AYALA-LED infrastructure vehicle Prime Orion Philippines Inc. is now in possession of most of the 20-hectare Tutuban property near the Philippine National Railways (PNR), in line with plans to redevelop Tutuban Center and build a transfer station to a major railway project.
In a disclosure to the Philippine Stock Exchange (PSE) on Monday, Prime Orion said the PNR turned over 3 hectares of the leased property along Tayuman to Tutuban Properties Inc. (TPI) in March. TPI is an indirect subsidiary of Prime Orion.
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