments of the market. Over the years, we have developed over 9,000 hectares of land across the country and will continue to invest heavily to help augment the country’s huge demand for residential developments.”
CBRE Philippines is the leading real estate services and advisory firm in the country with over 18 years of proven track record in the industry. The company has been responsible in bringing in the largest institutional investors to the country, and has been instrumental in the development of the real estate industry.
Rick Santos, CBRE Philippines Chairman & Founder said that, “This is the best real estate market we’ve seen in 20 years. Our partnership with Sta. Lucia Land is an indication of the company’s strength and commitment in contributing to the industry’s success.”