The Department of Finance (DOF) said the growing roster of real estate investment trust (REIT) offerings will propel the growth of the Philippines’ property sector beyond the pandemic, serving as one catalyst for the country's quick and strong recovery. In a statement, Finance Secretary Carlos G....
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...
When one thinks of the Metro South, what comes to mind is different from the usual picture of a central business hub in the Philippines. Veering away from a saturated concrete jungle, Filinvest City has successfully found the middle ground of modernity and sustainability, resulting in improved...
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...
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...
Approximately 20 kilometers away from Kilometer Zero stands a bustling urbanized area that has mastered the right mix of sustainability and opportunities. For more than two decades, Filinvest City in Alabang has been influential in transforming the South into one of the key central business...
The Securities and Exchange Commission (SEC) has approved the planned P14.92 billion initial public offering (IPO) of the real estate investment trust (REIT) sponsored by Filinvest Land, Inc. (FLI). The Commission En Banc resolved to render effective the registration statement of Cyberzone...
In a meeting with the country's major mall and building owners, Presidential Adviser for Entrepreneurship and Go Negosyo Founder Joey Concepcion garnered support for his proposal to champion and to finally establish “safe spaces” as a means to create herd immunity in areas where the private...
Filinvest Land, Inc. was honored as one of the top 10 developers in the Philippines for 2020 and 2021 in the recently concluded BCI Asia Awards. This award is one of the most coveted in the regional building industry. It recognizes the valuable contributions of leading design and development...
Filinvest Development Corporation (FDC), the flagship of the Gotianun family, posted a 35 percent drop in attributable net income to P2.0 billion in the first quarter of 2021 from P3.0 billion in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said revenues and...
Filinvest Land, Inc. (FLI) reported a 45 percent fall in attributable net income to P736 million in the first quarter of 2021 from P1.35 billion in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said its first quarter performance resulted in gross revenues...
Qs or quarantines (with different classifications) have drastically affected the hospitality industry this past year, especially hotels that missed out on events, special holidays, and two summer seasons. But even with the restrictions imposed by government, the hotels in Metro Manila did not...
