Surprise Despedida Lunch

Surprise despedida lunch with Team Concepcion 😭

At Bistro88

City Sports Club Cebu

3 big land firms hold P6.7-B payment for Cebu property

Taken from this article on Inquirer.

CEBU CITY—Three big land developers called off the scheduled down payment of P6.7 billion for a 45-hectare property inside the South Road Properties (SRP) after questions were raised on the validity of the lot disposal.

Representatives of the consortium composed of Ayala Land Inc. and SM Prime Holdings Inc., and Filinvest Land Inc. (FLI) informed city officials on Thursday night that they were canceling the turnover of the down payment on Friday morning at City Hall.

After the turnover, the consortium and FLI were supposed to receive notice of award as winning bidders for 26 hectares Lot No. 8-B-1 and 19.2 hectares in SRP, a 300-hectare reclaimed land owned by Cebu City.