Mile Long (Makati)
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Makati
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Government wins Court of Appeals case on ‘Mile Long’ property
By BusinessMirror - JUNE 21, 2017
THE Court of Appeals (CA) has ruled in favor of the government on the case involving the controversial “Mile Long” property in Makati City.
This was the very property that President Duterte cited when he lambasted the Rufinos and Prietos for getting the property, to the disadvantage of the Philippine government and for which the President accused them of tax evasion and nonpayment of rentals.
It granted relief to the plea of the government to dismiss the case after the RTC issued a temporary restraining order (TRO) on August 13, 2016, that halts the ruling of the Metropolitan Trial Court, which ordered Sunvar Realty to vacate the premises and pay back rentals amounting to P478,200,600 as of May 15, 2015, with monthly rental of P3,209,400 beginning on June 15 up to and until defendant shall have vacated the premises.
Petitioners the government and National Power Corp. (NPC) are the registered owners of several parcels of land between Pasong Tamo and Vito Cruz Extention in Makati City, with a total area of 125,607 square meters, more or less covered by four Transfer Certificates of Title.
Sunvar introduced improvements consisting commercial buildings that are known today as Premier Cinema, Mile Long Arcade, Makati Creekside Building, Gallery Building and Sunvar Plaza.
By BusinessMirror - JUNE 21, 2017
THE Court of Appeals (CA) has ruled in favor of the government on the case involving the controversial “Mile Long” property in Makati City.
This was the very property that President Duterte cited when he lambasted the Rufinos and Prietos for getting the property, to the disadvantage of the Philippine government and for which the President accused them of tax evasion and nonpayment of rentals.
It granted relief to the plea of the government to dismiss the case after the RTC issued a temporary restraining order (TRO) on August 13, 2016, that halts the ruling of the Metropolitan Trial Court, which ordered Sunvar Realty to vacate the premises and pay back rentals amounting to P478,200,600 as of May 15, 2015, with monthly rental of P3,209,400 beginning on June 15 up to and until defendant shall have vacated the premises.
Petitioners the government and National Power Corp. (NPC) are the registered owners of several parcels of land between Pasong Tamo and Vito Cruz Extention in Makati City, with a total area of 125,607 square meters, more or less covered by four Transfer Certificates of Title.
Sunvar introduced improvements consisting commercial buildings that are known today as Premier Cinema, Mile Long Arcade, Makati Creekside Building, Gallery Building and Sunvar Plaza.
Nearby cities:
Coordinates: 14°33'15"N 121°0'52"E
- JAKA Center 0.6 km
- Vacant lot 0.6 km
- Xytron International Inc. 0.6 km
- Washington 0.7 km
- cityland tower 8 0.8 km
- Dole Philippines Inc. Fresh Foods Division office 0.8 km
- Kilton Motor 0.9 km
- Makati Fire Station (U.C.) 0.9 km
- Quidos Place 0.9 km
- Werdenberg International Corp. 1 km
- Kayamanan A 0.3 km
- Makati Medical Center 0.5 km
- City Gate 0.7 km
- Makati Central Business District (Downtown Makati) 0.7 km
- SM Hypermarket Makati 0.8 km
- The Rise Makati 0.9 km
- Buendia-Gil Puyat Intersection 0.9 km
- Avida Towers Asten 0.9 km
- Cash & Carry Mall 1 km
- Society of St. Paul 1.1 km