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Manila Bulletin devider Business devider The Stock Market devider Arthaland sells 40% of luxury Makati tower to Mitsui Fudosan unit

Arthaland sells 40% of luxury Makati tower to Mitsui Fudosan unit

Published Nov 4, 2025 02:02 pm
Mitsui Fudosan Co. has acquired a 40 percent stake in a luxury, sustainable high-rise residential condominium project in Makati City from Arthaland Corp. for ₱724.93 million.
In a disclosure to the Philippine Stock Exchange, the company said the investment was finalized through a joint venture and investment agreement between Arthaland, its subsidiary Zileya Land Development Corp., and SEAI Metro Manila One Inc. (SEAIMMO).
SEAIMMO is a wholly-owned unit of Mitsui Fudosan (Asia) Pte. Ltd., a Singapore-domiciled company whose ultimate parent is Tokyo-listed Mitsui Fudosan Co. of Japan.
According to Arthaland, the agreements involve the development, construction, and sale of the residential project on Arnaiz Avenue, Legaspi Village, in Makati. SEAIMMO acquires 40 percent of Arthaland’s shareholdings and advances in Zileya, which is the project company.
The deal supports Arthaland’s recently disclosed expansion program to acquire and develop properties in prime locations in Metro Manila and the south. The site of the joint venture is Project Rock (Makati), a 2,018-square-meter property on Antonio Arnaiz Avenue.
Arthaland plans to launch the high-rise, luxury, sustainable residential project in the fourth quarter of 2025, aiming for multiple green certifications including LEED, BERDE, EDGE, and WELL.
Separately, for Project Vanilla (Southern Philippines), Arthaland is negotiating to acquire a 50 percent undivided interest in a five-hectare property in a prime Southern city center.
Development of the sustainable, master-planned mixed-use project, which will include commercial, residential, and retail components and seek LEED ND certification, is slated to start in 2026.
Furthermore, the company is finalizing the acquisition of a property for Project Olive (Metro Manila CBD) with a gross land area of 3.6 hectares near the entry of a major central business district.
The land, expected to net 2.6 hectares after road lots, is planned as a boutique, LEED-certified mixed-use community featuring twelve residential towers (upscale and midscale) and supporting retail.
Lastly, Arthaland is acquiring a 3,700-sqm residential property for Project Teal (Northern Metro Manila) near major universities. It is planned as a sustainable two-tower, high-rise residential condominium targeting multiple green building certifications, with the first tower targeted for launch in the third quarter of 2025.
The property acquisition program is expected to be completed between 2025 and 2028, designed to manage funding requirements over time and provide a steady pipeline of long-term revenue-contributing projects.

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Arthaland Corporation Mitsui Fudosan Co. Ltd.
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