Ayala Alabang, Muntinlupa – The partnership between P.A. Properties and Hankyu Realty just keeps getting stronger and stronger.
This after top officials of the two realtors inked their Development Management Agreement on 23 February 2018.
SIGNED. P.A. Properties was represented by its Chairman, Romarico T. Alvarez (second from left), and its President, Jonathan G. Lu (left), while Hankyu’s Deputy General Manager Masahiko Toda (third from left) and Corporate Planning Manager Keiji Okamoto (right) signed in behalf of the Osaka-based firm.
The Agreement seals the pact between P.A. Properties and P.A. Properties Hankyu One, Inc. for the development of Idesia Dasmariñas Phase 1 over a land area of 110,707 sq.M in Barangay San Agustin 1.
About P.A. Properties:
For 23 years, Laguna-based P.A. Alvarez Properties and Development Corporation (P.A. Properties) has established itself a name in the competitive Philippine real estate industry by enabling the public to have their dream homes at affordable rates and payment schemes.
The company, which has already built about 19,000 housing units in Laguna, Batangas, Bulacan, Cavite, Pampanga, and Metro Manila, continues to embark on strategic expansion efforts to further build 15,000 more housing units in the next five years, thereby creating comfortable, safe, and joyful Filipino communities.
P.A. Properties, which has a capitalization of PHP2.8 billion (as of October 2017) and sales of P3.08 billion (in 2016), acknowledges that partnering with Hankyu Realty Co., Ltd. in developing ldesia would not only help the company grow its experience, expertise, and technology, but it will also help the company realize its advocacy of helping ease the more than 6 million housing backlog in the Philippines.
About Hankyu Realty:
Founded on February 17, 1947, Hankyu Realty Co., Ltd. of the Hankyu Hanshin Holdings, Inc. has been known for creating attractive and picturesque developments along the railway lines, adhering to the original philosophy of “Open up a town, build dwellings, and cultivate livelihood.”
Hankyu Realty Co., Ltd. (with a capitalization of JP¥12.43 billion as of August 2017), which line of businesses include land, house, and condominium sales; land use (“minds”); real estate mediation and brokerage; renovation and remodeling; land and building rental management, enters the Philippines through a joint venture agreement with P.A. Properties, as aligned with its full-scale overseas expansion, starting in the Southeast Asian region.
Choosing the Philippines as the third country for Hankyu Realty Co., Ltd. expansion is timely considering the country’s growing economy, which is showing an increased demand for buying a house among the young people, and they see that P.A. Properties is able to address such demand, the company noted.
Overall, Hankyu Realty Co., Ltd. will continue promoting real estate development in ASEAN countries (like Thailand and Vietnam, apart from the Philippines) to make its customers’ dream home come true.
To know more about Hankyu Realty, visit http://www.hankyurealty.jp/company/about/about_e.pdf
To know more about Hankyu Hanshin Holdings, visit http://www.hankyu-hanshin.co.jp/en/
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