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BusinessWorld December 11, 2020 | 7:49 pm PLDT, Inc. has concluded the sale of the 37-storey Smart Tower in Makati City for $128 million to real estate development company DMC Urban Property Developers, Inc, according to commercial real estate services firm JLL in a statement Friday In an e-mail, JLL, a unit of US-listed Jones Lang La Salle Inc., said its client, PLDT, will continue to occupy the building, which houses the headquarters of its wireless arm, Smart Communications, Inc., “for the next five years via an accompanying leaseback agreement.” “The sale price repr...

Real estate services firm JLL said Friday it concluded the sale of Smart Tower in Ayala Avenue, Makati City, on behalf of its client, PLDT Inc., for $128 million.

PLDT raises more capital than initially targeted in the deal. The tower will still be Smart's headquarters for the next 5 years as specified in a leaseback agreement.

Taking him down. >> the commissioner saying this morning he had trouble reaching james blake to apologize. has the commissioner gotten blake? >> as of right now, it's unclear. so far we haven't heard much. >> okay. we'll -- remains to be seen. i'm sure those two will probably talk at some point. great to see you. still ahead this hour, deflategate, what deflategate? tom brady takes to the field tonight for a game he almost didn't get to play. and we're going to go back to francis rivera in the bronx for today's growing hope special. what's coming up? >> reporter: so much to play with around ...