A Brown to invest P2.5B in M. Oriental

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A Brown Co. Inc. said it is investing P2.5 billion to develop a portion of Misamis Oriental’s Provincial Capital grounds. 

The company said it is forming a joint venture with the Provincial Government of Misamis Oriental for the project where it will develop the propert into a mixed-use complex that will include needed public infrastructure, construction of a high-rise multi-purpose building, commercial and office buildings, a dormitory, and a public park. 

“The project is to be developed in four parts with total investment committed by the corporation of P2.5 billion,” A. Brown told regulators.

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A. Brown said parts one to three, which comprises phase one of the project will include the development and construction of office Spaces, a commercial/shopping center, a park and parking facilities. 

“Part 4 (phase two) of the project will include the development and construction of a multilevel mixed-use building with a dormitory,” it said.

“The JVA (joint venture agreement) is expected to be signed on January 23, 2025 after which the corporation will be making a more comprehensive disclosure on the final terms and conditions thereof,” the company said.

A Brown is in the midst of expanding its real estate projects, raising P1.5 billion in funding last year. 

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