There are plans to accelerate spending once Ortigas & Co.’s master plan for its mixed-use projects is finalized. In an interview last week, president and CEO Jaime E. Ysmael said that the developer is investing P7 billion this year, which is funded mostly by bank borrowings.
To quote Mr. Ysmael: “In the future, we want to accelerate the pace of development so that number will probably have to increase.” The new five-year plan will capitalize on the strength of their mixed-use projects, particularly the Greenhills Shopping Center in San Juan and the 12-ha Circulo Verde.
