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Alphaland weighs other purchase bids

By Jenniffer B. Austria | Posted on Aug. 23, 2013 at 12:02am |
Premier property developer Alphaland Corp. is evaluating offers to either buy or lease its P3-billion high-end office development project in the Makati business district.
Alphaland chief finance officer Marianne Yulo said in an interview at the sidelines of a forum held at Raffles Hotel in Makati City that aside from Philippine Long Distance Telephone Co., other local and foreign companies expressed interest in leasing or buying the office building.
“We are still assessing our options and PLDT is just one of them,” Yulo said.
She said Alphaland Tower was the only new and premier office supply in Makati.
“We are holding out for the right price and right tenant. Demand [for the office building] is good so we are okay,” Yulo said.
Alphaland Tower is a 34-story building with a total leasable area of 39,000 square meters. The building is ideal for headquarters of multinational companies and other high-end corporate offices.
PLDT is looking at Alphaland Tower as the possible headquarters of the First Pacific group in the Philippines, including unit Metro Pacific Investments Corp. PLDT’s head office is located at Ramon Cojuangco Building along Makati Avenue.
Yulo, meanwhile, said Alphaland would open next week the Alphaland City Club, a  20,000-square-meter, world-class sports and leisure club that occupies the top three floors of the six-story podium of the Alphaland Makati Place. With AFP

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