Yuchengcos consolidate real estate assets to maximize returns

House of Investments (HI) , the holding firm of the Yuchengco family, has formed a new wholly-owned subsidiary that will hold all its real estate assets as it seeks to build a diversified sustainable investment portfolio.

In a statement, HI said its board approved the purchase of A.T. Yuchengco Centre from its affiliate Rizal Commercial Banking Corp. (RCBC) for P6.065 billion as part of its long term plans to consolidate the property interests of the Yuchengco Group of Companies (YGC).

The 34-storey A.T. Yuchengco Centre is located at the heart of Bonifacio Global City in Taguig. Accredited by the Philippine Economic Zone Authority (PEZA), the building houses 25 office floors comprised of 10 BPO-grade floors, 14 regular office floors, and one data center, with nine basement and podium parking floors.

“This is part of our strategy to realign the businesses of YGC, and strengthen the conglomerate’s position with a more holistic approach in the property development and management sector,” said HI president and CEO Lorenzo V. Tan.

Apart from the A.T. Yuchengco Centre, HI, together with a foreign group, is developing an 83,710 square meter commercial property along Sen. Gil Puyat Ave in Makati City.

YGC has business interests in banking, financial services, construction, education, information technology , energy and car dealership.

It is composed of market leaders and innovators like RCBC, Malayan Insurance, Sun Life Grepa Financial, Mapua University, EEI Corp., and PetroEnergy Resources Corp.

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