SBS to sell prime property in BGC for P444M
SBS PHILIPPINES Corp. continues to realize the value of its real estate investments with the disposal of another prime property located at Bonifacio Global City in Taguig.
The board of directors of SBS approved the sale of its 1,083-square meter (sq.m.) property at the fast-growing central business district for P410,000 per sq.m. or a total consideration of P444.03 million, the listed firm said in a disclosure to the stock exchange on Monday.
The sale of the non-core asset to an unlisted company will be completed on May 10. SBS acquired the property in 2004.
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