Property developer Century Properties Group Inc. is breaking into Bonifacio Global City’s burgeoning office and hotel property markets in partnership with the Alvarez group’s Asian Carmakers Corp (ACC).
The board of Ayala Land Inc. (ALI) has approved a strategic partnership with a group led by Ignacio Ortigas for the purpose of allowing the property giant to invest in privately held OCLP Holdings, the parent company of urban property developer Ortigas & Co.
Property giant Ayala Land Inc. expects to conclude “shortly” a much-coveted partnership with the land-rich Ortigas family, confident that its entry as a strategic investor in the latter’s privately held property holding firm was welcomed by a “bigger” number of Ortigas family members.
A trip to Cebu and a parking lot convinced Nestor J. Padilla to finally fulfill his childhood dream. The president of upscale property developer Rockwell Land Corp. admitted to having almost lost a lifelong ambition of building structures, such as bridges, as he went straight to becoming a “bloody banker” right after college.
Residential developer SM Development Corp. (SMDC) has donated a 3.84-hectare property in Cavite to Gawad Kalinga to accommodate some 200 families.
The Philippine Travel Agencies Association wants the constitutional prohibition on land ownership by foreign nationals to remain as its removal might cause local players in the tourism industry go under. The group made public its position on the issue amid proposals that seek to allow foreigners to own land in the country. PTAA president Aileen [...]
MANILA, Philippines – Local units in Mindanao have been exaggerating the extent of their land areas in a bid to acquire bigger revenue allotments from the national government, Environment Secretary Jesus Paje warned senators on Monday. But if Congress supported his department’s move to finish the cadastral survey of the entire country, the government could [...]
Gotianun-led Filinvest Development Corp. (FDC) grew its first semester net profit by 26 percent year-on-year to P2.38 billion on higher earnings from its property and banking businesses.
Exposure of the banking industry to the real estate sector grew by the end of the first quarter in 2011 from a year ago as rising liquidity prompted banks to lend and invest more, data from the Bangko Sentral ng Pilipinas showed.
