4th & 5th JVA SIGNING. Laguna-based P.A. Alvarez Properties & Development Corp. (P.A. Properties) and Japanese real estate giant, Hankyu Hanshin Properties Corp. (HHPC), recently signed their 4th and 5th Joint Venture Agreements (JVA) in Okada Manila. The JVAs will cover the development of Idesia in Cabuyao, Laguna and in San Jose del Monte, Bulacan. Both are additions to the previously signed JVAs covering Idesia Dasmariñas Phase 1 (1st JVA); Idesia Dasmariñas Phase 2 and Idesia Heights (2nd and 3rd JVA). Photo shows, from left: Mr. Jonathan G. Lu, P.A. Properties President; Mr. Romarico “Bing” T. Alvarez, P.A. Properties Chairman; Mr. Masahiko Toda, General Manager, Overseas Business Division, Hankyu Hanshin Properties Corp.; and Mr. Hideyuki Hori, Deputy General Manager, Overseas Business Division, Hankyu Hanshin Properties Corp.
About P.A. Properties Hankyu Hanshin Corp.
P.A. Properties Hankyu Hanshin Corp. is a joint venture between homegrown P.A. Alvarez Properties and Development Corp. (P.A. Properties) and Osaka-based real estate giant Hankyu Realty Co., Ltd. Known for building affordable, quality homes in Laguna, Batangas, Cavite, Bulacan and Metro Manila, P.A. Properties signed the first joint venture agreement (JVA) in June 2017 with Hankyu Realty of Hankyu Hanshin Holdings, Inc., which is known in Japan for developing picturesque communities along railway lines.
Borne out of the shared mission of providing good housing for the working people in the Philippines, while supporting the nation’s economic growth, P.A. Properties-Hankyu One, Inc. officially broke ground on a master-planned community project in Dasmariñas, Cavite called Idesia in December 2017. Idesia is the first phase of the second housing development of P.A. Properties in Dasmariñas whereas it is Hankyu Realty’s third overseas undertaking in Southeast Asia, next to Vietnam and Thailand.
About P.A. Properties:
About P.A. Properties:
Through the 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.
Having built more than 27,000 housing units in Laguna, Batangas, Bulacan, Cavite, Pampanga, and Metro Manila, the company continues to embark on strategic expansion efforts to further build 20 additional housing communities in the next five years to help ease the more than 6 million housing backlog in the Philippines while contributing to the growth of the economy as well.
About Hankyu Hanshin Properties Corp.:
Founded in Osaka, Japan on February 17, 1947, Hankyu Realty Co., Ltd. of the Hankyu Hanshin Holdings 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.”
On April 1, 2018, Hankyu Hanshin Holdings Group consolidated the Hankyu Realty Co. Ltd. and the real estate business departments of both Hankyu Corporation and Hanshin Electric Railway Co., Ltd. to establish a new company, Hankyu Hanshin Properties Corp. The restructuring aims to integrate real estate business resources and know-how of Hankyu Hanshin Holdings Group to establish a framework using collective strengths in order to promote and accelerate the growth of real estate business to the extent possible.
As a core company which carries out the real estate business of Hankyu Hanshin Holdings Group, Hankyu Hanshin Properties Corp. will contribute to expanding the real estate business not only in Umeda and areas along Hankyu lines in Kansai, but also in Tokyo metropolitan area and foreign countries.
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