Profriends invites GT Capital as new partner

GT Capital buys into Profriends for P7.24-B MANILA - GT Capital Holdings Inc. is buying a minority stake in low-cost housing developer Property Company of Friends Inc. (PCFI) for P7.24 billion to expand its real estate portfolio. GT Capital said it signed a deal to acquire 22.68 percent of PCFI, with an option to increase its direct shareholding to 51 percent within...

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Who's who in Philippine Real Estate Industry

Top 10 Property Developers In The Philippines 10. Rockwell Land Corporation Founded by the Lopez Group, Rockwell Land has experienced remarkable growth in its first two years of operations. Established in 1995, Rockwell Land transformed a former thermal power plant site into a new living environment which is now the Rockwell Center. A member of the...

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Is Real Estate Investments Good or Bad for You?

Real estate is like gambling - It is suitable for almost everyone and everyone loves it. It gives a better living standard to some and on the other hand the risks take you on a roller coaster ride. It makes or ruins lives. People are skeptical about investing in real estate as they believe that investing in real estate is a sure shot recipe for disaster. But, after careful...

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Profriends invites new partner

MANILA, Philippines — GT Capital Holdings, Incorporated, the listed holding company of business tycoon George Ty, is acquiring 22.68% stake in mass housing developer Property Company of Friends, Incorporated (Pro-Friends) for P7.24 billion ($157.92 million). GT Capital told the Philippine Stock Exchange (PSE) that the agreement also provides the company an option to increase...

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