Built on municipally owned land, the project follows a build-operate-transfer arrangement granting Topline up to 50 years of operational control—30 years initially, renewable for another 20.
The Gotianun family-led Filinvest Land Inc. (FLI) is transferring its ownership of Festival Mall - Main Mall to Filinvest REIT Corp. (FILRT) through a P6.2-billion property-for-share deal.
Strong Filipino consumer spending is boosting Ayala Land’s mall business, which is observing early signs of growth momentum amid an aggressive P13-billion program to renovate key shopping malls in Metro Manila and Cebu.