Billionaire Enrique K. Razon Jr., chairman of gaming firm Bloomberry Resorts Corp., on Thursday said the development of the company’s Ternate property will depend on the operations of Solaire’s gaming and entertainment facility in Quezon City. Know more:
Billionaire Enrique K. Razon Jr., chairman of gaming firm Bloomberry Resorts Corp., on Thursday said the development of the company’s Ternate property will depend on the operations of Solaire’s gaming and entertainment facility in Quezon City.
Razon said during the company’s annual stockholders’ meeting that Bloomberry’s 2.79 million square meters of land in Paniman area in Ternate, Cavite will be landbanked pending the completion of the construction of Solaire Resort North in Vertis North, Quezon City. The construction of Solaire North was delayed during the pandemic, mostly as a result of the lockdowns. Razon said it saw further delays even after the restrictions were eased as supply chain disruptions affected the delivery of the components required by the property.
In May 2022, Bloomberry through its unit Solaire Properties Corp., entered into an agreement with a group of landowners comprising of Panlilio-owned Boulevard Holdings Inc., Puerto Azul Land Inc., Ternate Development Corp. and Monte Sol Development Corp. for the purchase of 2.79 million square meters of land in the Paniman area in Ternate, Cavite at an average price of P2,700 per square meter.
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