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MANILA, Philippines – Roberto V. Ongpin-led Alphaland Corp. is in talks with several parties, including Philippine Long Distance Telephone Co. (PLDT), for the sale of its prime office property in the Makati central business district.
Alphaland confirmed a report by the Philippine Daily Inquirer that it is selling the 34-storey Alphaland Tower, a Grade-A building in Makati with 48,000 square meters of office space.
“We wish to confirm that the company, through its subsidiary, Alphaland Development Inc., is indeed in talks with several interested parties, including PLDT, for the sale,” the company said in a disclosure to the Philippine Stock Exchange.
No agreement has been finalized. “The company will make the appropriate disclosure at the proper time,” said Alphaland.
PLDT also confirmed the report in a separate disclosure. “PLDT will make the necessary disclosure should the parties reach a definitive agreement on the acquisition.”
Alphaland Tower features state-of-the-art conference centers, meeting rooms and security systems, according to its website.
The lobby has a 10-meter high ceiling and is entirely clad in glass. Each floor covers an area of 1,100 to 1,600 square meters.
READ: PLDT H1 profit grows 2% to P19.7-B
Registered with the US Green Building Council, Alphaland Tower is equipped with environment-friendly systems that help lower carbon footprint and operating expenses. – Rappler.com
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