Junan Holdings (01559) issued an announcement. On December 15, 2023, the seller Metrocity Properties Group, Inc. (an indirect non-wholly owned subsidiary of the company) entered into this agreement with the buyer, Robinsons Land Corporation, in connection with the sale. According to the agreement, the seller has agreed to sell and the buyer has agreed to buy the property at a cost of approximately P927 million.
According to reports, the property is the land and the hotel building. The land is located in Padre Faura St., Brgy. 669 Zone 072, Ermita District, Manila, the Philippines (669 Padrevola Street, Pilongya, District 072, Emita District, Manila, Philippines). The land has a total land area of 3,312 square meters. It is freehold land for commercial and residential development purposes.