Manila, Philippines July 13, 2022 – Sunland Development Corporation under Sun Group of Companies led by President/CEO, Mr. Richard Lim broke ground on Tuesday, July 12, 2022, to formally start the construction of its new office building with warehouse, located at P. Casal St. Quiapo, Manila with a leasable space of 34,000sqm.
The groundbreaking event was attended by Manila Mayor Honey Lacuna, Manila Vice Mayor Yul Servo, President/CEO Mr. Richard Lim, Vice President Mr. Kevin Lim, and COO Mr. Simon Tan, of Sun Group of Companies.
The growth of e-commerce is one of the reasons behind the property expansion. Hence, the concept of building offices with warehouse spaces.
The construction and development will be led by Sunland Development Corporation, a real-estate company that is engaged in improving and developing properties nationwide, SDC has constructed approximately 180,000sqm of leasable properties as of today, dedicated to office, warehouse, and commercial use. Due to the rising demand, 95% of the properties were already occupied as of December 2021.
“Following the demand of properties under Sunland Development Corporation, we decided to expand our real-estate business to 500,000sqm to be completed within the next 3 to 5 years. As businesses grow in the Philippines, we realized we want to build more commercial offices and warehouses to serve clients and mid to high scale businesses.” said Mr. Richard Lim, President/CEO.
“Mr. Richard Lim has been providing support to the City of Manila and contributing to the economy for a long time already by providing jobs and opportunities to workers. We hope for a continuous partnership with you and your company. Thank you, Mr. Richard Lim for your continuous support to the City of Manila”, said Manila Mayor Honey Lacuna.
The said expansion is set to rise in Metro Manila, Cavite, Bulacan, Laguna and VisMin where shopping malls and BPO firms are currently expanding their operations due to favorable market conditions. Aside from developing properties, Sunland Development Corporation is also involved in buying and selling properties.