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Article: RLC acquires 3rd lot at Fort Bonifacio from ALI.(Business News)
- Article from:
- Manila Bulletin
- Article date:
- September 4, 2006
CopyrightCOPYRIGHT 2006 Manila Bulletin Publishing Corp. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: JAMES A. LOYOLA
Robinsons Land Corporation has acquired its third lot in the Fort Bonifacio Global City from Ayala Land Inc. for development into a high-end residential condominium.
RLC high rise buildings general manager Danilo Ignacio said in an interview reporters that it is a 2,000-square meter prime property with a great view as it covers three corners and faces the rotunda.
Ignacio declined to reveal the price of the property since they acquired it from ALI at a "good discount" since RLC is a repeat buyer. "They may not want other developers to know how much we got it for," he said.
At the going rate of about R120,000 per ...