SM Investments acquires 5 BPO buildings in Manila

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fort bonifacioSM Investments, a holding company of Philippine billionaire Henry Sy, has completed the acquisition of five business process outsourcing (BPO) infrastructures in Bonifacio Global City in Manila. In a disclosure, the mall and banking conglomerate said the deal marked the biggest office space acquisition so far for the company, an ABS-CBN News report said.

SM Investments bought the entire equity interests of CPI Asia Ten B.V. in 10 corporations. The newly-acquired firms own five BPO buildings spanning 145,000 square meters in total of gross leasing area. The said properties include the Net One Center, Net Cube, Net Plaza, Net Square, and Net Quad, the report detailed.

Aside from office property, SM Investments has five other core businesses. These include retail (SM Retail Inc), banking (BDO Unibank Inc and China Banking Corp), malls (SM Prime Holdings Inc), hospitality (SM Hotels and Conventions Corp) and property development (SM Development Corp).

The group’s founder Henry Sy is a Chinese-Filipino businessman listed by Forbes as the richest man in the country.

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Reading Time: 1 minute

SM Investments, a holding company of Philippine billionaire Henry Sy, has completed the acquisition of five business process outsourcing (BPO) infrastructures in Bonifacio Global City in Manila. In a disclosure, the mall and banking conglomerate said the deal marked the biggest office space acquisition so far for the company, an ABS-CBN News report said.

Reading Time: 1 minute

fort bonifacioSM Investments, a holding company of Philippine billionaire Henry Sy, has completed the acquisition of five business process outsourcing (BPO) infrastructures in Bonifacio Global City in Manila. In a disclosure, the mall and banking conglomerate said the deal marked the biggest office space acquisition so far for the company, an ABS-CBN News report said.

SM Investments bought the entire equity interests of CPI Asia Ten B.V. in 10 corporations. The newly-acquired firms own five BPO buildings spanning 145,000 square meters in total of gross leasing area. The said properties include the Net One Center, Net Cube, Net Plaza, Net Square, and Net Quad, the report detailed.

Aside from office property, SM Investments has five other core businesses. These include retail (SM Retail Inc), banking (BDO Unibank Inc and China Banking Corp), malls (SM Prime Holdings Inc), hospitality (SM Hotels and Conventions Corp) and property development (SM Development Corp).

The group’s founder Henry Sy is a Chinese-Filipino businessman listed by Forbes as the richest man in the country.

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