If reports are correct, Malaysian multinational conglomerate Berjaya Corp. is slowly preparing the first steps to build a five-star hotel at the very heart of Makati City.
A reliable source told the Manila Standard that Berjaya—which is into hotel business and car dealerships—has reportedly chosen a strategic location for the project. The site is the present site of the eight-story Atrium condominium along Makati Avenue, which previously housed the Home Development Mutual Fund, or Pag-IBIG.
“Apparently, Berjaya Corp. has purchased the majority of the independent owners of the Atrium condominium,” the source said. The Atrium is 60-percent owned by Pag-IBIG and 40 percent by independent owners. “And many owners have already sold their units in the building,” he said.
He said one proof that Berjaya indeed had “arrived” in the Atrium was the presence of Mazda vehicles in the parking lot of the basement. Berjaya Auto Philippines Inc. became the new distributor of Mazda in the Philippines on Jan. 1, 2013.
The source said the Mazda vehicles were parked temporarily at the Atrium’s basement prior to their delivery to dealers.