Philippine Digest: SM acquires $346m property; Chelsea’s acquisitions pay off

Philippine Digest: SM acquires $346m property; Chelsea’s acquisitions pay off

SM Investments Corp logo

Listed conglomerate SM Investments Corporation has paid about $346 million for a parcel of reclaimed land in Metro Manila from a UK-based investment fund while listed shipping firm Chelsea said its 2017 net income was boosted by its acquisitions.

Conglomerate SM Investments acquires prime property for $346m

Philippine-listed conglomerate SM Investments Corporation (SM) has acquired a prime seafront property from UK-based investment fund Ashmore for P18 billion ($346 million), according to an Inquirer report.

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