Business · Philippines Bureau
Manila secures permanent campus site for Universidad de Manila
The City of Manila has completed acquisition of a prime property along C.M. Recto Avenue to establish a permanent home for Universidad de Manila. The eight adjoining lots were purchased from the Land Bank of the Philippines for P975 million.
LSN Philippines ·
Manila Mayor Francisco "Isko" Moreno Domagoso announced Thursday that the city has finalized its purchase of the strategic property holdings along C.M. Recto Avenue in the heart of Manila. The acquisition marks a significant milestone for Universidad de Manila, which has operated without a permanent campus site.
The eight adjoining properties were acquired from the Land Bank of the Philippines at a negotiated price of P975 million. Officials indicated the land's original valuation was substantially higher, representing a favorable transaction for the city government.
The new site on C.M. Recto Avenue positions Universidad de Manila in one of the city's major educational and commercial corridors. The location is expected to enhance accessibility for students and support the institution's long-term academic and administrative operations.
Universidad de Manila, a city-supported tertiary institution, has served thousands of students seeking quality and affordable education in the capital. The permanent campus will allow the university to expand its facilities and academic programs to better serve the Metro Manila region.