- | Pampanga-based real estate firm to be Ayala subsidiary |
- | ALLHC to build industrial park post-transaction |
| ALLHC buys URDC |
Ayala Land Logistics Holdings Corp. has acquired Unity Realty and Development Corp. for P2.39 billion. To be paid in three installments, URDC will become a subsidiary of ALLHC upon the transaction’s completion.
According to the Ayala-led company, it plans to build an industrial park on URDC’s Pampanga property, as the “transaction further strengthens the vision of [the company] to be the leading real estate logistics and industrial estate developer in the Philippines.”
July 23, 2019 8:47 am