Listed property developer Sta. Lucia Land Inc. announced on Thursday that its board of directors has authorized the company to enter several joint venture agreements for the purpose of developing various properties located mostly in Rizal Province.
In a disclosure to the Philippine Stock Exchange, the company said it will enter joint ventures for the development of a number of projects in Taytay, Cainta, and Binangonan, Rizal.
Approved for development are three projects located in Brgy. Sta. Ana, Taytay, Rizal with an aggregate area of 18,104 square meters; a new project in Brgy. Mahabang Sapa, Cainta, Rizal with an area of 17,352 square meters; four projects in Brgy. San Juan, Cainta, Rizal with an aggregate area of 24,753 square meters; a project in Cainta, Rizal with an area of 4,424 square meters; and a project in Brgy. Pag-asa, Binangonan, Rizal with an area of 28,535 square meters.
The board also approved the development of two projects in the barrios of Tuctucan and Panginay, Guiguinto, Bulacan with an aggregate area of 40,286 square meters; a project in Barrio Sinalhan, Sta. Rosa, Laguna with an area of 27,500 square meters; and a project in Brgy. Quirino, Quezon City with an area of 1,100 square meters.
However, the company did not disclose the names of the parties they will be partnering with for the various projects.
The board also approved the acquisition of several parcels of land in Palawan, Cavite, and Laguna. These acquisitions involve a 6,358-square-meter lot in Bo. Canigaran, Puerto Princesa City; a 370-square-meter lot in Brgy. Panapaan, Bacoor, Cavite; and several parcels of land in Barrio dela Paz, Biñan, Laguna with a total area of 15,484 square meters.
The company did not disclose its plans for the development of the acquired properties.