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TAGAYTAY | Fora Mall Tagaytay [mix]

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Filinvest earmarks P20B for expansion

Filinvest Land, Inc. (FLI), the property development arm of the Gotianun group, is raising its capital expenditures (capex) budget to P20 billion this year from the P11 billion it spent in 2012 as it aims to boost inventory of its products.

During the firm’s annual stockholders’ meeting, FLI president Josephine Gotianun-Yap said “around P10 billion is earmarked for residential development costs, P7 billion for the construction of office buildings and malls and the balance of P3 billion for landbanking activities.”

Yap said FLI is eyeing to launch P18 billion worth of new projects and additional phases of old projects this year, more than double the P7 billion worth of projects that were offered to the market last year.

FLI investor relations officer Anabelle Arceo explained that the company did not launch as many projects last year since it focused on selling existing inventories.

Arceo said they will launch 12 new projects and additional expansions consisting of seven horizontal projects, two medium-rise buildings, one high-rise building and the company’s affordable housing brand Futura Homes.

FLI is also aiming to double its leasing portfolio to 550,000 square meters by 2015 from 253,000 sqm. in 2012. The target for the end of 2013 is 361,00 sqm.

This includes increasing its retail space to 268,231 sq.m. by 2016 with the expansion of existing malls, and new developments. FLI is spending P5 billion to expand its Alabang Festival Supermall by an additional 48,974 sqm., by 2015.

Also under development are the P2.8 billion, 30,211 sqm. Filinvest Mall Tagaytay, set for completion by 2015; the P1 billion, 19,069 sqm., Filinvest Mall Princeton in Molino, Bacoor Cavite, set for completion in 2015; and the P3.1 billion, 35,231 sqm., Festival Supermall Cebu, set for completion in 2016.

Also to boost leasing space is the expansion of the firm’s office building business. “Filinvest One, FLI’s newly-completed building at Northgate Cyberzone, is already 70 percent leased-out, and some floors have already been turned over to tenants for fit-outs,” Yap said. (James A. Loyola)

source: Manila Bulletin

According sa Manila Bulletin 2015 ang target completion ng Filinvest Malls sa Bacoor at Tagaytay...
:cheers:
 

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blueskyscraper
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Filinvest Mall Tagaytay

For its retail leasing business, FLI expects to make available additional 80,000 sqm of retail space in 2015 from its mall expansion in Alabang and Cebu.

To maintain its position as the biggest mall in southern part of Metro Manila, FLI is developing malls in Tagaytay, Cavite and Binondo which would boost GLA by 50,000 sqm in the next two years.

Read more: Philippine Star

Mall wars at the highlands! It will be a battle between Ayala's The District Tagaytay and Filinvest Mall Tagaytay...
 

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Filinvest Mall Tagaytay

For its retail leasing business, FLI expects to make available additional 80,000 sqm of retail space in 2015 from its mall expansion in Alabang and Cebu.

To maintain its position as the biggest mall in southern part of Metro Manila, FLI is developing malls in Tagaytay, Cavite and Binondo which would boost GLA by 50,000 sqm in the next two years.

Read more: Philippine Star

Mall wars at the highlands! It will be a battle between Ayala's The District Tagaytay and Filinvest Mall Tagaytay...

Megaworld's Tagaytay Twin Lakes commercial strip is also scheduled to open sometime in 2015. It's not like a typical in door mall though, more of outdoor retail and dining experience.
 

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blueskyscraper
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Ang alam ko geographically hindi part ng Tagaytay ang Twin Lakes. If I'm not mistaken part ito ng Laurel, Batangas. They are only using Tagaytay for promotional purposes dahil nga mas malakas ang hatak kung Tagaytay ang gagamitin.
 

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Ang alam ko geographically hindi part ng Tagaytay ang Twin Lakes. If I'm not mistaken part ito ng Laurel, Batangas. They are only using Tagaytay for promotional purposes dahil nga mas malakas ang hatak kung Tagaytay ang gagamitin.
I dont think it matters, once Twin Lakes is completed it will create a name for itself. That's 1,500 hectare development na hindi membership unlike highlands. Of course the residential village are gated lang. Basically from ridge down to the lake ang sakop ng Twin Lakes.
 

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blueskyscraper
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Gets ko point mo. Pero bakit nila ikinakabit ang "Tagaytay" sa name of project nila kung di naman ito importante. For me pang-enganyo din kasi sa mga buyer kaya siguro nila ginagamit ang Tagaytay though Laurel is part of Metro Tagaytay and the fact that it is adjacent to Tagaytay.
 

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Filinvest ventures into Tagaytay with P4-B Fora

By Neil Jerome C. Morales (The Philippine Star) | Updated August 1, 2014 - 12:00am




MANILA, Philippines - Property developer Filinvest Land Inc. (FLI) is venturing into Tagaytay for the first time with a flagship mixed-use development that will help transform anew the popular weekend getaway.


The P4-billion Fora Tagaytay project will feature a forest-themed garden amenity, a modern commercial block, condominium buildings and condotels that will foster the celebration and gathering of all types of both tourists and residents.


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The commercial block, with a gross floor area of 47,000 square meters (sqm), will feature a Metro Gaisano supermarket and department store, four digital cinemas, and close to 300 dining and retail shops.

Another major feature is the Forest, the main garden amenity that completes the destination concept of Fora. It will offer dining options fronting the amphitheater, which will serve as an events center for weddings and parties.

For the residential side, FLI will put up four buildings, two of which are 10-story condotels with 159 units each, a shared infinity pool, a trade hall and meeting rooms. The 23-54 sqm condotels will be operated by Filinvest Hotels Inc. through the Quest Hotel brand.
 
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