Eton Properties to focus more on office projects

Eton Properties Philippines Inc. (EPPI), the property business unit of tycoon Lucio Tan, has allocated capital expenditure (capex) of P10 billion for the next two years as the developer expands its office portfolio.

“Over the immediate horizon, EPPI will be aggressively pursuing recurring income streams from additional commercial developments, through rental of more office and retail space,” EPPI president and chief executive officer Lucio Tan, Jr said on the sidelines of the company’s annual stockholders’ meeting held on Friday.