ARTHALAND Corp. has subscribed to P12.5 million worth of shares in its newly incorporated joint venture firm with Japanese partner Mitsubishi Estate Co., Ltd. In a disclosure to the stock exchange on Tuesday, the niche property developer said it incorporated Kashtha Holdings, Inc., after which it subscribed to 12.5 million shares worth P1 each. Arthaland earlier disclosed that its joint vent...
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Ayala Land, Inc. (ALI) was recognized by Asiamoney as the country’s top company of the 2010’s, along with its parent company Ayala Corporation — having won the most number of awards in this decade in Asiamoney’s corporate-related polls. Asiamoney, a division of leading business and finance publication Euromoney, accorded the special recognition in celebration...
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Clusters of towering modern structures featuring the latest trends and technologies afforded urbanites an unparalleled level of comfort, convenience, and luxury, but living in this dense concrete jungle can also deprive one of lush greenery, wide-open spaces, and fresh air. Healthy living becomes more elusive with the lack of ample spaces for activities, unless more efforts are thrown towards bala...
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CEBU Landmasters Inc. will acquire the Abaca Resort Mactan property. The developer announced it will expand the 4,328-square meter luxury resort, located in the Punta Engano area of Mactan Island, to 100 rooms from the current nine, set to be completed by 2023. The listed firm also signed a hotel management agreement with The Abaca Group, owner of the resort and a chain of top-end Cebu resta...
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Leading mass housing developer 8990 Holdings has debuted into high-end property development with a deal to acquire Genvi Development Corp., one of Cebu’s top developers of upscale property. Genvi’s flagship project is Monterrazas de Cebu, the biggest and last remaining contiguous mountain property development in the heart of Cebu City. It is a master-planned residential, commercial...
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The Developer of Clark Global City has partnered with Century Properties Group, Inc. (CPG) for the development of residential and office buildings in growing business district. In a statement over the weekend, Global Gateway Development Corp. (GGDC) said it signed on Jan. 9 a memorandum of agreement with CPG for the establishment of a joint venture firm. The company will be in charge of develop...
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