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Splash & Vista Land unit in property venture |
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Written by ABS-CBN Interactive
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Wednesday, 28 November 2007 |
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 Newly listed Splash Corp. said Tuesday it is finalizing an agreement with Polar Mines Realty Ventures Inc., a subsidiary of Villar-led Vista Land & Lifescapes Inc., for the joint development of its property located at the Ortigas business district.
The company declined to give details on the project pending the signing of the agreement. In a separate disclosure, Vista Land said the agreement on the joint venture would be signed within the week.
Once finalized, the project would mark Splash's first entry into the property development business.
Splash, a wholly Filipino-owned personal care products manufacturer, conducted an initial public offering last Nov. 15, raising P2 billion in proceeds which will be used for the acquisition of new brands and overseas expansion.
Vista Land, on the other hand, has other ongoing real estate projects this year which include the three-tower L. Laureano di Trevi in Makati, the 42-storey Avant in Fort Bonifacio, the five-tower Marfori Residences in Muntinlupa and the three-tower mid-rise Pacific Residences in Taguig.
[ABS-CBN Interactive]
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Last Updated ( Wednesday, 28 November 2007 )
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Real Estate News