PCC approves Rockwell-TGN Realty joint venture

The country’s antitrust body has greenlighted the joint venture between the Lopez family’s Rockwell Land and Pampanga-based TGN Realty Corp.

The project involves the construction of a 36,489 square meter property in Angeles

City into a mixed-use complex.

“Since the transaction is a joint venture formed purely for the construction and development of a residential and/or commercial real estate development, it does not result in substantial lessening of competition in real estate market in Pampanga or nationwide,” the Philippine Competition Commission said.

Rockwell Land also has projects in Bacolod, Laguna, Batangas and Cebu.

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