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Picar to invest P60B in real estate projects

Written by  Aileen Lor
Friday, 13 July 2012 00:00 [ ]

Picar Development Inc. (Picar), the newest member of AMA Group of Companies, will invest P60 billion on real estate projects which includes the Stratford Residences.

Once completed, the said project will proudly rise as the tallest residential building in the city of Makati.

Investments of the Picar will be divided into 10 to 15 projects. Highlight of the P60 billion project is the P11 billion development of the Stratford Residences which is a 74-story tower.

“The Stratford Residences is a new generation, three-tower skyscraper in Makati City that revolutionizes the idea of urban living with smart and superior luxury qualities,” Picar general manager Danilo Jugno said.

Meanwhile, Picar also invested into a mid-range residential and commercial condominium development, the Chelsea,  a 32- story condominium that is envisioned to rise as a place of balance in the suburban district of Alabang.

Picar will also have the country’s first telepolis (wi-fi enabled township) in the south of Metro Manila with Ara Vista Village, a 50 hectare residential- commercial development in General Trias, Cavite.

Aside from the areas of Makati, Alabang and Cavite Picar is also considering to have future investments in Calamba, Quezon City, Davao, Cebu and Caticlan.  

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