In its latest property market briefing poll, Colliers Philippines said that property developers and investors are aggressively and proactively looking for opportunities especially now that the Philippine economy is reopening. “In our poll, 67 percent of respondents said that their employers are already executing back-to-office plans, which in our opinion…
Araneta City mitigates climate change through green, sustainable initiatives cnnphilippines.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cnnphilippines.com Daily Mail and Mail on Sunday newspapers.
Published May 10, 2021, 4:17 PM
Lopez-led First Gen Corporation has cornered another property developer client on its supply of renewable energy (RE) – and its customer this time is Ali Mall in Quezon City of the Araneta group.
In a statement to the media, the Lopez firm noted that power supply agreement (PSA) was cemented between Araneta City Inc. (ACI), which is the property development arm of the Araneta Group; and that of BacMan Geothermal Inc. (BGI), a wholly owned subsidiary of First Gen.
In that supply deal, the Lopez firm will have to deliver 2.1 megawatts of power to the Ali Mall property of the Araneta company. The price of the power offtake agreement had not been disclosed by the parties.