Demand for leased office space in the third quarter fell 16 percent to 215,000 square meters from 255,000 square meters in the year earlier period, according to Leechiu Property Consultant Inc.
Robinsons Hotels and Resorts, a division of the Gokongwei’s listed property arm Robinsons Land Corp., plans to invest P10 billion to expand its upscale and ultra-luxury portfolio in order to drive future growth.
Aboitiz Land, Inc., the real estate arm of the Aboitiz Group, has appointed Rafael Fernandez de Mesa as chief executive officer beginning January next year.
Golden MV Holdings, Inc., one of the real estate development arms of the Villar Group, said Tuesday it acquired companies from entities controlled by billionaire Manuel B. Villar, Jr. for approximately P5.2 billion.
DMCI Homes Inc. on Monday said it is into Cebu City’s booming condominium market and investing approximately P20 billion to develop a four-hectare property in Barangay Guadalupe.