PhilRealty ends rehab, pursues luxury projects

The Philippine Realty & Holdings Corporation will undertake various luxury residential and commercial projects in Metro Manila after getting out of a Quezon City court-assisted rehabilitation program, PhilRealty president Amador Bacani said Thursday.

“We can now go back to the market and raise money. There are no plans yet, but we can now tap the capital market for both equity and debt fundraising,” Philrealty director Andrew Alcid said.