Filinvest REIT Corp. (FILREIT), formerly Cyberzone Properties, Inc. and a real estate investment trust (REIT), has pegged the final offer price of its initial public offering at P7.00 per share. In a disclosure to the Philippine Stock Exchange, the firm said the offer price is set at the mid-point...
Over the last decade, we’ve seen several real estate developers "marry" a luxury hotel with residences. It’s often been a fruitful union as the equity of the hotel chain enhances the luxury element of the residences and apartments. But generally, what they’re selling is merely the proximity...
The Anti-Red Tape Authority (ARTA) said it will soon press charges against the division chief of the Land Transportation Office (LTO) Caloocan and the barangay officials in the area over their supposed inaction on the proliferation of fixers. ARTA Director-General Jeremiah Belgica faces the alleged...
MR.D.I.Y., one of the largest home and lifestyle improvement retailers in Asia, opened its 145 th store in the Philippines at Festival Mall Alabang. The celebration kicked-off with a store blessing and ribbon cutting attended by executives from MR.D.I.Y. Philippines and Filinvest Land Inc. From...
Malate and Ermita in Manila used to be the pre-war Forbes Park, where prominent clans lived and prospered. Premier universities stood there, including Ateneo de Manila and Assumption; apart from University of the Philippines, De La Salle, St. Paul and St. Scholastica which stayed. And in this city...
Private motorists have been advised to take public transportation instead, like the EDSA Busway System and the Metro Rail Transit Line 3 (MRT-3), to spare themselves of the heavy traffic on EDSA. (File photo / MANILA BULLETIN) The Department of Transportation (DOTr) made the call on Thursday, July...
With more Business Process Outsorcing (BPO) companies dispersing outside Metro Manila, Aboitiz-owned LIMA Land, Inc. is building a seven-tower office complex in its 30-hectare commercial zone to cope with the demand. The first structure of the complex, LIMA Tower One, will break ground later this...
The Philippine Stock Exchange, Inc. (PSE) has approved Filinvest REIT Corporation’s planned initial public offering (IPO) of up to P14.88 billion worth of shares. 18885 Set to be the third REIT company to be listed in the Exchange, Filinvest REIT is offering 1.63 billion secondary shares and up...
AREIT, Inc. (AREIT), the real estate investment trust of Ayala Land Inc., reported that its properties in Metro Manila, have secured Safety Seal Certifications from the Department of the Interior and Local Government (DILG) within their respective LGUs. The firm said these properties are the Ayala...
Sta. Lucia Land Inc. is planning to raise up to P9.87 billion from a planned follow-on offering (FOO) to fund its capital expenditures and pay for existing debt. In a registration filed with the Securities and Exchange Commission, Sta. Lucia said it is planning a public offering of up to 2.5...
State-run Land Bank of the Philippines said that almost four million unbanked registrants to the national ID system have become part of the formal banking system as of May this year. Cecilia Borromeo, Land Bank president and chief executive officer said they already onboarded about 3.8 million...
The Land Bank of the Philippines (LANDBANK) had so far released more than P13 billion in loans and cash grants to nearly a million farmers and fishermen for this year, the bank's latest data showed. As of May 31, LANDBANK has assisted cumulatively 2.7 million farmers and fishers nationwide, of...
