Far Property set to expand footprint to Zambia

The company, which is owned by Choppies Group directors Ramachandran Ottapathu and Farouk Ismail, maintained a strong asset growth, recording P1.38 billion of assets while reducing the loan to asset ratio to 33% in the six months ended December 2016.

In a statement accompanying their results for the six months period, Ottapathu said they are looking to acquire more properties locally and internationally, noting that acquisition of new investment properties in South Africa and Zambia are under negotiation.