COMPANY PROFILE
Established in 1990 initially as the Corporate Real Estate arm of San Miguel Corporation (SMC), Southeast Asia’s largest food, beverage and packaging company, San Miguel Properties, Inc. (SMPI) is, today, an esteemed developer of residential and commercial real estate in the Philippines.
Although primarily established to manage its parent company’s landholdings, SMPI diversified into commercial property development in response to market opportunities. Its portfolio of projects include mixed-use developments with economic to middle-income housing as its main thrust, with property leasing, the management of strategic real estate ventures and corporate real estate services as other major projects and services.
One of SMPI’s first vertical projects is San Miguel Corporation's current corporate headquarters, the San Miguel Head Office Complex. Considered a landmark in Metro Manila, this iconic building has served as a catalyst in transforming the area into what is now known as the Ortigas Business Center.
Another SMPI project is the San Miguel Properties Centre in Ortigas Center, a 24-storey office building which houses other SMC subsidiaries and multinational companies in the information technology, banking and support services industries. Other vertical projects include the 808 Building, El Magnifico and EDSA 3 building, all of which are located in the Ortigas area.
SMPI was instrumental in developing San Miguel Village, one of the first exclusive private residential enclaves in Makati, Metro Manila. Indeed, San Miguel's pioneering presence was the seed that encouraged growth in "greenfield areas" like Santa Rosa, Laguna; San Fernando, Pampanga; Mandaue, Cebu and Darong, Davao del Sur. Among SMPI’s completed projects are The Legacy in Las Piñas, Villa de Calamba in Laguna, and Primavera Hills/Buenavista Homes in Cebu.
SMPI’s current residential projects include Maravilla and Bel Aldea both located at General Trias, Cavite and Wedge Woods located in Sta. Rosa.
Strong demand for SMPI’s various existing projects led the Company to a wider property portfolio consisting of residential projects, office building, as well as strategic land banking in various growth centers across the archipelago
Recently, SMPI signed a joint venture agreement with the Government Security and Insurance System (GSIS) for the development of the latter's 1,766 sqm property for a high-end service apartment, adjacent to Greenbelt, Makati, a popular upscale mall in the heart of Makati, Manila’s financial district. The Company also signed an asset purchase agreement for the acquisition of a 28-hectare property in the island of Boracay, Aklan, a premiere tourist destination in the Philippines. The Boracay property is earmarked for a leisure-resort development.
Recently, SMPI signed a joint venture agreement with the Government Security and Insurance System (GSIS) for the development of the latter's 1,766 sqm property for a high-end service apartment, adjacent to Greenbelt, Makati, a popular upscale mall in the heart of Makati, Manila’s financial district. The Company also signed an asset purchase agreement for the acquisition of a 28-hectare property in the island of Boracay, Aklan, a premiere tourist destination in the Philippines. The Boracay property is earmarked for a leisure-resort development.
