STATE PROPERTIES CORPORATION (SPC) is a wholly owned real estate arm of State Investment Trust, Inc., originally organized in 1975 under the name Peltan, Inc., and renamed STATE PROPERTIES CORPORATION in 1995. The company is currently developing its 78.6-hectare prime property into a high-end subdivision aptly called Versailles. Strategically located adjacent to Ayala Alabang Village, it caters to the country’s upper income strata and is also being marketed to the Filipinos based in the United States and Europe.
Other group owned assets located along EDSA in Metropolitan Manila are also lined up for future development.
State Investment Trust Inc.
State Investment Trust Inc. started as a trading concern in 1964 that was eventually transformed into a financing company. Later on, it expanded to include investment banking operations until it was granted a Trust License in 1994 under the Universal Banking Reforms.
As an investment house, the company ventured into real estate and developed several condominium projects in key cities like Manila, Makati and Ortigas Center in Mandaluyong City. It later embarked in the power generation business and entered into a joint-venture agreement with STEAG AG, a leading independent power producer in Germany, in the development of the 210-megawatt power plant in Cagayan de Oro City.
