CHI marks 25th year in the PSE

Wednesday February 27, 2019

Ayala-led Cebu Holdings, Inc. (CHI) commemorated its silver year in the Philippine Stock Exchange (PSE) last February 26.

The property firm debuted on the stock market on February 14, 1994. The recognition is also in time with the company’s 30th anniversary of incorporation this year.

CHI is a full-line real estate company engaged in sustainable property development, marketing and management. It is the developer of Cebu’s premier investment hubs – the Cebu Business Park and Cebu I.T. Park.

“We started operations in Cebu three decades ago with a vision to maximize the potential of Cebu. We believed that there was an opportunity to bring in large-scale developments, attract more investors, and with it, higher value jobs and services,” CHI president Jun Bisnar said in his message.

“Today, our pioneer developments — Cebu Business Park and Cebu I.T. Park – have evolved into successful integrated business districts that transformed Cebu’s skyline and provided much needed business platforms for 1,300 businesses/entrepreneurs and employment opportunities to over 94,000 workers,” he added.

In his welcome remarks during the bell ringing event, PSE President and Chief Executive Officer Ramon S. Monzon said, “The company’s productive history easily mirrors the progress of Cebu City. The tourism and economic growth experienced by the city created demand for residential, office, and commercial developments. This demand was readily met by CHI with projects such as the Cebu Business Park, Cebu I.T. Park, Ayala Center Cebu City, City Sports Club Cebu, just to name a few.”

Among CHI’s current projects is Central Bloc – a stacked 2.2 hectare development that will consist of office, retail, and hotel components, all in the center of Cebu IT Park. With the regional mall scheduled to open later this year, the development is envisioned to create an even better work and lifestyle experience for the city’s young business professionals.

To contribute to spreading development outside the city center, CHI is also currently constructing two new estates — Gatewalk Central in Mandaue City, and Seagrove in Lapu-Lapu City, Mactan.

With the current projects in the pipeline, CHI is expected to double its leasing portfolio to over 500,000 square meters of gross leasable area in the next three years.

“Our standing in the stock exchange drives us not only to expand our portfolio for our stockholders, but also to operate along best practices of good governance and sustainability. Thus, we are greatly honored that the PSE has recognized CHI’s performance with this silver year milestone,” Bisnar said.