Filinvest Land, Inc.






Profile

 

Company Profile

Filinvest is one of the top residential property developers in the country. Over the years, it has established itself as a leader in residential housing development especially in its core business of affordable and middle-income housing.

From its first middle-income residential subdivision in Cebu, Filinvest never looked back, expanding steadily into various locations where there was a need. Today, Filinvest is a full-range property developer with an impressive portfolio scattered all over the archipelago. From building houses, the company has diversified into high-rise condominiums, medium-rise developments, BPO office buildings, shopping centers and leisure developments.

Filinvest is the developer behind successful projects such as the 52-storey PBCom Tower which is the tallest office building in the country, premier outsourcing hub Northgate Cyberzone in Alabang, and the sprawling Festival Supermall which remains the undisputed regional shopping center south of Metro Manila. For the high-end market, Filinvest created the exclusive Brentville community in Laguna which is home to Brent International School and a growing multi-cultural residential population.

The company likewise strives to constantly introduce innovative concepts such as the Spatial condo series, all-studio condominiums for yuppies, oasis-themed mid-rise enclaves, Versaflat units that merge home and office, and more, to tap new markets with huge growth potential.

 

Filinvest Land, Inc. (FLI) is one of the leading real estate developers in the Philippines. It is a subsidiary of Filinvest Development Corporation (FDC), which has more than 40 years of experience in real estate development. Founded by Mr. Andrew L. Gotianun, Sr., FDC is the holding company of the Gotianun Family. Originally engaged in the small-scale financing of second hand cars in 1955, the Gotianun Familys business later expanded into consumer finance in partnerships with foreign institutions such as Chase Manhattan Bank, Westinghouse Electric Corporation and Ford Philippines. By the early 1980s, the Gotianun Familys Filinvest Credit Corporation had become one of the leading consumer finance companies in the Philippines in terms of assets, and the Filinvest name had become well-recognized in the Philippines. The Gotianun Family entered the real estate business in 1967 through the incorporation of Filinvest Realty Corporation, which engaged in the development of residential subdivisions. In 1984, the Gotianun Family consolidated their real estate interests in FDC after divesting their shares in two family-owned banks, Family Bank and Trust Company and the Insular Bank of Asia and America. By 1990, FDC expanded its product line to include the development and sale of low-cost and medium-cost housing units.

FLI was incorporated on November 24, 1989 as Citation Homes, Inc. and changed its name to FLI on July 12, 1993. It began commercial operations in August 1993 after FDC spun off its
real estate operations and transferred all related assets and liabilities to FLI in exchange for shares in FLI. FLI was listed on the Philippine Stock Exchange (PSE) on October 25, 1993. FDC remains FLIs largest shareholder, beneficially owning approximately 51% of FLIs outstanding common shares and all of its outstanding preferred shares.

Leader in Affordable Housing Segment
FLIs business has historically focused on the development and sale of affordable and middle-market residential lots and housing units to lower and middle-income markets throughout the Philippines. It has developed over 1,800 hectares of land, and provided home sites for over 100,000 families, which makes it one of the largest home providers in the Philippines today. In recent years, FLI has expanded its residential business to include other income segments (high-end) and themed residential projects with a leisure component, such as farm estates and developments anchored by sports and resort clubs.

FLI has substantial experience in developing and introducing new formats to the residential real estate market. The Company intends to be at the forefront of market changes by continually innovating and introducing new project formats to anticipate and meet market demands. Recent innovations include:
(a) Homes situated on small lots designed to be expanded vertically through the addition of a second storey without requiring the occupants to vacate the home while the second storey is being added.
(b) The Entrepreneurial Village or Asenso Village concept which is the result of a collaborative effort with the Government to allow entrepreneurs with small- and medium-size businesses to live and work in a residential development with access to Government agencies that assist small businesses.

FLI is also a pioneer in the development of very large master-planned township developments which provide a convenient mix of commercial, industrial and residential uses.

FLI currently has about 70 projects located in 30 cities and municipalities nationwide. The Company has an extensive network of sales offices, in-house sales agents and independent brokers located throughout the Philippines, as well as accredited brokers in countries and regions with large Overseas Filipino Workers (OFW) and expatriate Filipino populations (such as the Middle East, Japan, Italy, the United Kingdom and the United States). Approximately half of FLIs real estate sales are directly or indirectly derived from Overseas Filipinos (OFs).

Extensive Landbank
FLI has, over the years, accumulated an extensive, well-located, low-cost landbank. As of the end of 2007, FLIs landbank stood at 2, 361 hectares, bulk of which is located just outside Metro Manila in the nearby provinces of Rizal, Bulacan, Batangas, Cavite and Laguna, as well as in growth areas such as Cebu, Davao and General Santos City in South Cotabato province.

