SM Investments acquires 5 BPO buildings in Manila

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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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. 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,...

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.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

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