Anchor Land Holdings, Inc. (ALHI) was incorporated on July 29, 2004 primarily to engage in real estate development and marketing, focusing initially in high-end residential condominiums within the Manila area. It started business operations on November 25, 2005. ALHI also serves as the holding company of the Anchor Group. ALHI's very first project was the Lee Tower in Binondo, which was completed in 2006. The company followed this up with projects such as the Mayfair Tower along U.N. Avenue and the Mandarin Square in Binondo, Manila. While most of its existing projects are in the vicinity of the city of Manila, ALHI is also looking for expansion and growth opportunities. It is currently building the Solemare Parksuites, an 18-storey twin tower residential condominium in Paranaque near SM Mall of Asia. Plans are also being developed to construct the tallest building in Binondo, Manila, a 55-storey condominium that will set the benchmark for all others in the area. The company is also continuously looking for prime land that it can acquire and is not ruling out the possibility of branching out into horizontal developments (e.g. subdivision) in the future. Source: SEC Form 17-A (2008)