Kamayan Realty Corporation (KRC) was organized with the primary purpose of allowing then Getty Oil Philippines Inc. (now Pilipinas Shell Petroleum Corporation [Shell]) to continue its business on the land it used to own. NDC owns 60% of KRC and the balance of 40% is owned by Shell. KRC owns 54 parcels of land located in various cities and municipalities in the Philippines with a land area of 40,139 square meters. The fair market value of the KRC landholdings as of 2010 is P352,356,000.00. Shell leases 14 parcels of land in seven locations. The lease expires on February 28, 2026.
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