In a statement, Aeropark Development Philippines, Inc. , a special purpose entity owned by funds managed by CarVal Investors, said it has invested in West Aeropark, a five-building development with a combined gross floor area of 142,000 sqm.West Aeropark was previously owned by Udenna Land’s Global Gateway Development Corporation and was sold for an undisclosed amount.
All five towers have attained pre-certified Gold status under the Leadership in Energy and Environmental Design Core & Shell certification. Since 1987, CarVal’s team has navigated through ever-changing credit market cycles, opportunistically investing $135 billion in 5,630 transactions across 82 countries.
“Proceeds from the transaction will ultimately support Udenna’s ongoing liabilities management exercise,” the statement said.
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