Japan’s Mitsui buys 40 percent of Arthaland Makati project

Mitsui Fudosan Co., Ltd., part of Japan’s powerful Mitsui Group, has taken a 40 percent stake in a prime Makati residential project of the Po family-backed Arthaland Corp..

The transaction was valued at P304 million, giving the Japanese group a minority position while Arthaland keeps control of the project.

The stake was acquired through a project company called Zileya Land Development Corp., which owns a residential development site along Arnaiz Avenue in Legazpi Village, Makati, although the project name and property size not disclosed.

After the deal, Arthaland will continue to own 60 percent of Zileya and remain the controlling partner in the development.

Bringing in Mitsui early allows it to share project risk, unlock capital, and recycle funds for future developments.

Mitsui Fudosan had also partnered with Arton by Rockwell, underscoring its strategy of taking minority stakes alongside established local developers in the Philippines.

—Edited by Miguel R. Camus