LISTED property developer Sta. Lucia Land Inc. (SLI) said on Friday it created a new unit to spearhead the development of its current and future commercial properties and boost recurring income to 40 percent of revenues in the next two to three years.
In a disclosure to the Philippine Stock Exchange on Friday, SLI said that in setting up a commercial business unit, “the main objectives of the Group will be to increase recurring income and improve property values either through project development or through lease income.”
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