PNB sees P5.8 billion from sale of prime real estate assests

Philstar Global

Apr 2, 2022

EXCERPT


Philippine National Bank (PNB) of tobacco and airline magnate Lucio Tan is looking at raising at least P5.8 billion from the sale of real estate properties strategically located in the National Capital Region (NCR).


The bank is selling a 32,000-square meter commercial lot and building within the Manila Harbor Centre industrial zone in Tondo, Manila with a minimum bid price of P3.2 billion or P100,000 per square meter (sqm).


PNB is also disposing two lots, a 35,255-sqm and another 180-sqm, consisting of a commercial lot and building along Alabang-Zapote Road in Pamplona, Las Piñas City for P2.6 billion or P73,373 per sqm.


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