10 months Filinvest’s real estate units to get P39-B capex MB |Biz
By James A. Loyola Filinvest Development Corporation (FDC), the flagship of the Gotianun family, is allocating P38.9 billion in capital expenditures (capex) this year for its real estate businesses. During the firm’s annual stockholders’ meeting, FDC President Josephine G. Yap said the capex will support their continued pursuit of a dual-pronged strategy of accelerating the monetization of its trading assets and land bank and growing its infrastructure and investment portfolio. The 2019 real estate capex will be used by Filinvest Land, Inc., Filinvest Alabang, Inc. and Filinvest Hospitality Corporation for land acquisition and property development. This year, FDC is expected ... more