It’s a well-known fact that the Real Estate industry makes an important contribution to the economy of a country and the welfare of its people. Playing a big part in making this industry a success are real estate developers. Their continued expansion, planning, financing, technical and construction expertise, have made it possible to achieve so much in this industry.
But as in any type of business, there is a need to diversify as they grow. One way businesses grow is by creating and acquiring subsidiaries. A subsidiary is a company that is partly or completely owned by another company that holds a controlling interest in the subsidiary company. But for purposes of liability, taxation and regulation, subsidiaries are distinct legal entities. A lot of real estate developers in the Philippines use the parent-subsidiary structure to isolate risks.
Here are Philippine Real Estate Developers’ Subsidiaries and their Notable Projects:
Ayala Land Inc.
Recognized as the largest property developer in the Philippines, operating prime commercial spaces throughout the country. It is owned by the Ayala group of companies. It is the real estate arm of Ayala Corporation, the country’s oldest and one of its largest conglomerates and considered to be the most diversified developer. Its core businesses are in strategic landbank management, residential development, shopping centers, corporate businesses, and hotels while support businesses are in construction and property management.
- Ayala Land Premier
Ayala land Premier carries the heritage of Ayala Land. From high-rise condominiums to suburban environments and leisure communities, its developments are true testaments to high-quality living.
- Alveo Land
Alveo Land targets upwardly mobile professionals and urban achievers with its centrally-located subdivision and condominium offerings that bring vibrant and upscale living to its active and cosmopolitan clientele.
Notable Projects: Solstice at Circuit Makati, Escala Salcedo, Kroma Tower, The Lerato, The Columns Legazpi Village, The Columns Ayala Avenue
- Avida Land
Avida Land develops and maintains residential communities that set the standard in the industry, promote the growth of property values and enhance the well-being of its residents and environment.
Notable projects: St. Alexandra Estates, St. Gabriel Heights, Avida CityFlex Towers BGC, Hacienda Sta. Monica, San Antonio Heights
- Amaia Land
Amaia is the economic residential brand of Ayala Land, Inc. that caters to the broad affordable market segment. Its developments are anchored on 5 pillars- Location, Features and Amenities, Quality, Buying Experience, and Living Experience.
Notable Projects: Amaia Steps Pasig, Amaia Steps Sucat, Amaia Scapes Cabanatuan, Amaia Scapes Cavite, Amaia Scapes Laguna
BellaVita caters to a broad affordable market segment that includes minimum wage earners and members of the informal business sector.
Notable Projects: BellaVita General Trias, Bellavita Alaminos, Bellavita Porac, Bellavita Tayabas, Bellavita Capas
SM Prime Holdings, Inc.
SM Prime is one of the largest integrated property developers in Southeast Asia that offers innovative and sustainable lifestyle cities with the development of malls, residences, offices, hotels, and convention centers. It is the largest property developer in terms of asset and income base as of end 2013 in the Philippines. SM Prime Holdings, Inc. was incorporated in the Philippines in 1994. They started as a mall developer and operator and grew to be the biggest retail shopping center developer and operator in the Philippines.
- SM Development Corporation (SMDC)
SM Prime’s wholly-owned residential developer, SM Development Corporation (SMDC) is a trailblazer in the middle market residential condominiums. SMDC develops primary homes that attract customers looking for conveniently located, aspirational, yet affordable residences. SMDC’s residential projects are strategically located in Metro Manila, particularly near the country’s lifestyle and business districts such as in Quezon City, Makati, Manila, Pasay, Pasig, Taguig, and Paranaque and one in Tagaytay, a key tourism destination.
Notable Projects: Jazz Residences, Chateau Elysee, Mezza Residences, Princeton Residences, Light Residences
- SM Commercial Property Group (CPG)
SM Prime’s Commercial Properties Group (CPG) primarily handles the development and leasing of prime office buildings in Metro Manila and strategic regional locations, as well as the operations and management of such buildings and other land holdings.
Notable Projects: TwoE-com Center, SM Makati Cyber One, SM Makati Cyber Two, Cyber West, SM Mall of Asia (MOA)
- SM Hotels and Conventions Corporation (SMHCC)
SM Hotels and Conventions Corporation (SMHCC) was established to address the vast potential of tourism in the country. It is now developing and operating hotels and conventions all throughout the archipelago.
Notable Projects: SMX Convention Center (SMX), Taal Vista Hotel, Radisson Blu Hotel, Pico Sands Hotel, Park Inn
Megaworld Corporation is the country’s leading real estate developer and No. 1 business process and outsourcing (BPO) office developer and landlord in the Philippines. Led by real estate magnate and visionary, Dr. Andrew L. Tan, Megaworld pioneered the “Live-Work-Play-Learn” township concept in the country. In addition, the company engages in other property related activities such as project design, construction oversight and property management.
- Empire East Land Holdings, Inc.
Empire East Land Holdings, Inc. builds landmark residential communities that transform the urban and suburban landscapes. Since 1994, the company has built up a portfolio of successful projects. Today, through a new breed of community developments, Empire East continues to fashion lifestyles that immerse Filipinos in richer and more rewarding experiences right at home.
Notable Projects: Kasara, Pioneer Woodlands, The Sonoma, Little Baguio Terraces, The Rochester
- Suntrust Properties, Inc. (SPI)
Suntrust Properties, Inc. (SPI) is a 100% wholly-owned subsidiary of Megaworld Corporation, catering to the affordable market. In pursuit of its vision to be “the yardstick in the affordable township development and to be the buyers’ first choice”, Suntrust promises to build products that are adaptive to the needs of its buyers; it vows to offer superior yet affordable homes.
Notable Projects: Sentosa, Santa Rosa Heights, Suntrust Adriatico Gardens, Suntrust Ascentia, Kirana
- Global-Estate Resorts, Inc. (GERI)
Global-Estate Resorts, Inc. (GERI) is positioned to be the Philippines’ powerhouse in master-planned fully integrated tourism development. It is putting the country on the global tourism map with massive, strategically located lifestyle and leisure estates in major tourist destinations.
Notable Projects: Boracay Newcoast, Twin Lakes near Metro Tagaytay, Sta. Barbara Heights in Iloilo, Southwoods City in Carmona, Cavite
- Global-Estate Resorts, Inc. – South
With the infusion of new capital, GERI holds a strong position in pursuing tourism related projects and being a leading developer of master planned integrated tourism estates in the Philippines, solely fashioned to initiate the Sales and Marketing activities for its upcoming projects in the South.
We’ve got more in store as we continue to explore Philippine Real Estate Developers’ Subsidiaries and their notable projects in Part 2 of this post.