The Rufino-Prieto landlord clan that developed the Mile Long and Makati (Cinema) Square have laid the groundwork for their Philippine Daily Inquirer to pivot into real estate, as well.
After "buying" the Inquirer land and then leasing the same property to the bleeding broadsheet-tabloid, the Inquirer señoras then quietly transferred the controlling ownership of the Philippine Daily Inquirer to a real estate company, also controlled by them.
(For doubting Thomases, check out the screenshot.)
With a total area of 1,990 square meters, the Inquirer property at the intersection of Chino Roces Avenue and Yague and Mascardo streets adjoins the much bigger half of the street block, also owned by the Rufino-Prietos, that houses the printing press and newsprint warehouse.
The combined properties are big enough to accommodate a mixed-use development with the footprint and vertical reach of the, hmmm, similarly flood-prone Makati Cinema Square.
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