Villar-led memorial park developer ventures into mass housing
Death care services provider Golden Haven Inc. is acquiring Bria Homes Inc. through a share swap valued at P3.01 billion, marking its entry into low-cost housing.
In a regulatory filing, Golden Haven said it would issue 150 million common shares to Cambridge Group at P20.0935 each share in exchange for the acquisition of sister firm Bria Homes.
Golden Haven said the acquisition of Bria Homes would accelerate growth and enhance profitability and allow it to maximize the value of its land bank.
Bria is known for developing affordable house and lot packages and condominium units that cater to ordinary Filipino families
To date, BRIA has 27 developments across some of the country’s most progressive towns and cities: Mariveles, Bataan; San Fernando, Pampanga; Magalang, Pampanga; San Jose Del Monte, Bulacan; Malolos, Bulacan; Sta Maria, Bulacan; Norzagaray, Bulacan; General Trias, Cavite; Trece Martires, Cavite; San Pablo, Laguna; Calamba, Laguna; Sta. Cruz, Laguna; Teresa, Rizal.
It also has projects in Binangonan, Rizal; Baras, Rizal; Pili, Camarines Sur; Calbayog, Samar; Dumaguete, Negros Oriental; Cagayan De Oro, Misamis Oriental; Balingasag, Misamis Oriental; Manolo Fortich, Bukidnon; Panabo, Davao Del Norte; Tagum, Davao Del Norte; Digos, Davao Del Sur; General Santos, South Cotabato; and Kidapawan, North Cotabato.