FNG is a venture betweenFederal Land Inc. and Nomura Real Estate Development Co., Ltd. GT Capital owns 100 percent of Federal Land.
Stronger joint venture alignment
The move strengthens GT Capital’s position in its joint venture with Nomura, giving it more direct exposure to a growing development platform.
“The transaction reinforces GT Capital’s commitment to institutional synergy with FNG, for the enhancement of its projects,” said treasurer and chief financial officer George S. Uy-Tioco Jr.
Riverpark expansion
“With a direct stake in FNG, GT Capital will be able to better synchronize its own land bank development initiatives, particularly in Riverpark,” Uy-Tioco added.
FNG’s portfolio includes The Observatory in Mandaluyong and large-scale communities like Riverpark in Cavite, where initial commercial lots have already sold out.
A key locator, the UNIQLO logistics hub set to be Southeast Asia’s largest, highlights the site’s potential as a mixed-use hub.
—Edited by Miguel R. Camus
