The PCGG considers the property the "crown jewel" among the properties sequestered from the Marcoses' ill-gotten wealth, estimating its minimum value to be about billion in March 2015. The property had been surrendered to the PCGG in 1986, as part of the settlement deal of Marcos crony Jose Yao Campos, who was holding the property under various companies on Marcos Sr.'s behalf. Ortigas & Company countered that Marcos Sr. had coerced them to sell the property to him in 1968. Marcos Jr.'s motion claimed that his father had bought the property legally, but the Sandiganbayan dismissed his motion on October 18, 2008, saying it had already dismissed a similar motion filed years earlier by his mother Imelda.
