ABOITIZ CORPORATE OFFICE (10,994 SQM.

)
Along Banilad Road, Gov. M. Cuenco Ave.,
Barangay Kasambagan, Cebu City

REGISTERED OWNER : CEBU PRAEDIA DEVELOPMENT CORPORATION

(CPDC)

RAWLAND OFFER : Lot 786 - 7,794 SQM

Lot 2-D - 1,600 SQM
Lot 2-E - 1,600 SQM

VICINITY : Cebu IT Park Access Road from Gov M. Cuenco Ave.

Mandaue Foam Banilad
Cebu Country Club

SUPPLEMENTAL DUE DILIGENCE:

Lot 786:

 Basically, free from any liens and encumbrances based the latest title TCT No.163739
registered under the name of CPDC.

 The property is the main location of the current Aboitiz Corporate Office (ACO). It is
adjacent to the 30-m wide Gov. M. Cuenco Avenue (Banilad Road). Accordingly, there
will be a road realignment/widening to be introduced by DPWH Regional Office in the
area. The road will be widened up to 4 meters (2 meters both sides).

 The property is only across the I.T. Park access road from Gov. M. Cuenco Avenue.
While it is adjacent to the Cebu Country Club and Divine Sian Tian Temple.

 The area is also near the Gaisano Country Mall, the UC Banilad, Banilad Town Centre.
This also connects to the A.S. Fortuna Street in Mandaue City where Oakridge Business
Park and the other residential and commercial development of Cebu Landmasters are
located.
Lot 2-D & Lot 2-E:

 Both properties are subject to a Notice of Adverse Claim and Notice of Lis Pendens
annotated in its respective titles, TCT Nos. 187676 & 187675.

a. Entry No.385185-72-DB dated August 3, 2007 – Notice of Adverse Claim by

Gustavo Pocholo Madarietta.

b. Entry No. 386891-72-DB dated August 29, 2007 – Notice of Lis Pendens by
Atty. Demosthenes A. Mediante, Jr. (For Quieting of Title, Annulment of Titles
and/or Reconveyance).

 Since the liens were annotated way back in 2007, it is recommended to seek for a
complete update with the CPDC/ACO on the latest update of the claim as well as the
civil case filed by the claimants, Jaime Inocian, Albert Inocian Madarrieta and Gustavo
Pocholo Madarieta.

 Since there are no other traces or further annotations related to the claims, it must be
taken note that the adverse claim and the case must be amicably resolved or an entry
of judgment from the trial court dismissing the claim of the claimants.

 If allowed, we may also unilaterally request for a court clearance from the Office of
the Clerk of Court (OCC) of the Cebu Regional Trial Court to check whether the case is
still alive or being archived.

 Lot 2-E has additional two annotations:

a. Restrictions embodied in the Deed of Sale bearing Entry No. 48762-V36-D.B.

date July 28, 1992.

b. Section 4 Rule 74 of the Rules of Court within a period of 2 years from

September 9, 1980.

 Entry No. 48762-V36-D.B. represent the Deed of Sale executed between Ramon
Echevarria, Jr. married to Gloria Dizon and Luis M. Aboitiz married to Annabelle O.
Aboitiz. Enumerated below are the following restrictions embodied in the sale of Lot
2-E:
 The Buyer shall assume expenses of registration, DST, Transfer
Tax, and other fees provided in the Local Tax Code on the sale; 

 The Buyer agrees that the subject property shall be used

EXCLUSIVELY for RESIDENTIAL PURPOSE, i.e., as a site for
exclusive housing units, townhouses, residential condominiums,
hostel, pension house or similar occupancies; 

 The Road Right of Way (ROW) leading to the property known

as Newhouse Drive, must not be used for parking of cars or
other vehicles, and that the development of the subject lot by the
Buyer must include a provision for adequate parking facilities
within the said lot; 

 The Buyer agrees to contribute proportionately with the other

lot owners along the Newhouse Drive for the cost of the
maintenance and security for the said ROW; 

 The Buyer agrees that all wires for electrical, telephone or other
facilities extending from the main road, known as Archbishop
Reyes Ave Extension, to the subject property shall be laid
UNDERGROUND along Newhouse Drive; 

 The Buyer agrees to have all the above conditions as listed in this
section, ANNOTATED on their title certificate, in order that they
be made binding on any third person who in the future may
acquire an interest in the property.
  The conditions in the sale of Lot 2-E must be referred to Praedia/ACO to check and
verify on how to go about these restrictions/conditions and the possible removal and
cancellation of this annotation.

 Lot 2-E is in the innermost side of the ACO Consolidated Property and adjacent to
the New House Mansions Condominium (Lot 2-F) – owned by the Echevarrias. It is
assumed that the restrictions were annotated in the title of the subject property to
protect their interests and rights as subservient lot in the area.

THANK YOU!

Jeffrey Diaz