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Arthaland sets P7.4-B capex

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Upscale and green property developer Arthaland Corporation is allotting P7.4 billion for capital expenditures this year as it plans to launch two projects with a gross development value of P17.5 billion this year.

During the firm’s annual stockholders’ meeting, Arthaland Vice Chairman and President Jaime C. González said the capex budget will be used to fund land acquisition as well as for the development of on-going projects.The P17.5 billion-worth of projects slated for launching this year includes Eluria, six mid-rise buildings within the follow-on component of Sevina Park, as well as the commercial lots for sale also in Sevina Park.

“This ultra low density, multi-certified residential address will offer spacious limited edition designer homes elevated with unsurpassed quality, attention to detail, and exceptional white glove service,” said Gonzalez. “This will be our flagship project that will expand Arthaland’s horizon and cater to a broader market segment,” said Gonzalez.

 

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