Philrealty, Greenhills Properties in deal to build Global City tower complex


MANILA, Philippines—Philippine Realty and Holdings Corp. inked on Wednesday a deal with principal shareholder Greenhills Properties Inc. (GPI) on a P5-billion three-tower mixed-use development in Bonifacio Global City.

Under a memorandum of agreement, Philrealty will develop the masterplan of GPI’s prime 6,400-square-meter property located near the future site of the Philippine Stock Exchange in BGC. The new project will include a retail, residential, office, serviced apartments and a hotel.

As Philrealty was one of the original members of the consortium that took over the privatized Fort Bonifacio, the company seeks to raise its stake in BGC, Philrealty president Amador Bacani said during the signing ceremony.

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Jonas Montemayor


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