In The News

Pronove Tai facilitates sale transaction for Bankers Association of the Philippines (BAP)

PT Updates

Pronove Tai_ Bankers Association of the Philippines

(L – R Standing) Atty. Allan Busmente, Legal Counsel-Maayo Holdings Inc. & Makati Agro Trading Inc., John Gulbe, Associate Director- Pronove Tai, Atty. Elmer B. Serrano, Corporate Secretary & Legal Counsel-BAP,  Atty. Tephanie M. Gandia,  Legal  Counsel-BAP.

(L – R Sitting), Monique Cornelio-Pronove, Chief Executive Officer-Pronove Tai, Atty. Laura Love Guevara, Legal Counsel-Maayo Holdings Inc. & Makati Agro Trading Inc., William Chang, Representative-Maayo Holdings Inc. & Makati Agro Trading Inc., Nestor V. Tan, President-BAP,  Cesar O. Virtusio, Managing Director-BAP,  Connie L. Justiniani, Deputy Director-BAP.

Pronove Tai brokered the sale transaction between Maayo Holdings Inc. & Makati Agro Trading Inc. (MATI) and the Bankers Association of the Philippines (BAP). BAP will be moving to their new office at Citibank Tower by the 1st quarter of 2017.

The Bankers Association of the Philippines is a non-stock and non-profit organization with the distinct purpose and objectives of furthering the interest of banks and enhancing their values to trade, commerce, industry, agriculture, and the public. BAP has 39 commercial banks as members of which 21 are local banks and 18 are foreign bank branches.

Pronove Tai’s Agency Leasing professionals work closely with commercial property owners/investors and tenants/ occupiers working to optimize the value of assets, awareness, stabilize occupancy through leasing and tenant retention, achieve market rents, and enhance investment value. They share a dual purpose: to realize client's real estate objectives and investment criteria and to develop relationships that result in long-term partnerships.

As part of the services rendered by Pronove Tai, Capital Markets undertakes analysis, site identification, highest and best use determination, purchase price negotiation, transaction negotiation to ensure optimum return, sale term design, prospectus preparation, buyer prospecting, rate negotiation, and transaction documentation.