Leading universal bank UCPB recently inked an agreement with home-grown real estate brokerage and consulting firm Pinnacle Real Estate Consulting, Inc., to market exclusively its residential property portfolio. The partnership was formally announced during a signing ceremony held recently at UCPB’s head office in Makati.

According to Pinnacle president and managing director Michael Mabutol, this partnership would help property buyers, end users and investors in general as the portfolio includes residential properties priced relatively below market.

The UCPB portfolio being exclusively marketed by Pinnacle includes move-in condo units in Laureano di Trevi in Makati, Pacific Residences in Taguig, Cerritos Residences in Pasig, The Currency in Ortigas Center, and Pine Suites in Tagaytay.

Aside from these, the company is also handling vacant lots in Fortezza and La Marea, two Crown Asia projects located in Cabuyao and San Pedro, Laguna, respectively; parking spaces in the aforementioned Laureano di Trevi, Pacific Residences, and Pine Suites; commercial spaces in The Currency; and condos in Brittany’s high-end development Crosswinds. This property portfolio is valued at almost Php900 million.Under this agreement, UCPB grants Pinnacle the right to exclusively market and dispose of its residential property inventories.

Photo: MOA signing between UCPB and Pinnacle. Present during the event were Michael Mabutol, Pinnacle’s president and managing director (fourth from left), and Raymond Alonzo, UCPB’s vice-president for Asset Management Disposition (third from left). Also present were (from left to right) Pinnacle’s assistant manager for residential sales and leasing Warianne Kristel Torrente, UCPB’s assistant vice-president for marketing (Asset Management Disposition Division) Agnes Lizardo-Felicidario, UCPB marketing officer (Asset Management Disposition Division) Catherine Thelmo, and Pinnacle business development manager Myla Beguiras.