Gotianuns deploy P2.4B from Filinvest REIT IPO funds
Property

Gotianuns deploy P2.4B from Filinvest REIT IPO funds

Filinvest REIT led by bilyonaryo Josephine Gotianun-Yap has so far disbursed 20 percent of the P12.6 billion it raised from the initial public offering (IPO) last year.

Fam shopping: Josephine Gotianun, daughter, son pick up P6.4M Filinvest REIT shares

FILRT has spent a total of P2.4 billion for Filinvest property projects, construction arm, and purchase of new land from August to December 2021.

Filinvest REIT IPO priced at P7 per share

FILRT’s biggest property spending went to Axis Three and Four towers in the Northgate Cyberzone in Filinvest City (P841 million), Alta Spatial condo in Valenzuela City (P167 million), Clark Lifestyle Mall in Pampanga ( P156 million), Cyberzone Tower 3 in Cebu City ( P140 million), and Panglao Oasis low-rise condo in Taguig City (P132 million).

Filinvest’s REIT makes lackluster debut

It allocated P361 million in the purchase of raw land and P199 million for the capital expenditures of Dreambuilders.

 

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