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SMIC sells Nagtahan lot to unit for luxury project
Manila Bulletin
|September 13, 2025
The Sy family’s flagship SM Investments Corp. is selling a prime lot near Malacañan in Manila to its property development arm, SM Prime Holdings Inc., while preparing a corporate vehicle for its first premium residential project under the newly launched Signature Series brand.
In a disclosure to the Philippine Stock Exchange, SMIC said its board of directors has approved the sale of SMIC's entire equity interest in Nagtahan Property Holdings, Inc. to SM Prime.
It added that the details of the transaction are yet to be finalized. The property is located at the end of Aurora Boulevard, beneath the Nagtahan flyover bridge, and is currently occupied by a branch of SM Savemore.
Dit verhaal komt uit de September 13, 2025-editie van Manila Bulletin.
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