Philippine real estate: developers, townships, office and residential supply, REITs and leasing.
Property
LISTED DEVELOPER Cebu Landmasters, Inc. (CLI) is expanding its residential footprint in Bohol with the development of a 5.6-hectare property in Tagbilaran City into a mixed residential community featuring mid-market housing and its first Mirani condominium project in the province.
Property
LISTED property developer Vista Land & Lifescapes, Inc. (VLL) may sell two non-core malls for up to P15 billion as it explores funding options ahead of a $420-million bond maturity in July 2027, according to CreditSights. “VLL has substantial unencumbered good quality retail malls and a land bank that can be monetized.
Property
MANILA, Philippines — Property developer Arthaland Corp. has sold about half of the units in the first tower of its Liv residential development in Quezon City, giving the property developer an early boost for a project expected to generate P14.1 billion in sales.
Property
PH RESORTS Group Holdings, Inc. said its board has approved a proposed restructuring that would transfer its ownership in PH Travel and Leisure Holdings Corp. to parent company Udenna Corp. as part of efforts to simplify its corporate structure and strengthen its financial position.
MANILA, Philippines — State-run Pag-IBIG Fund has tapped SM Development Corp. (SMDC) to expand home choices for members through the Expanded Pambansang Pabahay para sa Pilipino (4PH) Program. On Tuesday, Pag-IBIG said in a statement it signed a memorandum of understanding with SMDC covering preferential pricing on selected units, buyer…
NEW YORK — Data centers are running into a wall of public anger in the United States over their thirst for water and power. The tech giants spending billions of dollars on them say the water part, at least, is solvable. Data centers are the warehouses full of computer servers that run the internet and increasingly artificial intelligence…