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Arthaland Corp Annouces Sale Of 40% Stake Of Cebu Lavana Land For 113.2M Pesos - Land.Net News

Upscale property developer Arthaland Corp. has raised P516 million from the sale of a 40-percent stake in two real estate subsidiaries to a unit of international real estate fund and asset manager Arch Capital Management Co. Ltd.

Arthaland has also consolidated its interest in Cebu Lavana Land Corp. (CLLC), a subsidiary that owns two parcels of adjacent land in Cebu City where office property complex Cebu Exchange was built on.

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