trending Market Intelligence /marketintelligence/en/news-insights/trending/G7zcFkOHcy3FHqBDiGwd_w2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Filinvest consortium closes 6.7B-peso site buy in Cebu City, Philippines

Credit Analytics Case Study Poundworld Retail Ltd

Segment

IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help

The Market Intelligence Platform

Real Estate

Real Estate Solutions Overview


Filinvest consortium closes 6.7B-peso site buy in Cebu City, Philippines

A Filinvest-led consortium completed the acquisition of a 19.2-hectare mixed-use development site in Cebu City, Philippines, from the local government for 6.7 billion pesos.

The group comprising Filinvest Land Inc., Filinvest Alabang Inc., Cyberzone Properties Inc., Anesy Holdings Corp., Betterfield Phils. Corp. and Igold Holdings Corp. settled the purchase Dec. 19, 2019, after successfully placing the winning bid for the site in July 2015, according to a Jan. 8 news release.

The consortium plans to develop Lot 1 of the city's South Road Properties into a project that will feature residential, office, commercial and retail components, Filinvest Land added.

As of Jan. 8, US$1 was equivalent to 50.71 Philippine pesos.