Makati Subway builder hopes to boost property business with infrastructure

ABS-CBN News

Posted at Oct 31 2018 10:26 AM

MANILA -- The builder of the Makati Subway, IRC Properties, said Wednesday it was looking at synergies between its core real estate business and its infrastructure foray.

The company plans to build communities around the $3.7-billion subway, which is envisioned to connect the Makati financial district to other mass transport systems in the capital, said IRC Properties president Antonio Tiu.

"We have several areas identified for acquisition and expansion. Primarily, we will be using infrastructure as a way to develop new property," Tiu told ANC's Market Edge.

IRC Properties is looking at areas where construction can begin after the groundbreaking at the end of the year. It is also fulfilling regulatory requirements, Tiu said.

"There's a lot of things to do," he said. "Connectivity is a must. Our objective is to make this subway really efficient."