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8990 Holdings in talks with Primex for joint Venture

LEADING mass housing developer 8990 Holdings is looking to partner with publicly-listed real estate firm Primex Corp.

8990 Holdings president Januario Jesus Atencio told reporters in a recent briefing that the company was looking to explore and develop Primex’s vast, but idle landholdings.

“They’ve got a land bank that’s wonderful. Some of these properties … are ideal for mass housing,” Atencio said.
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He said, however, that negotiations were still ongoing and that no deal had been signed yet. He said the company will come up with firmer plans in a month’s time.