Arthaland finalizing property purchases

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Arthaland News

Finalizing,Property,Purchases

PROPERTY developer Arthaland Corp. is in the process of finalizing the acquisition of two properties for a multi-phase development plan.

Arthaland Executive Vice President and business operations head Christopher Narciso told the company's annual stockholders last Friday that significant gains had been made in finalizing the acquisition of a 3.6-hectare property in Metro Manila and a 5-hectare parcel of land in southern Philippines.'Besides these two multi-hectare properties, we are also currently negotiating various properties in and around Metro Manila for dual-tower projects and single-tower projects,' he added.

So, for that reason, we've got a strong focus on residential projects,' Gonzales added.'That's not to say that in the event there's a special situation in the office area market, then obviously we will carefully assess it and pursue it,' he continued.'We will continue to pursue both segments aggressively. We're showing that one can build sustainable buildings and still cater to that particular segment because sustainability is really for all.

 

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