Shang Properties Expands Real Estate Portfolio
Shang Properties Inc.’s (PSE: SHNG) subsidiary Shang Property Developers Inc. has agreed with Asian Plaza Inc. (API) and Asian Plaza I Condominium Corp. (APICC) to acquire API’s and APICC’s real properties consisting of a condominium project including building and parcels of land located at the corner of Gil Puyat Avenue, Tordesillas Street, H.V. dela Costa Street, Makati City.
The total purchase price for this transaction is PhP615 million.