Arthaland Corp. said on Tuesday that its wholly owned subsidiary, Zileya Land Development Corp., is acquiring condominium units in the Mid-Land Mansions property from ISOC Land Inc. for a total consideration of P1.49 billion.
The real estate sector reported strong momentum in the first half this year, bucking global economic volatility with broad-based growth across office, industrial, residential, and hospitality segments, according to new data from global property consultancy Santos Knight Frank.
Property giant Ayala Land Inc. announced on MOnday its acquisition of the New World Hotel Makati, a landmark hospitality asset located in the heart of the country’s premier business and commercial district.
Mreit Inc., the real estate investment trust of Megaworld Corp., has signed a co-working partnership with Common Ground, one of Southeast Asia’s top flexible workspace providers, to establish co-working hubs in key Megaworld townships across the Philippines.
Arthaland Corp., a listed property development group, is infusing P765.5 million of additional capital into its wholly-owned subsidiary, Zileya Land Development Corp.