2017-05-09
STI Education Services Group, Inc. (STI ESG) marked the construction of the PhP515M STI Academic Center Lipa in a groundbreaking ceremony on April 21, 2017, where operations are expected next school year 2018-19 in time for the opening of classes.
The new campus can accommodate 6,750 students under the school’s various programs in Information & Communications Technology, Business & Management, Hospitality Management, Tourism Management, Engineering, and Arts & Sciences.
The 3,225-square-meter property at M.K Lina Street, Lipa City in Batangas will house a seven-storey structure equipped with modern facilities, air-conditioned classrooms with flat screen TVs, student activity and multimedia centers with internet connection, and industry-grade laboratories among others.
"As part of our strategy to widen our reach, we are building modern campuses in key locations nationwide to provide our students with a more conducive learning environment. This further affirms our commitment to nurture the Filipino youth by making real life education accessible to them," said STI President and COO Peter K. Fernandez.
The fruitful operations of campus expansions and key developments for the past years led STI to scale up its educational network in the country. The company recently listed PhP5 billion worth of bonds to finance the expansion of its campuses and other general corporate requirements. The bonds were issued in tranches with the first tranche at PhP3 billion in seven-year and 10-year tenors.
STI ESG recently broke ground its first agricultural school in Tanauan in partnership with Tony Tan Caktiong of Jollibee Foods Corporation, and Edgar "Injap" Sia II of DoubleDragon Properties and CityMall. The company is also set to break grounds in EDSA-Pasay, Sta. Mesa, Davao, and San Jose del Monte in Bulacan which will all be operational by June 2018.Â
