Kepwealth Property Phils., Inc. Plans to Acquire New Spaces in Metro Manila and Davao City
October 22, 2019 at 09:08 pm
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Kepwealth Property Phils., Inc. (KPPI) is planning to acquire new spaces in Metro Manila and Davao City which it will use for commercial or office leasing. KPPI said it has not made the acquisitions yet, but it is looking at high-traffic urban areas such as Quezon City, Pasig City, Makati City and Davao City. Investing in these areas will spread the operations of the company outside its current focus in Cebu City, thereby reducing concentration risks. It will also open new recurring revenue streams for the company from the would-be tenants of the spaces. Closing of several of the planned acquisitions can be expected within the first half of next year.
Kepwealth Property Phils., Inc. is a Philippines-based company. The Company's principal activities are to invest in, purchase, hold, use, sell, assign, transfer, lease, mortgage, exchange, maintain, administer, manage, and operate alone or jointly with others, or otherwise dispose of property or real property, including office, commercial, agricultural, residential properties, hotels, inns, resorts, apartments, or personal property. Its business segments include Leasing, and Asset Management. The Leasing segment is engaged in leasing of condominium units and parking slots in Kepwealth Center located in Cebu Business Park, Cebu City. In addition, the Company owns condominium units and parking spaces on One San Miguel Avenue located at San Miguel Avenue in Ortigas Center, Pasig City. It owns around 77 units with 98 leasable spaces of Kepwealth Center in the Cebu Business Park. The Company serves various industries, such as finance and insurance, audit, and legal counseling.
KEPWEALTH PROPERTY PHILS., INC. 
