OFFICE SPACE One of the latest additions in SM Prime’s portfolio is North Tower 3, a PEZA-accredited office tower being developed at the SM North EDSA Complex in Quezon City. —CONTRIBUTED PHOTO
MANILA, Philippines – SM Investments Corp. (SMIC) has transferred its controlling stake in Nagtahan Property Holdings Inc. to listed property arm SM Prime Holdings Inc., as the Sy-led conglomerate consolidates property assets within its real estate business.
In a disclosure on Monday, SMIC said it completed the sale of 199,725 common shares, equivalent to 99.72 percent of the outstanding capital stock of Nagtahan Property Holdings, to SM Prime on July 13.
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