Michael Tan invests in property company | Inquirer Business

Michael Tan invests in property company

By: - Business Features Editor / @philbizwatcher
/ 05:10 PM August 08, 2023

Havitas partners

The Havitas Properties partners: (From left) Erwin de Pedro, Robin Karlsen, Jonathan Caro, Alejandro Manalac, Michael Tan

MANILA  -Business tycoon Michael Tan has invested in a real estate developer focused on vacation homes that can generate recurring passive income, riding on rosy prospects for Philippine tourism.

Tan, who recently retired as president of the LT Group Inc., invested in the company called Havitas Properties in his personal capacity.

Article continues after this advertisement

He is now one of the six partners of Havitas, each owning 16.67 percent of the company.

FEATURED STORIES

The other partners are Alejandro Mañalac (chair), Jonathan Caro (president), former Eton Properties executive Erwin de Pedro (chief marketing officer), David Rafael and Robin Karlsen (chief investment officer).

Havitas’ first project is a resort-style low-density townhouse development in Talisay, Batangas called Aya Hills. The two-hectare leisure estate will offer about 73 units valued at P10 million with a panoramic view of Taal Lake starting the fourth quarter of 2023.

Article continues after this advertisement

“The founders are excited to have Michael Tan on board. We’ve worked with him in the past and his guidance, insight and experience will be a valuable asset to our company,” Caro said.

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our daily newsletter

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

TAGS: buy-in, Michael Tan, property developer

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our newsletter!

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

© Copyright 1997-2024 INQUIRER.net | All Rights Reserved

This is an information message

We use cookies to enhance your experience. By continuing, you agree to our use of cookies. Learn more here.