B & A Bicutan Groundbreaking

Another year,another business venture. Palawan Pawnshop CEO and President Bobby L. Castroled the groundbreaking ceremony on January 14, 2019 of the B & A BicutanProject, named after him and his wife, Angelita. Purchased in 2016, the 2,671 m²lot area in Bicutan, Parañaque City will soon rise a 11-level commercialbuilding that is inspired by the 168 Mall in Binondo, Manila. It will offerlong-term leasing opportunities for restaurants, convenience stores, entertainments,events place and small shops that huge competing malls could not cater.

B & ABicutan will be managed by XRC Mall Developer, Inc., the PPS PEPPS’s partnerdeveloper for this project. XRC Mall Developer, Inc. is the company beyond thecommunity malls in fast growing cities and municipalities of Rizal province.

Among theattendees of the groundbreaking ceremony are Board of Directors AngelitaCastro, Karlo Eugene Josef Castro, Lilian Concepcion Selda, and Roberto BenCastro. Present also are XRC Chairman Mr. Alexander Cruz with his two sons,Xevier and Xerex; XRC President Ramon Bachoco, Arch. Paolo Angeles, the man behindthe schematics of the building; building contractors Rico Maceda and DennisBelmonte; Prof. Raymundo Roberto and wife, Vicky; selected Palawan Pawnshop associatesincluding Head Office top management, Area Managers from its areas ofoperations in Luzon and several XRC employees.

The targetcompletion date of this project will be on the last quarter of 2020.