Gotianun family to fork out P30B for office, retail space expansion
Filinvest Land Inc. plans to issue P30 billion in bonds over the next three years to bankroll the continued expansion of its office and retail portfolio.
The property concern of the Gotianun family will initially issue P10 billion worth of bonds possibly in the first quarter of 2017.
Filinvest Land Inc. is on track to hit its one million gross leasable area target by 2019 given its various projects in the pipeline.
It expects to end the year with an office inventory of 348,000 square meters of GLA.
FLI is currently operating 19 office buildings totaling 275,000 sqm of GLA in Northgate Cyberzone.