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(From BusinessWorld (Philippines))
Byline: Jennee Grace U. Rubrico
BDO Realty Corp., a unit of Sy-controlled Banco de Oro Universal Bank, has entered into joint ventures with three property developers to develop 200 hectares of raw land into residential projects, a company official said.
BDO Realty President Danilo A. Antonio told BusinessWorld the other day that his firm had entered into joint-venture agreements with Sta. Lucia Realty, Silver Star Developers, and Excelsis Land.
Under the deals, the three property developers would turn BDO Realty's idle land into residential projects, making it easier for the company to reduce idle assets. …