A Brown Co., Inc. has announced in a disclosure at the Philippine Stock Exchange that its Board of Directors has authorized the company’s President and Chief Executive Officer to sign a Joint Venture Agreement (JVA) with the Provincial Government of Misamis Oriental. The agreement involves the development of a portion of the Misamis Oriental Provincial Capitol Compound into a mixed-use complex under an integrated Master Development Plan. The project will feature a high rise multi-purpose building, commercial and office buildings, a dormitory, and a public park. A Brown is committing a total investment of P2.5 billion for the project which will be developed in four (4) parts. The JVA is scheduled to be signed on January 23, 2025.
PHASE 1 covering Parts 1-3 of the project will include the development and construction of Office Spaces, a Commercial/Shopping Center, a Park and Parking facilities.
PHASE 2 covering Part 4 of the project will include the development and construction of a Multilevel Mixed-Use building with a Dormitory.
See screenshot of the PSE disclosure below. (SOURCE)
Below is the Capitol Master Development Plan as revealed last year by Misamis Oriental Governor Peter Unabia.
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