Ortigas & Co. to redevelop Pasig estate for P50B

Real estate firm Ortigas & Co is spending P50 billion to redevelop its estate along C-5 road in Pasig City.

In a statement Wednesday, the company said it will redevelop Frontera Verde—a 16-hectare mixed-use estate at the junction of C-5 and Julia Vargas Ave.—and rename it as Ortigas East.

Ortigas & Co. is seeking to turn the area into an extension of the Ortigas central business district.

The P50-billion redevelopment will be executed in three phases. The first phase will bring new residential, retail, and office developments to Ortigas East.

“We are building this as an eco-efficient, connected community filled with the comforts that will allow people to live and move better inside a well-planned estate,” Ortigas & Company president and CEO Jaime Ysmael said.

“Ortigas East moves us another step closer to our goal of fully realizing the potential of our 52-hectare landbank. We started with Greenhills last year, and now, it’s Ortigas East,” he said. — Ted Cordero/VDS, GMA News