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Ortigas & Co. to redevelop Pasig estate for P50B (-GMA News Online)

Real estate firm Ortigas & Co is spending P50 billion to redevelop its estate along C-5 road in Pasig City.

In a statement Wednesday, the company said it will redevelop Frontera Verde—a 16-hectare mixed-use estate at the junction of C-5 and Julia Vargas Ave.—and rename it as Ortigas East.

Ortigas & Co. is seeking to turn the area into an extension of the Ortigas central business district.

The P50-billion redevelopment will be executed in three phases. The first phase will bring new residential, retail, and office developments to Ortigas East.

(more of this from the source, GMA News Online: http://www.gmanetwork.com/news/money/companies/642488/ortigas-amp-co-to-redevelop-pasig-estate-for-p50b/story/)

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