About
Company Description:
Formerly known as Philippine Cocoa Estates Corporation, the company was acquired by the Wellex Group in 1996 and renamed Philippine Estates Corporation. Prior to acquisition, it was already a publicly listed firm that produced and supplied cocoa beans as raw materials for factories. With the continued softening of cocoa product prices in the world market and its vast landholdings, the company pivoted to real estate development to take advantage of the upsurge in the sector and to deliver better value to stockholders. SM Supermalls The company's strategic focus is on aggressively land banking in high-growth areas nationwide, creating self-sustained and fully integrated residential and commercial communities, and diversifying across all types of real estate development. SM Supermalls Featured projects include Wellford Residences in Mactan, Costa Smeralda, Wellford Homes Jaro in Iloilo, and Wellford Homes Malolos in Bulacan, with operations spanning Luzon, Visayas, and Mindanao.