Author: siamese401

Real estate giant Philippine Realty and Holdings Corp. (PhilRealty) is now officially back in business after years of hiatus as it introduced five posh projects worth P25 billion led by Andrea North along Balete Drive in New Manila, Quezon City.

The grand announcement has been given added significance as shortly after Amador Bacani, PhilRealty president, made the remarks, a disclosure has been released at the Philippine Stock Exchange, giving go-signal to the corporation to start full blast business.

MANILA, Philippines – Reeling under debt for 12 years, property developer Philippine Realty Corp. is making a strong comeback following its exit from court-assisted corporate rehabilitation.

In a briefing yesterday, Philrealty president Amador Bacani said the company is hoping to capitalize on a resurgent real estate market after the Quezon City Regional Trial Court terminated the rehabilitation proceedings following the full settlement of the firm’s obligations.

Read more about it here:
http://www.philstar.com/business/2014/04/01/1307311/philrealty-exits-rehab-sets-strong-comeback

Property-developer Philippine Realty and Holdings Corporation (PhilRealty) has introduced five new products, including the new phase of its upscale P25-billion community development in Quezon City.

In a briefing, Amado Bacani, PhilRealty president said yesterday that these projects also signalled the company’s return to the local property development after its 12-year corporate rehabilitation.

Read more about it here:
http://www.mb.com.ph/philrealty-returns-to-property-devt-with-p25-b-qc-project/

PROPERTY developer Philippine Realty and Holdings Corp. (PhilRealty) said it has exited from its decade-long corporate rehabilitation as the company launched a P10-billion project in Quezon City targeting the high-end market.

Company President Amador Bacani said the Regional Trial Court in Quezon City, approved the exit process on Monday, more than a decade after it entered rehabilitation in late 2002 when it was unable to service debts that ballooned to P3 billion, including interests.

Philippine Realty & Holdings Corp is embarking on new mixed-use projects and acquiring new properties outside Metro Manila after announcing its exit from a court-assisted rehabilitation program.

In a briefing, PhilRealty president Amador C. Bacani said the company received today an order from the Quezon City Regional Trial Court terminating its rehab plan.

Philippine Realty and Holdings Inc. (Philrealty) is aggressively pursuing  luxury real property developments in and outside of Metro Manila after securing the go signal from a Quezon City court to exit corporate rehabilitation program.

Read more about it here:
http://www.gmanetwork.com/news/story/354849/economy/companies/court-greenlights-philrealty-s-corporate-rehab-exit-will-pursue-luxury-developments

Continue reading “PhilRealty ends rehab, pursues luxury projects”

Philrealty launches one of its projects, an upscale residential development in New Manila, Quezon City.

After finally exiting corporate rehabilitation, Philippine Realty and Holdings Corporation (PhilRealty) plans to invest billions of pesos to reclaim its position as one of the leading property developers in the country.