MANILA, Philippines – The SM conglomerate of mall and banking tycoon Henry Sy is keen on joining the auction for a large block in state-owned Food Terminal Inc. (FTI) in Taguig.
Bagging the 74-hectare property, which was subject to numerous delays, will allow the company to pursue more mixed-use developments, an executive said.
In a chance interview, Henry Sy Jr., vice-chairman and chief executive of SM Development Corp., told The STAR that the SM group will join the bidding for the FTI property.
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