SUNVAR REALTY Development Corp. on Wednesday said it will vacate the Mile Long property along Amorsolo Street in Makati City, in compliance with a notice issued by a Makati court.
In a statement, Sunvar lawyer Alma Mallonga said it will comply with the Notice to Vacate issued by Makati Regional Trial Court branch 141 on Tuesday. The notice gives Sunvar, the company owned by the Rufino-Prieto family, and its tenants three days to leave the Mile Long premises.
The Makati RTC had issued the notice after the resolution promulgated by the Court of Appeals had directed it to enforce the 2015 decision of the Metropolitan Trial Court of Makati (MeTC) Branch 61, ordering Sunvar to vacate Mile Long and pay back rentals.
“While Sunvar has appealed the MeTC Decision, it is committed to abiding by the legal process,” Ms. Mallonga said.
Further, Ms. Mallonga maintained Sunvar entered into a “legitimate commercial transaction” for the lease of the undeveloped land around 35 years ago. She added the company has paid P16.8 million as advance rentals and “millions more” to build roads, buildings and infrastructure on the Mile Long property.
“It has pursued legal remedies to resist ejectment firmly believing there is a binding contractual commitment on the part of the government to honor a lease that is set to expire only in 2027. Sunvar understands that the government has taken an opposite view. Sunvar continues to have faith in the law and legal process,” the lawyer said.
