President Rodrigo Duterte has ordered five agencies to work on a plan to redevelop the Mile Long property in Makati, three years after the government took back the lot from a private firm.
Duterte directed the Department of Finance, the Department of Budget and Management, Bureau of the Treasury, Privatization Management Office , and the Bases Conversion and Development Authority to form a technical working group and craft a redevelopment and privatization plan for the two-hectare property through Administrative Order No. 21 issued on January 29.
The PMO has been in charge of the property along Amorsolo Street in Legaspi Village, which used to be occupied by Sunvar Realty Development Corporation. The company reportedly owes ₱1.676 billion in unpaid rent, excluding interest, to the state. Sunvar is owned by the Prieto and Rufino families. They also own the Philippine Daily Inquirer, a broadsheet often criticized by the President.Solicitor General Jose Calida previously said that Sunvar occupied the prime lot in the Makati Business District since 1982 under a lease agreement that expired in 2002. The company continued to rent out the space for 14 years without paying anything to the government, instead lodging a legal battle for the space.
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