DMCI Homes

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DMCI Holdings
Company type Public
PSE:  DMC
FoundedApril 27, 1995;29 years ago (1995-04-27)
Founder David Mendoza Consunji
HeadquartersDMCI Homes Corporate Center, Makati, Philippines
Key people
Isidro A. Consunji, (Chairman and President) [1]
Revenue PHP 87.8 billion (approx US$1.8 billion USD) (2020)
PHP 14.8 billion (approx US$306.2 million USD) (2020) [2]
Parent DMCI Holdings
Website www.dmcihomes.com

DMCI Homes, Inc. is the real estate arm of DMCI Holdings [3] through its wholly owned subsidiary DMCI Project Developers, Inc. (PDI). It was incorporated and registered with the Securities and Exchange Commission (SEC) on April 27, 1995. It ranked #146 in the Business World Top 1000 Corporations for 2014. [4]

Contents

History

From 1995 to 2008, DMCI Homes was headquartered in Dacon Plaza, 1728 Don Chino Roces Avenue Extension, Makati, sharing the office with DMCI and Semirara Mining Corporation . Total manpower started at around 75 employees and grew to 600 employees prompting the need to transfer to DMCI Homes Corporate Center in 1321 Apolinario St., Brgy. Bangkal, Makati (former Intel Building). As of 2012, DMCI Homes’ employees number at around 1,400.

DMCI Homes started its commercial operations in 1999 when it constructed its first Medium Rise Development, the Lake View Manors in Taguig.

In 2000, the first DMCI Homes hybrid development (Mid- and High-Rise Buildings in a property) is constructed (Hampstead Gardens Condominium). It introduced the Pin Wheel Architectural Design which optimized the flow of fresh air and ambient light into the building.

In 2004, the first themed Medium Rise Development, the Mayfield Park Residences in Rizal, was constructed. It featured Neo-Asian influences in the buildings’ architecture and landscaping.

In 2006, DMCI Homes ventured into leisure residences with the construction of Alta Vista de Boracay in Malay, Aklan. Lumiventt Design Technology is also introduced with the development of Tivoli Garden Residences, Mandaluyong in the same year.

In 2017, DMCI Homes became the Philippines' first real-estate firm to be recognized as a quadruple A contractor. The notice on DMCI Homes’ upgraded category was released last January 18 by Philippine Contractors Accreditation Board (PCAB), the implementing arm of the Construction Industry Authority of the Philippines (CIAP) under Department of Trade and Industry (DTI). [5]

On the same year, DMCI Homes was also recognized at the Dot Property Philippines Awards 2017 as Best Developer in Davao City for its first development in Mindanao - Verdon Parc, [6] and an Award of Distinction for its Corporate Website in the 23rd Communicator Awards. [7]

Cesar A. Buenaventura, eldest brother of Rafael Buenaventura, as vice chairman of DMCI Holdings, purchased P 2.769 million DMC shares (P10.80 to P11.26 per share) on April 16 and 17, 2024, as a result he now owns 6.7 million shares or P67.5 million. [8]

Holding firm

DMCI Holdings, Inc. was incorporated on March 8, 1995, as a holding company to consolidate all construction businesses, construction component companies, and related interests of the Consunji Family. It was listed on the Philippine Stock Exchange on December 18, 1995.

Affiliates

General Construction

D.M. Consunji Inc., a wholly owned subsidiary that is engaged in general construction services – the company’s core business. The subsidiary was founded in 1954. In late 1992, it received an award from the Construction Industry Authority of the Philippines for outstanding constructor in the building category for the years 1986–1992. [9]

Some of the landmark infrastructures that DMCI built include:

Investment

Project Developers, Inc. (PDI) - another wholly owned subsidiary that is engaged in construction business-generating investments primarily through its significant minority interests in various project and infrastructure development activities. The surge in demand for urban homes inspired DMCI to construct its very own housing projects – DMCI Homes. [10]

Mining
Water

The first privatized water company in the Philippines and Southeast Asia to be ISO certified is a joint venture with three (3) other companies consisting of Biwater, the British water utility specialist, Subic Bay Metropolitan Authority (SBMA), and Olongapo City Water District (OCWD).

Power
Infina Towers from Anonas station Anonas station1.jpg
Infina Towers from Anonas station
Infrastructure

Memberships

The DMCI is a member of the Philippine Green Building Council.

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References

  1. "Isidro A Consunji". Bloomberg . Bloomberg L.P. Retrieved November 22, 2021.
  2. DMCI Homes 2010 Financial Highlights http://www.dmcihomes.com/investor-relations.php Archived June 18, 2012, at the Wayback Machine
  3. DMCI Holdings, Inc. http://www.dmciholdings.com/ Archived June 23, 2012, at the Wayback Machine
    1. 146 in Business World Top 1000 Corporations for 2014 Business World.(2014).Top 1000 Corporations in the Philippines: Economy on the Ascent. (Volume 28, p. 84). New Manila: Business World Publishing Corporation.
  4. "DMCI Homes first PH developer to receive quadruple A license". Manila Bulletin Business. Retrieved June 7, 2017.
  5. "DMCI Homes wins Best Developer award in Davao City". philstar.com. Retrieved June 7, 2017.
  6. "Communicator Awards | Winner's List". www.communicatorawards.com. Retrieved June 7, 2017.
  7. "Cesar Buenaventura buys P2.8 million DMCI shares". bilyonaryo.com. April 21, 2024. Retrieved April 24, 2024.
  8. "Top Constructors". Manila Standard . Kamahalan Publishing Corp. December 1, 1992. p. 17. Retrieved November 22, 2021. The awardees were: [...] D.M. Consunji, Inc. for buildings...
  9. DMCI unit to increase authorized capital stock Archived July 3, 2012, at the Wayback Machine
  10. Remo, Amy R. (May 11, 2012). "Semirara net income up 2.4%". INQUIRER.net. Archived from the original on May 24, 2023. Retrieved May 24, 2023.
  11. "DMCI-MPIC water venture converts P2.8-B into equity". ABS-CBN NEWS. July 6, 2009. Retrieved November 7, 2023.
  12. Company Overview of DMCI Power Corporation
  13. DMCI Power eyes off-grid Napocor areas http://www.philstar.com/Article.aspx?articleId=764301&publicationSubCategoryId= [ dead link ]
  14. Sayson, Ian (April 30, 2012). "Philippine Equity Movers: First Gen, RFM, Semirara, Union Bank". Bloomberg . Archived from the original on March 7, 2016. Retrieved June 4, 2024.
  15. "Calaca power plant to be formally turned over to DMCI Power". GMA News Online. December 2, 2009. Archived from the original on May 24, 2023. Retrieved May 24, 2023.
  16. DMCI waives right to more shares in toll road project. abs-cbnnews.com, Archived 2012-07-01 at the Wayback Machine
  17. DMCI-SMC venture signs P11.5-B loan for toll road. businessmirror.com.ph, Archived 2012-07-01 at the Wayback Machine