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DMCI buys Philex Mining HQ in Pasig
by ABS-CBNnews.com | Friday | Posted at 07/18/2014 11:33 PM | Updated as of 07/18/2014 11:33 PM

MANILA -- Philex Mining will be looking for a new home after selling its decades-old headquarters in Pasig. Philex Mining on Friday said it raised P777 million from selling the property without providing more details.

DMCI, a major developer in the area, said it was the buyer of the 1.2 to 1.3-hectare property. That meant it paid about P64,750 - P59,769 per square meter. DMCI built a residential and office project in the area that was Globe Telecom's headquarters until last year. It has since built several other residential projects there.
 

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According to the Cover Sheet of Philex Mining: At the meeting of the Board of Directors on June 25, 2014, the Board authorized the sale of the Company’s Pasig head office property consisting of 15,721 sq. m. to DMCI Project Developers, Inc. (DMCI). The total selling price is P777.4 Million, exclusive of value added tax (VAT) of P93.3 Million. The property will be turned over to DMCI in June 2016.

So..... wait pa tyo JUNE 2016
 

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