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Manila Bulletin devider Business devider The Stock Market devider Federal Land sells Crown Central stake to partner for ₱73.5 million

Federal Land sells Crown Central stake to partner for ₱73.5 million

Published Dec 17, 2025 12:29 pm
Ty-led GT Capital Holdings Inc. units are exiting a long-standing real estate joint venture, selling their combined 52 percent stake in Crown Central Properties Corp. to partner Crown Equities Inc. (CEI) for ₱73.48 million.
In a disclosure to the Philippine Stock Exchange (PSE) on Wednesday, Dec. 17, GT Capital said the transaction will give CEI full control of the entity as it seeks to consolidate its property holdings.
Transaction Details
The buyout involves the acquisition of 67.5 million shares by CEI from two Ty-family led entities. Federal Land Inc. divested 62.5 million shares at ₱1.09 each for a total of ₱68.12 million, while Horizon Land Property Development Corp. sold five million shares at ₱1.07 each, totaling ₱5.37 million.
CEI, an investment holding firm, plans to designate Crown Central as its primary real estate arm once the acquisition is finalized. Prior to the deal, CEI held a 48 percent stake in the venture.
Crown Central was established in 1996 as a joint venture between CEI and Federal Land to develop the Palma Real Residential Estate in Biñan, Laguna.
Beyond its property business, CEI maintains investments in healthcare, providing outpatient services through ambulatory care centers.

Related Tags

Federal Land Inc. Crown Equities Inc. GT Capital Holdings Inc.
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