M & A Construction and Development Company is the construction and real estate development division of the M. Lhuillier Group of Companies. It was established in the early part of 1996 as the contracting and construction arm of the new sites of ML Pawnshop and Jewelry Stores nationwide especially in the Visayas and Mindanao areas. Estimated number of employees reached 110 skilled workers including office personnel.
In the early months of operation, M & A Construction has constructed hundreds of new pawnshop branches and jewelry stores. During the first quarter of 1996, Mr. Panfilo F. Elma, the Chief Financial Officer of the business conglomerate and presently the company’s general manager, proposed the idea of a residential subdivision with a combination of high-end, middle-class and socialized housing units. The initial P10M investment made the company sustain its operation in the succeeding years.
Pioneer projects are the Sta. Monica Homes and Charle’s Peak Subdivision situated at Lapu-lapu City and Mandaue City respectively, with 160 total units combined. The company is also tasked for the land development, house construction, renovation, repair works of the M. Lhuillier Group real property holdings like Las Palmas in Danao City, Club Pacific in Sogod, Cebu and several northern town properties.
One of the main concerns of the company is to contribute its share in alleviating the housing shortage in the Metro Cebu area by increasing the accessibility of home ownership and improved housing facilities among the middle and low income group. Top management is considering other properties available for this purpose in the near future.
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