Filtered By: Money
Money

Ayala Land, Manila Jockey Club in P2.5-B venture


Listed companies Ayala Land Inc. and the Manila Jockey Club Inc. will jointly build two office buidings on Manila Jockey's property at the San Lazaro racetrack in Manila. The project has an estimated cost of P2.5 billion. In separate disclosures to the Philippine Stock Exchange, Manila Jockey said the they have executed an agreement with Ayala Land, the biggest property company in the country, for the development of the 1.1-hectare property. Ayala Land will lease the property from Manila Jockey for a period of 25 years. Construction on the first building will start in September and will be completed by the last quarter of 2008. - GMANews.TV

LOADING CONTENT