Author: siamese401

Read more about it here:
http://www.malaya.com.ph/business-news/special-features/philrealty-back-track-it-exits-rehab

Continue reading “Property Bloom”

Andrew Alcid, a former executive of Citibank and now the incoming president and chief executive of Philippine Realty & Holdings Corp., is focused on his mission and the company’s road to recovery.

With over 25 years of experience in the financial services industry, most notably with Citibank (New York, Los Angeles, Hong Kong and Manila), Merrill Lynch (New York) and Salomon Brothers Inc. (New York), and locally with United Coconut Planters Bank and BDO Unibank, Alcid is determined to help PhilRealty regain its place on top of the local real estate development sector.

Read more about it here:
http://manilastandardtoday.com/2014/06/12/workers-restless-in-mandarin-ex-citibanker-leads-philrealty/

To help boost housing, five new projects, including the new phase of its P10-billion Andrea North in New Manila, Quezon City, will be introduced in Metro Manila and other parts of the country, says new PhilRealty President and CEO Andrew Alcid.

Yes to more housing provisions and development.

PHILIPPINE Realty & Holdings Corp. (Philrealty), which recently emerged from corporate rehabilitation, has signaled that it’s back in business in a big way by attempting to redefine luxury living with its P25-billion real-estate development, called Sky Villas. This development, which promises to rock the local property industry with its own luxury-living concept, would be home to only 108 families. The 31-story Sky Villas, in Andrea North in New Manila, Quezon City, would have four units on each floor, with each unit measuring at least 200 square meters.

Returning property developer Philippine Realty and Holdings Corp. (PhilRealty) said it has a new president and chief executive officer effective Aug. 1, 2014 to replace retiring Amador Bacani.

Andrew Alcid, who has a 25-year experience in financial services, will now lead PhilRealty while Bacani will remain as member of the property developer’s board of directors.

Read more about it here:
http://www.tribune.net.ph/business/philrealty-names-new-president-ceo

Philippine Realty and Holdings Corp (PhilRealty), one of property firms that went under in the aftermath of the Asian financial crisis the late 1990s, has a new chief executive officer. In a statement, PhilRealty said Andrew D. Alcid has been appointed to replace Amador C. Bacani who retires on July 31.

PHILIPPINE Realty and Holdings Corp. (Philrealty), a developer that recently emerged from corporate rehabilitation, has named a former banker as its new president and chief executive officer (CEO).

Andrew Alcid, former Citibanker, has been appointed to lead the company starting on August 1, replacing Amador Bacani, who will step down after serving Philrealty for over 20 years.

Continue reading “Philrealty names new president”

Philippine Realty & Holdings Corp. (PhilRealty), the developer of Philippine Stock Exchange Center and The Alexandra complex at Ortigas, has reported an P11-million total comprehensive income as of the quarter ending March 31, 2014 on revenues of P51.8 million, compared to a P14.2 million loss on P98.4 million of revenues during the same period last year.