Prime Orion Philippines, Inc.
...hindi pa ako nakapasyal dito ever, lalo pa sigurong gaganda ito now that Ayala is at the helm

New POPI chief focuses on Tutuban Center upgrade

THE HEAD of the Ayala Malls Group has been elected as the new president and chief executive officer of Prime Orion Philippines, Inc. (POPI), the owner and developer of Tutuban Center in Divisoria.

In a disclosure to the stock exchange on Tuesday, POPI said Maria Rowena M. Tomeldan has been elected to the company’s top post, replacing Jose Emmanuel H. Jalandoni. POPI cited “organizational movement” as reason for Mr. Jalandoni’s cessation from the position.

“The focus of the company is still improving Tutuban Center. We’re still at this point wherein we’re improving operations… On the existing buildings, improving amenities, bringing in new features, that’s the main focus. It’s operating the (Tutuban) Center better,” Ms. Tomeldan told BusinessWorld in a phone interview when asked about plans for POPI.

Ayala Land, Inc. (ALI) currently has a 55.2% stake in POPI. The property giant’s investments in POPI has allowed the company to redevelop the Tutuban Center in Divisoria Tutuban Complex, which has a gross leasable area of 60,000 square meters sitting on a 20-hectare property. POPI earlier said that it plans to double its leasable area and convert the property into a mixed-use development.

“There’s been a marked improvement in Tutuban in what they have to offer to customers, you’ll see that in terms of security, facilities, there’s a marked improvement, and we will continue to do that,” Ms. Tomeldan said.

Asked whether the company will convert the retail space similar to what it is doing in Ayala Malls, Ms. Tomeldan answered in the negative, noting that the focus will be on improving the center’s existing features.

“We operate as a wholesale and retail center, given its very strategic location,” the POPI executive said.

POPI swung to profitability in the first nine months of 2017, recording a net income attributable to the parent of P91.6 million, against an attributable loss of P394.3 million in the same period a year ago. The company’s revenues, meanwhile, dropped 32% during the same period to P452 million.


source: http://bworldonline.com/new-popi-chief-f...r-upgrade/
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3-23

Ayala Land boosts stake in Prime Orion, positions it as industrial estate arm

The P3 billion share swap deal will increase Ayala Land’s stake in Prime Orion to 63.90% from 54.91%. It will also fold Laguna Technopark Incorporated into Prime Orion.

MANILA, Philippines — Ayala Land Incorporated (ALI) folded its stake in Laguna Technopark Incorporated (LTI) into Prime Orion Philippines Incorporated (POPI), in a move that boosts its stake in the firm while positioning it as its logistics and industrial estate developer arm.

ALI said that its “executive committee has approved the exchange of ALI’s 75% equity interest in LTI "into additional shares of stock in POPI” In a disclosure to the stock exchange on Friday, March 23.

The property developer said the value of the transaction is P3.0 billion where POPI will issue 1,225,370,620 common shares to ALI in exchange for 30,186 LTI common shares.The deal will also see ALI boost its direct ownership in POPI to 63.90% from 54.91%.

POPI is a listed real estate holding firm which owns the Tutuban Center in Divisoria. ALI acquired majority control of the firm in a deal finalized in 2016 that also paved the way for the expansion of the Tutuban retail complex.

LTI, run by ALI in partnership with Japan’s Mitsubishi Corporation, developed and owns the Laguna technopark Industrial estate which spans 460 hectares across Sta Rosa and Binan in Laguna and caters to light and medium local and global enterprises.

The firm also controls Cavite Technopark – a similar 118 hectare industrial estate located in Naic, Cavite and launched in 2015.

“Combining LTI and POPI will create a bigger entity that will pursue real estate logistics and industrial development and reposition POPI to be a leading real estate logistics and industrial estate developer and operator in the Philippines,” ALI said.


source: https://www.rappler.com/business/198811-...share-swap
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8-23

...lalong gumanda mula nang maging Ayala company

Prime Orion nearly triples 2nd quarter profit

PRIME ORION Philippines, Inc. (POPI) almost tripled its attributable profit during the second quarter of 2018, lifted by its expansion into the industrial park and real estate logistics businesses.

In a regulatory filing, the listed Ayala-led company reported a net income attributable to the parent of P47.7 million, 188% higher than the P16.5 million it posted in the same period a year ago. Revenues meanwhile surged 547% to P745.8 million.

