This post introduced a broker/agent to the principals (EA of a major in major city in Region 1) However the agent and his principal carelessly dropped the same by negotiating over the phone and advancing a crazy deal. They did not examine the opportunities by crashing head on with their offer which the party from the north promptly dropped. These were about a public market venture (their market just burned down) and 4ph (which the principal agent were looking for.
The market deal: It involved an almost one hectare property and can be built on 2- 3 storey configuration and revenues can come from monthly rent, parking and rights. The revenue can amount to
(at 800 estiated locators ) P80M for rights, over P300 m in parking fees and P1,600M in rental for the next 30 years. Rent will be at P32/sm.
The housing 4ph They have a ready package good for 2,000 beneficiary, on 4.7 hectare property. While I though this was on public land, contractors have to obtain the site. I will cost 77 million, for a site near the center of the city. 27 sm, 4 storey, Cost not more than P30,000 sm, selling price not more than 42,000 sm. The estimated Gp here is P300 - 400m.
The principal whom we talked last Friday, who did not do their computations are frantic in running after these deals, But the principals from the north would not like to do anything with them anymore They would like us to do this for them. We have in business for more than 20 years.
This is on top of a memorial park we are about to buy and 3 hectare expansion of the exisiting project we have.
