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Commission Decision No. 08-M-006/2019: In the Matter of the Proposed Acquisition by League One, Inc. of Assets of Alphaland Southgate Tower One, Inc.

/ Commission Decision No. 08-M-006/2019: In the Matter of the Proposed Acquisition by League One, Inc. of Assets of Alphaland Southgate Tower One, Inc.

Commission Decision No. 08-M-006/2019: In the Matter of the Proposed Acquisition by League One, Inc. of Assets of Alphaland Southgate Tower One, Inc.

Commission Decision No. 08-M-006/2019:
In the Matter of the Proposed Acquisition by League One, Inc. of Assets
of Alphaland Southgate Tower One, Inc.

 

[MAO Case No. M-2019-006]

 

ABSTRACT:

The proposed transaction is the acquisition of the Alphaland Southgate Tower property for an agreed price of Php5 Billion.

The seller is Alphaland Southgate Tower, Inc., a domestic corporation primarily engaged in real estate development. The buyer, on the other hand, is League One, Inc., a domestic corporation engaged in investing, developing, transferring and disposing real and personal properties.

The Subject Property is composed of:
1. Two adjoining parcels of land with a total area of 9,497 square meters located at Pasong Tamo Ext. cor. EDSA, Makati City and registered in the name of Alphaland Corporation.
2. A 19-storey building situated in the said parcels of land with a total floor area of 76,976 square meters
3. Various Machinery installed/situated in the building.

Considering that subject of the present acquisition is land and building, League One, Inc. will not acquire control nor become a shareholder of Alphaland Southgate Tower.

1678152386_Commission-Decision-No.-08-M-006-2019_LeagueOne-Alphaland.pdf

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