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Amicus Holdings Inc., the parent company of residential developer Property Company of Friends Inc. (Pro-Friends), is set to acquire more properties in Cagayan de Oro City.

In an article by rappler.com HERE, the company will spend P1.24 billion ($28.32 million) for the acquisition of additional properties in Cavite, Iloilo, and Cagayan de Oro. As revealed in its latest prospectus (download HERE), Amicus plans to acquire 101.22 hectares in Cagayan de Oro as shown below.

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The amount will be taken from proceeds of its planned initial public offering (IPO) in October this year.

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