News

ArthaLand and Japanese property giant Mitsubishi Estate partner for its first venture in the Philippines

Posted on Mon, Oct 7, 2019 11:43 AM by DR. SAMUEL O. LAO, REB, MM-REM in Real Estate News

ArthaLand Corporation (ALCO) recently signed an agreement with Mitsubishi Estate Company, Ltd. (MEC), which is one of the largest real estate developers in Japan.  This agreement will be Mitsubishi Estate’s first venture in the Philippines. Mitsubishi Estate is acquiring from ALCO a 40% stake in ALCO’s ownership of Savya Land Development Corporation, which is developing the Savya...

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Century Properties, Mitsubishi Corp to roll out 33,000 homes worth P57 billion

Posted on Mon, Oct 7, 2019 11:48 AM by DR. SAMUEL O. LAO, REB, MM-REM in Real Estate News

MANILA - Century Properties Group and Mitsubishi Corp on Thursday announced plans to roll out 33,000 home units through its newly-formed joint venture PHirst Park Homes.  The units worth P57 billion it total will be rolled out in key locations outside Metro Manila, Century Properties told the stock exchange.  PHirst Park Homes will launch 15 communities in Calabarzon and in Central...

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Mitsubishi eyes more collaboration with Ayala Group

Posted on Mon, Oct 7, 2019 11:54 AM by DR. SAMUEL O. LAO, REB, MM-REM in Real Estate News

MANILA, Philippines — Japan’s Mitsubishi Corp., is collaborating further with Ayala Corp. in the future even after reducing its stake in the Philippines’ oldest conglomerate. Mitsubishi has been a partner of Ayala since 1974, collaborating in various projects in the Philippines. The partnership is not likely to end, a representative from Mitsubishi said over the weekend....

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Ayala Land most awarded company of the past decade in Asiamoney polls

Posted on Fri, Oct 4, 2019 10:43 AM by DR. SAMUEL O. LAO, REB, MM-REM in Real Estate News

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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More key PAL executives leave

Posted on Fri, Oct 4, 2019 11:07 AM by DR. SAMUEL O. LAO, REB, MM-REM in Real Estate News

The latest to resign was PAL senior vice president for planning and commercial group Angelito Alvarez, who was credited for the new flights launched by the airline since 2016. Alvarez was recruited by tycoon Ramon Ang in PAL when San Miguel Corp. acquired a 49 percent stake in the airline in 2012. A former commissioner of the Bureau of Customs, Alvarez was tapped to head the cargo business at t...

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BPO expansion hastens next wave cities growth

Posted on Fri, Oct 4, 2019 11:10 AM by DR. SAMUEL O. LAO, REB, MM-REM in Real Estate News

The Business Process Outsourcing (BPO) industry continues to expand in new growth hubs outside Metro Manila as a more diverse group of BPO tenants invest in “Next Wave Cities,” revealed commercial real estate consultancy Santos Knight Frank. Overall, the local BPO industry currently employs 1.3 million jobs directly and 4.1 million jobs indirectly. Already, 25% of BPO industry emplo...

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