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                    [ArticleID] => 305153
                    [Title] => UCPB sells entire stake in Forbes Tower
                    [Summary] => United Coconut Planters Bank (UCPB) is selling its entire stake in Forbes Tower, a high-rise luxury residential condominium in Makati, for P3 billion.


The condominium, which has since been renamed Fraser Place, is co-owned with Fraser Serviced Residences Pte. Ltd., a Singapore-based institutional property.


UCPB vice president for asset management and disposition division Christine Carandang said that with the strong performance of the serviced apartments segment, investor interest is expected to heighten.


                    [DatePublished] => 2005-11-04 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] => Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
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BEST PREMIERE INTERNATIONAL SERVICED RESIDENCE

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                    [ArticleID] => 305153
                    [Title] => UCPB sells entire stake in Forbes Tower
                    [Summary] => United Coconut Planters Bank (UCPB) is selling its entire stake in Forbes Tower, a high-rise luxury residential condominium in Makati, for P3 billion.


The condominium, which has since been renamed Fraser Place, is co-owned with Fraser Serviced Residences Pte. Ltd., a Singapore-based institutional property.


UCPB vice president for asset management and disposition division Christine Carandang said that with the strong performance of the serviced apartments segment, investor interest is expected to heighten.


                    [DatePublished] => 2005-11-04 00:00:00
                    [ColumnID] => 133272
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                    [AuthorName] => Ted P. Torres
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UCPB sells entire stake in Forbes Tower

By Ted P. Torres | November 4, 2005 - 12:00am

United Coconut Planters Bank (UCPB) is selling its entire stake in Forbes Tower, a high-rise luxury residential condominium in Makati, for P3 billion. The condominium, which has since been renamed Fraser Place,...

Business