{"id":19525,"date":"2024-07-01T03:03:20","date_gmt":"2024-07-01T03:03:20","guid":{"rendered":"https:\/\/energybuzz.ph\/staging\/6915\/arthaland-nears-deal-for-two-acquisitions\/"},"modified":"2024-07-01T03:03:20","modified_gmt":"2024-07-01T03:03:20","slug":"arthaland-nears-deal-for-two-acquisitions","status":"publish","type":"post","link":"https:\/\/energybuzz.ph\/staging\/6915\/arthaland-nears-deal-for-two-acquisitions\/","title":{"rendered":"Arthaland nears deal for two acquisitions"},"content":{"rendered":"
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LISTED property developer Arthaland Corp. said it is nearing a deal to acquire two properties for development over a 10 to 15-year period.<\/span><\/p>\n

\u201cWe\u2019ve made significant gains in steps to close and finalize the acquisition of these properties,\u201d Arthaland Executive Vice-President Christopher G. Narciso said during the company\u2019s annual stockholders\u2019 meeting on Friday last week.<\/p>\n

\u201cOne is a 3.6-hectare property, which we refer to as Project Olive, situated by the entry of one of the most premium central business districts in Metro Manila; another one is a five-hectare property\u2026 situated in the heart of a very prime metro city in Southern Philippines,\u201d he added.<\/span><\/p>\n

Mr. Narciso also said that Arthaland is in talks to acquire more properties across Metro Manila to boost the company\u2019s project pipeline.<\/span><\/p>\n

\u201cApart from these multi-hectare properties, we are also currently negotiating various properties in and around Metro Manila for dual tower projects and single tower projects,\u201d he said.<\/span><\/p>\n

\u201cWe will disclose additional information on these opportunities at the appropriate time,\u201d he added.<\/span><\/p>\n

Meanwhile, Arthaland Vice-Chairman and President Jaime C. Gonzalez said the company is focusing more on residential projects instead of office projects as it monitors the impact of remote work on office space demand.<\/p>\n

\u201cWe are focusing on residential projects because we need to understand the full impact of work-from-home and hybrid programs that many companies are implementing, driven mostly by the young employees, as well as the impact of artificial intelligence in what might result in a change in the way work is being performed,\u201d he said.<\/span><\/p>\n

\u201cUntil we fully understand this impact, we are being very careful in implementing projects involving office space,\u201d he added.<\/p>\n

For the first quarter, Arthaland\u2019s net income dropped by 13.3% to P123.15 million from P142.08 million a year ago.<\/p>\n

Arthaland shares were last traded on June 28, closing at P0.485 per share. \u2014 Revin Mikhael D. Ochave<\/b><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

LISTED property developer Arthaland Corp. said it is nearing a deal to acquire two properties for development over a 10 to 15-year period. \u201cWe\u2019ve made significant gains in steps to close and finalize the acquisition of these properties,\u201d Arthaland Executive Vice-President Christopher G. Narciso said during the company\u2019s annual stockholders\u2019 meeting on Friday last week. [\u2026]<\/div>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","footnotes":""},"categories":[1],"tags":[17418,18570,14644,2542,168,6948,2454],"class_list":["post-19525","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-acquisitions","tag-arthaland","tag-bworldonline","tag-deal","tag-for","tag-nears","tag-two"],"yoast_head":"\nArthaland nears deal for two acquisitions - Energy Buzz<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/energybuzz.ph\/arthaland-nears-deal-for-two-acquisitions\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Arthaland nears deal for two acquisitions - Energy Buzz\" \/>\n<meta property=\"og:description\" content=\"LISTED property developer Arthaland Corp. said it is nearing a deal to acquire two properties for development over a 10 to 15-year period. \u201cWe\u2019ve made significant gains in steps to close and finalize the acquisition of these properties,\u201d Arthaland Executive Vice-President Christopher G. 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