IRC Properties sees Amaia land deal completed soon

LISTED real estate firm IRC Properties Inc. is looking to finally sign a deed of sale with Ayala Land Inc. unit Amaia Land Corp. for the sale of a parcel of land from the company’s 2,000-hectare property in Binangonan, Rizal.

“The initial sale of 20 hectares land is still in technical due diligence as of now. But we are looking to finalize it in the next two months,” IRC President Esteban Pena Sy told reporters after the firm’s annual stockholders’ meeting on Tuesday.