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Ayala Corp. Vs. Ray Burton Development Corp.

AYALA CORPORATION, petitioner, vs. RAY BURTON DEVELOPMENT CORPORATION, respondent.

G.R. No. 126699 | 1998-08-07

D E C I S I O N

MARTINEZ, J:

Petitioner Ayala Corporation (AYALA) is the owner of the Ayala estate located in Makati City. The said estate was originally a raw land which was subdivided for sale into different lots devoted for residential, commercial and industrial purposes. The development of the estate consisted of road and building construction and installation of a central sewerage treatment plant and drainage system which services the whole Ayala Commercial Area.

On March 20, 1984, Karamfil Import-Export Company Ltd. (KARAMFIL) bought from AYALA a piece of land identified as Lot 26, Block 2 consisting of 1,188 square meters,...