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BusinessWorld
December 11, 2020 | 7:49 pm
PLDT, Inc. has concluded the sale of the 37-storey Smart Tower in Makati City for $128 million to real estate development company DMC Urban Property Developers, Inc, according to commercial real estate services firm JLL in a statement Friday
In an e-mail, JLL, a unit of US-listed Jones Lang La Salle Inc., said its client, PLDT, will continue to occupy the building, which houses the headquarters of its wireless arm, Smart Communications, Inc., “for the next five years via an accompanying leaseback agreement.”
“The sale price represents the largest commercial real estate transaction completed in the Philippines in 2020,” it added.
SunStar
File December 11, 2020 DEPARTMENT of Health (DOH) Undersecretary Maria Rosario Vergeire again sought the help of local government units (LGUs) in enforcing the minimum public health safety protocols during the holidays.
Vergeire said local officials should constantly remind their constituents to wear face masks and face shields, and practice physical distancing to prevent a post-holiday surge in coronavirus disease 2019 (Covid-19) cases.
“Sa darating po na holiday season, humihingi po kami ng tulong sa inyo. We are looking at a possible surge come January kung hindi po natin mako-control ang activities ng mga kababayan natin this holiday season,” Vergeire said in a virtual forum of the Union of Local Authorities of the Philippines on Thursday, December 10, 2020.
Real estate services firm JLL said Friday it concluded the sale of Smart Tower in Ayala Avenue, Makati City, on behalf of its client, PLDT Inc., for $128 million.