Residential Development in Fort Bonifacio

Kerry Properties’ Overseas Property Division holds a portfolio of properties in the Philippines. Such investments are held through Shang Properties, Inc. (“SPI”). SPI holds a 60% interest in a hotel and luxury residential development in Fort Bonifacio, Taguig, Manila.

The development includes a hotel with an area of more than 850,000 square feet, residential and serviced apartment units covering 593,000 square feet, and commercial spaces with a total area of 47,400 square feet. The hotel and serviced apartments were opened in March 2016.