Filinvest Land income up 2% as reservation sales rise

Business World

Apr 25, 2022

EXCERPT


On Monday, Filinvest Land was included in the newly launched PSE MidCap Index, which was designed to capture the performance of mid-sized companies in the Philippines. Last year, the company received P12.6 billion from the initial public offering of Filinvest REIT Corp., its real estate investment trust company. The proceeds of the offering will be used to finance Filinvest Land’s office, industrial, retail, and residential projects.


In December, Filinvest Land also raised P10 billion from a bond issuance.

“We are also grateful for the trust of the investor market in Filinvest Land. This allowed us to undertake successful fund-raising activities in the past year. These funds will allow us to accelerate the implementation of our expansion plans and continue building the Filipino dream,” said Filinvest Land President Josephine Gotianun Yap.


The developer has built more than 200 residential developments across the country. It is developing two townships in the Clark Special Economic Zone, including an industrial and logistics park, and a mixed-use development at New Clark City and Filinvest Mimosa+ Leisure City in partnership with Filinvest Development Corp.


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