DMCI buys Philex Mining HQ in Pasig


Posted at Jul 18 2014 11:33 PM | Updated as of Jul 19 2014 07:33 AM

MANILA -- Philex Mining will be looking for a new home after selling its decades-old headquarters in Pasig.

Philex Mining on Friday said it raised P777 million from selling the property without providing more details.

DMCI, a major developer in the area, said it was the buyer of the 1.2 to 1.3-hectare property. That meant it paid about P64,750 - P59,769 per square meter.

DMCI built a residential and office project in the area that was Globe Telecom's headquarters until last year. It has since built several other residential projects there. - ANC