Gotianun-led Filinvest Land Inc. is set to expand its residential, retail, and warehouse business after successfully raising ₱12 billion from the second tranche of bonds from its ₱35 billion shelf-registered program.

The firm listed the bonds at the Philippine Dealing & Exchange Corporation, consisting of five-year bonds due 2030 with interest rate of 6.2916 percent, seven-year bonds due 2032 with interest rate of 6.655 percent, and 10-year bonds due 2035 with interest rate of 6.8312 percent per annum.

“The overwhelming response to FLI’s fixed-rate retail bond offering totaling ₱12 billion is a clear testament to the confidence the investing public has placed in our company’s prospects and the country’s economic outlook,” said FLI President Tristan Las Marias.

He added that, “We take immense pride and gratitude for our investors’ consistent trust in FLI. Rest assured, we are committed to upholding this trust and maintaining the optimism you've placed in us.”

The proceeds from this bond issuance will support FLI’s capital expenditures to expand its retail business and build more industrial-ready built factories or warehouses.

“This year, we’re expanding our retail business with a new Filinvest Mall in our Filinvest Mimosa Estate in Clark, Pampanga. We aim to open Filinvest Mall Clark by 2026 and provide our clients in our Filinvest Mimosa Township with a growing Clark City business hub with more shopping and dining options,” Las Marias said.

Filinvest Mall Clark will have a total gross leasable area (GLA) of around 24,000 square meters (sqm). It will be a lifestyle destination in the north that features many global athleisure brands suitable for both exercise and everyday wear.

“The Filinvest Mall Clark will also host a lot of exciting dining options that will be a mixture of Manila favorites and popular Kapampangan brands” he said.

The funds will also be used to complete another retail project in Quezon City—Filinvest Mall Cubao, as part of FLI’s Activa mixed-use project at the intersection of EDSA and Aurora Boulevard.

The mall will have a total GLA of around 17,000 sqm, including a supermarket and around 48 food spaces and 150 retail shops.

Given its accessible location right at the intersection of EDSA and Aurora Boulevard, Filinvest Mall Cubao will capture the fast and family dining requirements of city and provincial commuters in the area while providing basic shopping conveniences for Activa Towers’ residential and office tent.

“We have also seen a strong demand for our industrial business’ ready-built factories (RBFs). Our RBFs in both our Filinvest New Clark City Industrial Park and our Filinvest Technology Park in Ciudad de Calamba in Laguna are sold out and we still have a long list of reservations for more RBFs from foreign and local businesses interested in both.

“We will use the proceeds from this fund to continue investing in this segment, provide venues to capture more foreign investment opportunities, and be a strong partner of this country in nation-building,” Las Marias said.

Meanwhile, he noted that, “With the growth in our residential revenues and the introduction of new residential inventories last year, we aim to sustain our growth trajectory in the residential segment in 2025 and beyond.

“We continue expanding our residential business with more township developments in Cavite, Bulacan, and Iloilo... We will soon launch our next residential community in Cavite, Bulacan, and Bataan.”