“In accordance with that commitment, Sunvar will comply and vacate Mile Long,” she added. Calida, in a statement, said Sunvar and all its tenants should “surrender the possession of the Mile Long property” after the appeals court ruled in favor of the government. ADVERTISEMENT“Relying on the same contract and understanding, small business owners and taxpayers purchased condominium units in Mile Long that are now the source of their livelihood. Sublease agreementTRCF then subleased the property to Sunvar. Sunvar did not vacate the property, informing Napocor and the government that it was exercising its exclusive option to extend the lease with PDAF for another 25 years.

Source: Philippine Daily Inquirer August 16, 2017 23:03 UTC