Ayala open to 'transparent review' of UP Technohub deal amid probe threat

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MANILA - Ayala Land Inc on Monday said it welcomes a "transparent review" of its lease contract with the University of the Philippines for the Technohub complex in Diliman after Malacañang said it w

MANILA - Ayala Land Inc on Monday said it welcomes a "transparent review" of its lease contract with the University of the Philippines for the Technohub complex in Diliman after Malacañang said it would probe the deal.

"Parang lumalabas na 'yung buong lugar na 'yun is being rented by the Ayalas at less than P20 per square meter for 25 years. Eh kung totoo 'yun eh 'di malaki na naman ang problema," Panelo was quoted as saying. "This was derived from P4.23 billion in lease payments and P6 billion investment in 16 commercial buildings for a total amount of P10.23 billion over the life of the 25-year contract," ALI said in a statement.

 

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Hindi talaga titigil si dotardte hanggat hindi siya makaganti sa mga Ayalas. Lahat na ng kontrata na pinasok nila sa gobyerno nuong hindi pa siya presidente ay pilit na pinababaluktot kay Guevara at Calida.

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