PRCI acquiring Paco lot for new headquarters
By Neil Jerome C. Morales | The Philippine Star | Updated July 28, 2013 - 12:00am
MANILA, Philippines - Horse racing operator Philippine Racing Club Inc. (PRCI) is spending more than P200 million for the purchase of a Paco property for its new headquarters.
In a regulatory filing, PRCI said its board of directors approved the plan to purchase a 1,924-square meter lot partly owned by its chairman emeritus Santiago Cua.
“The purchase of the property is for the purpose of using it as the main office of PRCI,” the company said.
PRCI earlier transferred its main office to Paco, Manila from Makati to give way for the development of Circuit Makati.
The 21-hectare Circuit Makati, formerly the Sta. Ana racetrack, is the P20-billion mixed-use development anchored on entertainment experiences of property giant Ayala Land Inc. (ALI) and PRCI.
Read More: http://www.philstar.com/business/201...w-headquarters
By Neil Jerome C. Morales | The Philippine Star | Updated July 28, 2013 - 12:00am
MANILA, Philippines - Horse racing operator Philippine Racing Club Inc. (PRCI) is spending more than P200 million for the purchase of a Paco property for its new headquarters.
In a regulatory filing, PRCI said its board of directors approved the plan to purchase a 1,924-square meter lot partly owned by its chairman emeritus Santiago Cua.
“The purchase of the property is for the purpose of using it as the main office of PRCI,” the company said.
PRCI earlier transferred its main office to Paco, Manila from Makati to give way for the development of Circuit Makati.
The 21-hectare Circuit Makati, formerly the Sta. Ana racetrack, is the P20-billion mixed-use development anchored on entertainment experiences of property giant Ayala Land Inc. (ALI) and PRCI.
Read More: http://www.philstar.com/business/201...w-headquarters