Following the reduction in the par value of its shares and decrease in authorized capital stock in 2007, Arthaland Corporation undertook a recapitalization program which led to the entry of new investors. On November 27, 2008, during the Company's annual stockholders' meeting, a resolution was made to change its name to Arthaland Corporation, which was subsequently approved by the Securities and Exchange Commission on January 26, 2009. This change in name was made to reflect the renewed thrust of the new Board and management of the Company.
Arthaland Corporation is geared to pursuing niche and boutique developments beginning with its land investments in Bonifacio Global City (BGC) as well as opportunistic joint venture developments. The Company's investments include the Exportbank Plaza (previously Urban Bank Plaza), One McKinley Place Condominium, two properties within BGC's E-Square, which is the Philippine Economic Zone Authority (PEZA) area of the BGC, and a property along McKinley Parkway to be developed into a residential project.
One of Arthaland Corporation's subsidiaries include Urban Property Holdings, Inc. (UPHI), which was originally established as a 55-45 joint venture company between ALCO and PR Builders Developers and Managers, Inc. for the development of a housing project on a 331,760 square-meter property in Calamba, Laguna. At present, UPHI has remained non-operational.
Arthaland Corporation wholly owns three other subsidiaries namely, Cazneau Inc., Irmo, Inc., and Technopod, Inc., which are real estate companies. These companies are non-operational to date.
- https://www.affordablecebu.com/
