Industrial assets buoy Letlole�s portfolio

Dunlop warehouse is one of the several industrial properties owned by Letlole
Dunlop warehouse is one of the several industrial properties owned by Letlole

The value of Letlole La Rona’s (LLR) property portfolio has shown resilience to challenges currently facing the market. It achieved a P43.8 million growth for the year ending June 30, 2015, compared to the corresponding period in 2014.

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.

Editor's Comment
Micro-procurement maze demands urgent reform

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...

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