FNG Vice Chairman Yusuke Hirano; Embassy of Japan in the Philippines Minister for Economic Affairs Yokota Naobumi; FNG Chairman Alfred Ty; General Trias City Mayor Luis “Jon-Jon” Ferrer; UNIQLO Philippines Chief Operating Officer Geraldine Sia; Congressman Antonio “Ony” Ferrer; and FNG President Thomas Mirasol

Map of the Riverpark community(Artist's_perspective)

The UNIQLO Logistics Facility at Riverpark North

Riverpark North Commercial Lots (Artist's_perspective)

Federal Land NRE Global Inc. (FNG), a joint venture (JV) between GT Capital Holdings Inc.’s Federal Land Inc. and Japan’s Nomura Real Estate Development Co., is unfazed by the Iran situation and intends to invest more this year, although new launches may wait for the environment to calm down.

In a media briefing last week at its Riverpark estate in General Trias City, Cavite province, FNG President Thomas Mirasol said the market remains resilient despite global uncertainties as it has strong fundamentals backing it: population growth, urbanization, and the government’s infrastructure push.

He said that in 2026, the firm will be investing more for capital expenditures (capex) than in the previous year since “we’re still very in the early stages of the development of Riverpark. As the products successfully launch, we should be able to expect that we will simply do more and more for as long as the demand is there.”

However, he said, “We are looking at things very carefully as any prudent company should. So, we’re taking extra care to make sure that the demand that we’re seeing is really there.”

While the situation has made the company more careful in launching new products, Mirasol said they are going through letters of intent from buyers and “if there [are] sufficient numbers there to give us confidence to launch, we will, of course, launch.”

“So far, we’ve not seen any drop-off in our sales velocity ever since February. March was good. April is looking to be at least as good as March. Of course, nobody wants to be caught out in a situation where all of a sudden, the market turns around. Until things really settle down, we are just making sure we’re absolutely sure that the market is there, [and] the demand is sustainable. And if we have that, then we launch,” he added.

Riverpark continues to expand its ecosystem of developments across logistics, retail, residential, and institutional uses, reflecting its gradual build-out as a fully integrated township.

FNG, together with Fast Retailing Philippines Inc. (FRPH), celebrated the opening of the UNIQLO Logistics Facility at Riverpark North, underscoring a key milestone for both companies and reinforcing Cavite’s role in regional logistics and investment activity.

Designed to elevate logistics operations through advanced technology, worker-centric spaces, and environmentally sustainable features, the facility sets a new benchmark for modern industrial development in the region. It is also positioned as UNIQLO’s largest logistics hub in Southeast Asia, expanding the brand’s supply chain capacity while strengthening its operations in the Philippines.

“This new warehouse marks a new chapter for us in the Philippines, supporting our commitment to responsible growth while staying true to our purpose. Through our partnership with FNG, we aim to create local jobs and contribute to the community’s development. We hope this facility will become a benchmark for supply chain excellence in the country,” said UNIQLO Philippines Chief Operating Officer (COO) Geraldine Sia.

SM City General Trias, an 11-hectare (ha) commercial development, is targeted for construction completion by 2026 and will serve as the first SM mall in General Trias.

On the institutional side, the Ateneo de Manila University (ADMU) campus in Riverpark, spanning 15 ha, is expected to open by 2030 and further anchor the township’s long-term development. National University (NU) may also put up a campus within the SM City complex.

Residential growth is likewise underway with Yume at Riverpark, an 18-ha Japanese-inspired community that is currently at 94 percent of its site development construction and targeted for turnover within 2026.

To expand its portfolio, FNG is also planning to offer mid-rise buildings in Riverpark Gateway, a bustling community district within the township.

Meanwhile, FNG’s Riverpark North Commercial Lots, launched in 2024 and now fully sold out, are being developed into a mixed-use commercial district that will support future retail and business activity within the estate.

The firm is now gauging when to launch the second phase, which will be much bigger at around 20 ha.