Property

Parklinks positive in 2020: Lucio Tan earns P119M from Ayala joint venture in C-5

Bilyonaryo Lucio Tan has started booking profits from his 50-50 township, joint venture with the Ayalas last year.

Bilyonaryo Lucio Tan has started booking profits from his 50-50 township, joint venture with the Ayalas last year.

Tan’s Eton Properties reported P119.052 million income from the Parklinks project with Ayala Land Inc., a sharp reversal from the combined P58.647 million losses in 2019 and 2018.

Eton has already invested P4.5 billion in Parklinks since inking the partnereshp with ALI to develop the 32-hectare property in Pasig and Quezon City in 2016. The mal and towers will carry ALI’s brands.

Ayala Premier eyes P12.7B from first condo in Parklinks

0 0 votes
Article Rating
Subscribe
Notify of
guest

This site uses Akismet to reduce spam. Learn how your comment data is processed.

0 Comments
Inline Feedbacks
View all comments
0
Would love your thoughts, please comment.x
()
x