Mall vacancy is projected to return to pre-pandemic levels this year as foreign retail brands strive to capture the interest of a populace that still prefers shopping inside physical malls, according to a report by property advisory firm Colliers. In its first quarter Metro Manila retail report,...
FDC President and CEO Rhoda A. Huang Gotianun-led Filinvest Development Corp. (FDC) announced that its board of directors has approved the declaration of cash dividends amounting to ₱1.21 billion. During the firm’s annual stockholders’ meeting, FDC said its board approved the declaration of...
Filinvest Development Corp., the investment arm of the Gotianun Group, is setting a ₱24-billion capital expenditure (capex) budget for 2024, 20 percent more than the ₱20 billion allotted in 2023, so it can achieve a 20-percent growth for another record year. In a press briefing, FDC Chief...
Filinvest Development Corp. (FDC), the investment holding company of the Gotianun Group, reported a 36-percent jump in attributable net income to ₱12.1 billion last year from the ₱8.9 billion recorded in 2023, following a double-digit improvement across all business segments. In a disclosure to...
Gotianun-led Filinvest Land, Inc., one of the country's leading full-range property developers, reported an 11 percent improvement in attributable consolidated net income to ₱4.17 billion last year. In a disclosure to the Philippine Stock Exchange, the firm said total consolidated revenues...
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...
The Securities and Exchange Commission (SEC) has approved the planned offering by Filinvest Land Inc. of peso denominated fixed rate bonds worth up to ₱12 billion. The offering, a ₱9 billion base and a ₱3 billion over-subscription option of up to ₱3 billion, consists of five-year bonds due...
One Filinvest Filinvest Land, Inc. (FLI) continues its strong momentum, expanding its presence across the Philippines with strategic projects and innovative offerings. Focused on delivering sustainable, value-driven developments, FLI aims to help more Filipinos achieve their dream homes while...
Filinvest REIT Corporation (FILRT), the real estate investment trust of the Gotianun Group, expects Festival Mall to boost its profits by 30 percent and increase dividend payouts once the property-for-share swap with its sponsor, Filinvest Land, Inc. (FLI), is completed. In a disclosure to the...
The onset of economic reforms and foreign investment in the 1980s spurred commercial and residential property development in the country, marked by increased competition and diversification of the property sector. Single-use property developments have evolved to mix-use properties since the 1990s...
Filinvest Land Inc. (FLI), the Gotianun Group’s publicly listed property developer, is optimistic about the continued growth of its office leasing and residential businesses this year. In an interview, FLI President and CEO Tristan Las Marias said their office business is benefiting from a focus...
The Gotianun Group is transferring ownership of its flagship Festival Mall-Main Mall in Filinvest City, Alabang, Muntinlupa City to Filinvest REIT Corporation (FILRT) in a P6.26 billion deal that marks the real estate investment trust’s entry into the retail leasing business. In a disclosure to...
