Controversy between PICAR and Century Properties

Controversy between PICAR and Century Properties

The following are two recent reports as to the current situation in Makati.

Court ruling benefits two feuding developers

http://www.tribune.net.ph/business/court-ruling-benefits-two-feuding-developers

Written by  Ed Velasco | Monday, 27 January 2014

Two feuding property giants, Picar Development Inc. and Century City Development Corp. (CCDC), benefitted from a Makati Regional Trial Court order over a disputed road that both companies co-owned along Kalayaan Avenue in Makati.
The Makati RTC has prohibited CCDC from resuming construction work and other alterations on a stretch of road along Kalayaan Avenue in Makati which it co-owns with Picar Development Inc.
The injunction issued recently said Century admitted in court that the 4,462 square meter property is co-owned with Picar.
CCDC said it respects the court’s issuance of a writ of preliminary injunction to maintain the status quo in the common-owned road, even as it maintains its position and resolve that the remaining works on the said road must be completed for the benefit of both its clients and the general public.
CCDC which is the majority owner of the former International School Property, maintains that it has conducted works on the common-owned road with the proper permissions and in full compliance with the law.
CCDC said it, however, considers the court’s latest order for Picar to remove their barricade on the common-owned road last Friday, as a positive development, as it provides relief to residents and tenants who have now regained access to the road.
Picar asked for the partitioning of the property.
Until that happens, the court said Picar’s right must be respected by Century which on two occasions last December “forcibly” installed traffic lights and signages, and did construction and landscaping works in the area without the consent of Picar.
The court said if Century can “arrogate (upon itself) the administration and use of the co-owned property…(Picar) would be effectively deprived of its property without due process.”
Hence, it added, Picar has the “right to be notified and to give or withhold its consent” to Century’s work proposal.
The co-owned road is flanked by the two condominium towers which the two companies are building separately: Stratford Residences and Gramercy.
In front of Stratford is Buddha Bar.
This is not the first skirmish between the two companies. Last year, Picar complained that Century added additional floors on its Gramercy condominium without the proper permits.
Picar, which claims to have the tallest residential condominium tower in the country, said Century pitched Gramercy as the tallest as a result of the extra floors.
The Makati RTC branch issued two successive court orders, the first on Jan. 16 and the second on Jan. 23 that compelled Picar (Development Corp.) to remove the boom gates, buses and other motor vehicles that it used to barricade a road that it co-owns with a neighboring project, while at the same time issued a writ of preliminary injunction ordering CCDC to refrain from conducting final works on the road.

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Makati RTC issues injunction vs Century

http://www.mb.com.ph/makati-rtc-issues-injunction-vs-century/

January 27, 2014

Judge Bonifacio S. Pascua of the Makati Regional Trial Court has prohibited Century City Development Corp. (CCDC) from resuming construction work and other alterations on a stretch of road along Kalayaan Ave in Makati which it co-owns with Picar Development Inc.
The injunction issued last Friday said Century had admitted in court that the 4,462 square meter property is co-owned with Picar.
Picar has asked for the partitioning of the property. Until that happens, the court said Picar’s right must be respected by Century which on two occasions last December “forcibly” installed traffic lights and signages, and did construction and landscaping works in the area without the consent of Picar.
The court said if Century can “arrogate (upon itself) the administration and use of the co-owned property…(Picar) would be effectively deprived of its property without due process.”
Hence, it added, Picar’s has the “right to be notified and to give or withhold its consent” to Century’s work proposal.
The co-owned road is flanked by the two condominium towers the two companies are building separately: Stratford Residences and Gramercy. In front of Stratford is Buddha Bar.
This is not the first skirmish between the two companies. Last year, Picar complained that Century added additional floors on its Gramercy condominium without the proper permits.
Picar, which claims to be the tallest residential condominium tower in the country, said Century pitched Gramercy as the tallest as a result of the extra floors.