They won’t say how much they paid for it but we’re pretty sure it’s a lot. (Or, in this case, five lots.)
“SM Investments is buying control of five Fort Bonifacio buildings known as the Net Group,” reports ANC news anchor Coco Alcuaz on ABS-CBNNews.com. The five buildings are the Net One Center, Net Square, Net Cube, Net Quad, and Net Plaza.
The report quoted SM chief financial officer Jose Sio, who explained that “SM signed an agreement with a company named CPI Asia to buy 10 companies through which CPI controls the five buildings and the land they’re built on.”
With this move, SM is getting their biggest acquisition of office space so far at 148,000 square meters.
