Anchor Land Holdings, Inc. Announces Capex Guidance for the Year 2018
December 26, 2017 at 11:13 am IST
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Anchor Land Holdings, Inc. announced capex guidance for the year 2018. For the year, the company earmarked for 2018 a capital expenditure fund of PHP 9 Billion for various property projects related to hospitality and leisure.
Anchor Land Holdings, Inc. is a holding company of the ALHI Group. The Companyâs principal business interest in real estate is organized to acquire by purchase, lease, donation, or otherwise, and to own, use, improve, develop, subdivide, sell, mortgage, exchange, lease, and hold for investment, real estate of all kinds, whether to improve, manage or otherwise dispose of buildings, houses, apartments and other structures of whatever kind, together with their appurtenances. Its segments include Condominium sales, Leasing, Property management and Hotel operation. The Condominium sales segment is focused on the development of high-end condominium units for sale to third parties. The Leasing segment includes commercial units and shopping centers for lease to third parties. The Property management segment includes facilities management and consultancy services covering condominium and building administration. The Hotel operation segment is focused on management of hotel business operations.