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Sign in Sign up for a FREE subscriptionArthaLand creates first Philippines JV
Boutique property developer ArthaLand Corp. (ALCO) recently signed an agreement with Mitsubishi Estate Co., which is one of the largest real estate developers in Japan.
The agreement will be Mitsubishi Estate’s first venture in the Philippines.
Mitsubishi Estate is acquiring from ALCO a 40 percent stake in ALCO’s ownership of Savya Land Development Corp., which is developing the Savya Financial Center in ARCA South, Taguig City. It will be a two-tower office condominium.
Under the terms of the partnership, ArthaLand will take the lead in managing the operations of the project, while Mitsubishi Estate will offer its expertise to further improve the project’s value.
