IRC finalizes talks on sale of landbank By Neil Jerome C. Morales - TopicsExpress

IRC finalizes talks on sale of landbank By Neil Jerome C. Morales (The Philippine Star) philstar/business/2013/08/18/1102321/irc-finalizes-talks-sale-landbank MANILA, Philippines -Real estate developer IRC Properties Inc. is finalizing negotiations to sell some of its landbank to another listed property firm. “The company is in the final stages of selling part of its landholdings to a Philippine publicly-listed premier real estate developer,” IRC Properties said. “This is the culmination of more than a year of due diligence by the buying entity,” it said, adding that financial closing is expected this quarter. Company officials were not immediately available for comment.

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