Investment Properties Provide Recurring Income Stream
In 2006, FLI acquired three strategic assets: (1) The Festival Supermall, in Filinvest Corporate City (FCC) in Muntinlupa (southern Metro Manila), (2) A 60% stake in Filinvest Asia Corporation which owns half of PBCom Tower within the Makati Central Business District, and (3) A 60% stake in Cyberzone Properties, Inc., developer of office buildings in Northgate Cyberzone, a 10-hectare Business Process Outsourcing (BPO) office park with multinational tenants. Festival Supermall is the largest shopping center in Southern Metro Manila with a gross area of 200,000 square meters. It has over 600 retail stores and outlets, ten cinemas, a 36-lane bowling center and two themed amusement centers. It also has exhibit, trade and music halls which are leased out to events like trade fairs. PBCom Tower is currently the tallest building in the Philippines with 52 floors. It is located at the corner of Ayala Avenue and Herrera Street in Makati City. Filinvest Asia Corporation owns 36,000 square meters of leasable office space in PBCom Tower, which is leased out to about 30 tenants which include multinational companies and BPO firms. Meanwhile, Northgate Cyberzone, the BPO campus within Filinvest Corporate City, currently has eight (8) office buildings with a gross leasable area (GLA) of 71,000 square meters. Four (4) buildings are under construction which will add more than 59,000 square meters of leasable space before the end of 2008. This makes FLI the leader in developing offices with infrastructure to support IT-related and BPO businesses in the growing southern Metro Manila area. By the end of 2008, FLI will have a total BPO office portfolio of 167,000 square meters of GLA, making it one of the top BPO landlords in the Philippines.

20% Stake in Developer of Central Business District in Southern Metro Manila FLI has a 20% stake in Filinvest Alabang, Inc. (FAI), the developer of the 244-hectare Filinvest Corporate City (FCC). Since the start of its development in 1995, FCC has grown to become a major destination in southern Manila that services all segments of the population with a wide array of retail, office and residential developments. The corporate city is home to key anchors such as the Asian Hospital and a fast growing office base in the Northgate Cyberzone. The second busiest transport terminal in Metro Manila is in the immediate vicinity, making FCC a major gateway for commuters going into and out of Metro Manila from the south. The ongoing construction of the extension of the Skyway elevated road to Alabang will significantly enhance the value of FCC and further increase its attractiveness as the location of choice for offices and residential living in the South of Metro Manila.

address:

FILINVEST
Filinvest Building,
79 EDSA, Mandaluyong City, 1550 Philippines

Listings

ID Listing Price
583 The Signature10,350,000
1096 Villa Motserrat 3 at Havila 3,000,000
392 Spring heights 22,100,000
393 Spring country2,180,000
394 The Enclave5,180,000
537 100 West Makati4,284,800
552 Bali Oasis Phase 2 2,900,000
555 One Spatial Pasig2,638,400
557 West Parc 2,900,000
559 Capri Oasis Pasig1,850,000
560 Studio A Katipunan2,300,000
562 Studio Zen Taft Avenue2,200,000
564 The Linear Makati2,930,000
1128 One Spatial Iloilo 1,800,000
575 The Levels3,700,000
580 Vinia Residences2,890,000
611 Fortune Hill16,437,300
717 Ciudada De Calamba1,370,000
722 Aldea Real1,318,600
723 Asenso Village 2,212,100
724 La Brisa3,988,300
726 Montebello4,200,000
727 Ashton Fields3,870,200
728 Punta Altezza2,291,300
729 Futura Homes San Pedro4,700,000
1130 The Glades at Timberland Heights/Non RFO 9,000,000
905 Palmridge At Blue Palm Estate2,900,000
923 One Oasis Ortigas1,700,000
970 Anila Park at Havila5,500,000
1004 Filinvest Studio City2,255,100
1127 Amare Homes 1,000,000
1097 Highlands Pointe at Havila 3,772,000
1098 The Peak at Havila7,600,000
1099 Sorrento Oasis2,000,000
1100 One Oasis Ortigas1,700,000
1107 The Enclave Alabang /Lot only 23000000 36,000,000
1114 Asiana Oasis 3,600,000
1116 Valle Dulce at Pueblo Solana833,700
1117 Castillon Homes 695,000
1118 Woodmore Spring at Brentville International 15,148,000
1119 Amarilyo Crest in Havila 5,200,000
1120 Forest Farms at Havila /House and Lot /Lot only 5,000,000
1121 Sunshine Place 28,781,800
1123 Maui Oasis 5,000,000
1125 Mission Hills At Havila4,500,000
1126 The Tropics 3 2,032,500
1129 The Tropics 2 5,000,000
1132 Austine Homes at Claremont 1,000,000
1133 The Prominence10,769,400
1134 Woodville800,000
1153 Meridian Place 16,913,400
1169 Vinia Residences by Filinvest 2,900,000