Asia Brewery president Michael Tan is investing in a real estate company developing a vacation home project in Talisay, Batangas.
Havitas Properties was established by real estate veterans Alejandro Mañalac, Jonathan Caro, Erwin de Pedro and David Rafael. The company founders are all former and current senior executives from the Philippine’s top real estate developers.
They are joined by Robin Karlsen, who brings to the team extensive international and local market experience in land acquisitions for international real estate developers, the company said.
Havitas said Tan is investing in his personal capacity.
Caro said ownership in Havitas is equally shared among them even with the entry of Tan.
In Talisay, Batangas, Havitas is developing a four- hectare property into a resort-style townhouse dubbed AYA Hills that will be sold at an average of P10 million.
It is slated to be introduced in the fourth quarter of 2023.
“Given our wide and complementary fields of expertise, we are able to look at a potential project from distinct angles and come up with a market leading development strategy,” said Mañalac, who sits as chairman.
