Ellimac Prime Holdings, Inc. is the flagship company of Cosco’s real estate group. It was formed through the merger of four property companies in December 2012, namely: PILGOR Development Services Corporation, 514 Shaw Property Holdings Inc., Cosco Prime Holdings, Inc. and Pajusco Realty Corporation.
In 2016, 118 Holdings, Inc. was merged to Ellimac Prime Holdings, Inc., acquiring all assets of the former which brought additional 45,858 square meters of land in the latter’s portfolio and at least 7,000 of gross leasable commercial space from its commercial building in Imus, Cavite.
As of 2022, the company owns fifty-five (55) properties located in prime Metro Manila areas and across the Central and Northern Luzon provinces of Bulacan, Nueva Ecija, Quezon and Cagayan. Among these are thirty-two (32) properties operating as commercial retail buildings, nine (9) on land long-term lease arrangements and fourteen (14) more in various stages of planning and development.
Majority of Ellimac Prime’s commercial retail buildings are being leased by prominent retail tenants in support of Puregold Price Club, Inc.’s retail customers. These include The Fairview Terraces, the group’s second commercial shopping complex that was co-developed with Ayala Land, Inc. It is located in the prime commercial area of Quezon City, and houses an extensive mix of foreign and local brands offering an array of dining and shopping experiences for families and professionals. Recent additions to the Company’s portfolio are the recently opened Puregold Biñan-Bayan in Laguna and Puregold Circumferential Rd. in Antipolo.
As of 2022, the Company has an average weighted occupancy rate of 94.44% from the total Gross Leasable Area of 191,000. The portfolio of the Company continues to grow as recent additions Puregold Biñan-Bayan in Laguna and Puregold Circumferential Road in Antipolo opened Q4 of 2022 and Q1 of 2023 respectively.
The company’s success is due in large part to its ability to select the best tenant mix to further enhance customer experience in its stores. Locators are meticulously screened and chosen based on their ability to meet the demands of the latest consumer trends.
Moving forward, Ellimac Prime will continue to acquire properties for future developments and capitalize on opportunities for further growth and expansion