Araneta Properties

Araneta Properties Inc. is a publicly listed real estate company involved in real estate development headed by Gregorio Maria Araneta III, a member of the Araneta family.

Araneta Properties Inc.
TypePublic
PSE: ARA
FoundersGregorio Maria Araneta III
Headquarters21/F Citibank Tower, Paseo de Roxas cor. Valero St., Salcedo Village, Makati, Philippines
Area served
Philippines
Websitewww.aranetaproperties.com

History

The Araneta Properties Inc. was originally incorporated as Integrated Chrome Corporation (INCHROME) on June 15, 1988, with operations involving in Ferrochrome and Chromite smelting. The company stopped its operations in January 1966, and changed its name to Araneta Properties Inc., with the business focusing more on real estate while maintaining its smelting operations.[1]

The Araneta Properties Inc., along with Sta. Lucia Land Inc. signed a joint venture project in developing the Colinas Verdes Estates, a 230 hectares (570 acres) estates in 2003, involving housing developments and a golf course. In November 2019, Araneta and Sta. Lucia announced an additional 58 hectares (140 acres) expansion project.[2][3] The company is also involved in the development of The Altaraza,[4] a 120 hectares (300 acres) residential and commercial venture with Ayala Land, both located at San Jose del Monte, Bulacan. The company now aims to develop a 140 hectares (350 acres) new financial district in Caloocan, near the MRT 7 project.[5][6]

References
  1. "Company Information". Retrieved 3 March 2020.
  2. "Araneta, Sta. Lucia Land sign joint venture deal to expand Bulacan project". philstar.com. Retrieved 4 March 2020.
  3. Mawis-Aliston, Arch Vittoria Lou. "The thrill of the north". business.inquirer.net. Retrieved 4 March 2020.
  4. "Altaraza | Ayala Land Estates Bulacan". Ayala Land.
  5. Dumlao-Abadilla, Doris. "Araneta eyes financial center in burgeoning Caloocan". business.inquirer.net.
  6. "Greggy Araneta to create Caloocan's first CBD". philstar.com.
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