Sunland Development Corporation under Sun Group of Companies led by Chairman/Chief Executive Officer, Mr. Richard Lim inaugurated on Tuesday, July 12, 2022, to officially start the construction of its new office building with warehouse, located at P. Casal St Quiapo, Manila with a leasable area of 34,000 m².
The groundbreaking event was attended by Manila Mayor Honey Lacuna, Manila Vice Mayor Yul Servo, President and CEO Mr. Richard Lim, Vice President Mr. Kevin Lim and Director of the operating, Mr. Simon Tan, of Sun Group of Companies.
The growth of e-commerce is one of the reasons for the expansion of real estate. Hence the concept of building offices with warehouses.
The construction and development will be led by Sunland Development Corporation, a real estate company engaged in the improvement and development of properties nationwide, SDC has built approximately 180,000 m² of rental properties to date, dedicated to offices, warehouses and commercial use. Due to growing demand, 95% of properties were already occupied in December 2021.
“Due to demand for properties under Sunland Development Corporation, we have decided to expand our real estate business to 500,000 sqm to be completed in the next 3-5 years. As businesses grow in the Philippines, we have realized that we wanted to build more commercial offices and warehouses to serve customers and medium and large enterprises,” said Mr. Richard Lim, President and CEO.
“Mr. Richard Lim has been supporting the city of Manila and has a long history of contributing to the economy by providing jobs and opportunities for workers. We look forward to continued partnership with you and your company. Thank you, Mr. Richard Lim for your continued support for the city of Manila,” Manila Mayor Honey Lacuna said.
This expansion is expected to increase in Metro Manila, Cavite, Bulacan, Laguna and VisMin, where shopping malls and BPO firms are currently expanding due to favorable market conditions. Apart from developing properties, Sunland Development Corporation is also involved in buying and selling properties.
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