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Portfolio Investments

SM has cautiously expanded beyond its core businesses to areas that can open up new sectors and markets for the group, with a potential to create further synergies. By investing in new fields of business, SM aims to achieve the promise of higher returns.

In all its portfolio investments, SM finds the best partners who know and can run the businesses effectively, manage the inherent risks, and deliver superior returns. Noted examples of SM’s ventures include its foray into integrated resorts through Belle Corporation and in copper mining through Atlas Consolidated Mining and Development Corporation.

Belle Corporation is a listed company engaged in property development, primarily in the high-end leisure market, and has various investment holdings including the development of an integrated gaming resort, the City of Dreams Manila.

Atlas Consolidated Mining and Development Corporation (Atlas Mining) is primarily engaged in metallic mineral exploration and mining. It operates the Toledo Copper Mine in the province of Cebu through its wholly-owned subsidiary Carmen Copper Corporation (Carmen Copper).

While known as a property developer, SM is also open to having partners in this space as seen in its recent acquisition of the stakes of CPI Asia Ten B.V. in various companies, which own buildings aimed at BPO operators in Bonificacio Global City in Taguig. The acquisition is a financial investment that delivers strong yields through direct exposure to the BPO sector.

Another example is SM’s joint venture with DoubleDragon Properties Corp. in CityMall Commercial Center, Inc. CityMall envisions the development of a branded independent community mall chain located in prime locations, mostly in Visayas and Mindanao. With this partnership, SM hopes to hasten the growth of its food business, retail brands and supermarket chains across the country.

Belle Corporation | Atlas Mining | CityMall