P.A. Petroleum Resources Inc., an esteemed affiliate of P.A. Properties, is delighted to announce a major achievement – the official signing of a groundbreaking dealership contract with Caltex Philippines. This momentous event signifies the commencement of a robust business partnership set to drive growth and prosperity.

The signed agreement cements the collaboration between Caltex Philippines and P.A. Petroleum Resources Inc., focusing on an exciting new venture in Idesia Lipa, Batangas. The Gasoline Station project, slated for completion by June 2024, will occupy a 1,200sqm portion within the expansive 2,756sqm property in Lipa City, Batangas.

Beyond the Gasoline Station, the completed project will encompass additional commercial spaces, synergizing with upcoming developments in the surrounding area. This strategic partnership is a cornerstone for future endeavors, extending to locations in Caloocan, Pampanga, and other standalone destinations. P.A. Properties is optimistic about the positive impact on sales, benefiting both the residential and commercial sectors in Idesia Lipa, Batangas.

Romarico T. Alvarez, Chairman of P.A. Properties, expressed, “This partnership with Caltex marks a significant milestone for P.A. Petroleum Resources Inc. and P.A. Properties. We are enthusiastic about the opportunities it presents, not only for our companies but for the communities we serve. The Gasoline Station project in Idesia Lipa is just the beginning of what we believe will be a fruitful collaboration, with more projects on the horizon.”

The official project launch is scheduled for June 2024, creating anticipation for the realization of this venture and its potential to bring value to the residents and businesses in Idesia Lipa, Batangas. Stay tuned for updates on this exciting partnership!