Arthaland Secures Prime Real Property in Makati for P1.48B

​Zileya Land Development Corporation (Zileya), a wholly-owned subsidiary of Arthaland Corporation, will acquire the condominium units of ISOC Land, Inc. in Midland Mansions, including the undivided interest of said units in the underlying land equivalent to 1,061.47 sqm, for a total consideration of P1,486,058,000.00, inclusive of Value Added Tax (the "Subject Properties").

Zileya will establish a residential condominium development on the land where the Subject Properties are located.
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Parties agreed on the purchase price at a mutually acceptable consideration with due regard to present market values. Zileya will be using its internal corporate funds to acquire the Subject Properties.

Arthaland Corporation is the only real estate developer in the Philippines with a residential and commercial portfolio 100% certified as sustainable by local and global organizations. It has made its mark in the Philippine real estate industry by pioneering the development and management of exceptional best-in-class properties that adhere to international and local standards.