Industrial assets buoy Letlole�s portfolio
Tuesday, November 17, 2015
Dunlop warehouse is one of the several industrial properties owned by Letlole
According to their annual report, the LLR portfolio was valued at a recorded P622.3 million compared to the P578.5 million registered the year before on the back of strong support from industrial properties.
Property experts have indicated that the prices have been dropping recently as supply outstripped demand, particularly in the office space.
Whilst celebrating milestones in inclusivity, with notably P5 billion awarded to vulnerable groups, the report sounds a 'siren' on a dangerous and growing trend: the ballooning use of micro-procurement. That this method, designed for small-scale, efficient purchases, now accounts for a staggering 25% (P8 billion) of total procurement value is not a sign of agility, but a 'red flag'. The PPRA’s warning is unequivocal and must be...