Oliver Bugarin 5 0 0 4 min to read

GSIS wins a 12-year legal battle and reclaims the Pasay property.

The Gloria Maris Shark’s Fin restaurant had been residing at the property owned by the Government Service Insurance System (GSIS), which was declared to have returned on Friday.

Gloria Maris was ordered to leave the GSIS property by the Regional Trial Court (RTC), Branch 118 of Pasay City. This was mandated by a writ of execution issued on July 15 and a notice to vacate issued on August 3.

Following the issuing of the certificate of turnover by RTC Pasay, which said that the sheriff had “handed over the control and possession of the disputed property to GSIS,” GSIS declared the “peaceful and orderly” eviction procedure had taken place from September 12 to 14.

The lease agreement between GSIS and Gloria Maris Pasay, according to Wick Veloso, president, and general manager of GSIS, covers the period from January 1, 2006, to December 31, 2007, with a monthly rental of PHP200,000.

Even though the agreement was not renewed in 2007, GSIS permitted the restaurant to continue operating there month-to-month from 2007 until June 2010, so it would have time to find a new location and accommodate reservations.

We ultimately regained the GSIS property through a legal process after 12 years, and we are now free to use the land for the benefit of our members and pensioners. in a statement, Veloso.

Gloria Maris was given till June 30 of that year by GSIS to turn over the site after they formed a joint venture to build a condominium there in 2010.

However, Gloria Maris Pasay asked the RTC for a temporary restraining order to increase the lease length to at least five years.

Gloria Maris was forced to submit a plea for reconsideration to the Court of Appeals after the court dismissed the appeal in 2015.

The Sofitel Philippine Plaza Hotel is run by Philippine Plaza Holdings Inc. and is also housed within the Cultural Center of the Philippines Complex. GSIS launched an eviction complaint against them in 2018.

Two properties (Lots 19 and 41) with a combined area of 7,393 square meters are reportedly unpaid for by Sofitel.

The GSIS sites were used as parking spaces, tennis courts, storage areas for cistern tanks, and cooling towers, among other things, at the time of filing.


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