This pushed POPI’s attributable profit for the first half of the year to P55.4 million, more than double the P25.8 million it generated in the first six months of 2017. The company’s revenues also jumped 240% to P925 million.

POPI attributed the increase to its acquisition of a majority stake in Laguna Technopark, Inc. (LTI) last April, expanding its investments in the 460-hectare Laguna Technopark in Santa Rosa and Binan as well as the 135-hectare Cavite Technopark in Naic.

“We are very happy with our first half result. With the recent acquisition of a majority stake in Laguna Technopark, Inc., we continue to evolve and transform POPI into a real estate logistics-focused business,” POPI President and Chief Executive Officer Maria Rowena Victoria M. Tomeldan said in a statement.

Moving forward, POPI will be developing a new phase of Laguna Technopark which will have an 11-hectare warehouse and logistics facility with more than 50,000 square meters (sq.m.) in gross leasable area (GLA).

The company will also embark on the redevelopment of its 14-hectare Lepanto warehouse in Calamba, Laguna. This will add 110,000 sq.m. of leasable area to the facility by 2022, as it looks to capitalize on the Lepanto warehouse’s location.

“We believe we are taking concrete steps towards jobs and skills creation. These will hopefully empower the local economy and benefit more communities. Moving forward, we plan to grow beyond our current footprint of Tutuban, Muntinlupa, Calamba, Sta. Rosa, and Naic to further develop industrial estates and logistics facilities,” Ms. Tomeldan said.

Aside from its expansion into logistics facilities, POPI is currently redeveloping the Tutuban Center in Divisoria Tutuban complex. The company plans to double the commercial center’s 60,000 sq.m. GLA in the coming years, alongside converting the 20-hectare property into a mixed-use development with retail, logistics, offices, and other support services.

The Tutuban Center redevelopment will allow the company to take advantage of the North-South Railway Project of the Philippine National Railways. POPI said that Tutuban will be at the center of the North Line, South Line, and LRT-2 West Rail projects being mapped out by the government.


source: http://www.bworldonline.com/prime-orion-...er-profit/
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11-22

...bulking up POPI

POPI to spend P1 billion for Laguna warehouse

AYALA-LED Prime Orion Philippines, Inc. (POPI) is investing P1 billion to develop a logistics and warehousing facility in Laguna, in a bid to address the demand from small and medium businesses in the area.

In a statement issued Wednesday, POPI said Laguna Technopark, Inc. (LTI) — its joint venture firm with Mitsubishi Corp. — has unveiled a new Standard Factory Building (SFB) in Brgy. Loma, Binan City.
 
The facility will stand inside the 11-hectare Laguna Technopark. It will house 40 units sized 1,200 to 1,500 square meters (sq.m.) each, for a total leasable area of more than 60,000 sq.m.

“This new SFB aims to accommodate small and medium businesses from both the global and local market, as well as clients with growing warehousing and storage needs,” the company said.

POPI looks to complete the facility by October 2020, but it will be available for lease by May 2019. The company targets non-PEZA locators to lease out the spaces.

The listed firm also noted that this will be LTI’s largest investment so far.

POPI is Ayala Land, Inc. (ALI)’s player in the real estate logistics and industrial space. The company plans to launch two industrial parks by the first half of 2019, banking on the resurgence of manufacturing in the country.
 
One of the industrial parks in POPI’s pipeline will be located in a property in Cagayan de Oro near the Laguindingan airport. This will offer 42 parcels of land with lot cuts of 7,000 sq.m. each.

The second industrial park will be located in central Luzon, but the company has yet to specify its exact location.

Aside from investments in industrial parks, POPI is also redeveloping Tutuban Center in Manila, as it looks to take advantage of the construction of the government’s North-South Railway Project. Once realized, Tutuban will be at the center of the North Line, South Line, and LRT West rail projects.

With its current rehabilitation, POPI has expanded Tutuban commercial complex’s gross leasable area to 53,000 sq.m., alongside the introduction of new retail and wholesale concepts.
 
POPI grew its attributable profit by 48% to P97.43 million in the third quarter of 2018, after rental revenues jumped 52% to P216.1 million. Consolidated revenues surged 461% to P1.01 billion.

This brought the company’s nine-month net income attributable to the parent to P189.47 million, 122% higher year-on-year, on the back of a 328% increase in revenues to P1.94 billion.


source: https://www.bworldonline.com/popi-to-spe...warehouse/
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