GT Capital gets direct stake in FNG for P9.16 billion

MANILA, Philippines — Ty-led diversified conglomerate GT Capital Holdings Inc. has secured a direct stake in Federal Land NRE Global Inc. (FNG) with the acquisition of a 20-percent stake in the company for P9.16 billion.

FNG, the joint venture between GT Capital’s wholly owned property subsidiary Federal Land Inc. and Nomura Real Estate Development Co. Ltd. of Japan, is a premier property developer with landbank in Cavite, Pasay, Mandaluyong and Cebu.

GT Capital acquired at P100 apiece a total of 91.61 million shares or 20 percent of the issued capital stock owned by Federal Land.

GT Capital treasurer and chief financial officer George Uy-Tioco Jr. said that with a direct stake in FNG, GT Capital would be able to better synchronize its own land bank development initiatives, particularly in Riverpark in Cavite.

“The transaction reinforces GT Capital’s commitment to institutional synergy with FNG, for the enhancement of its projects. Through deeper strategic alignment, we can ensure better operational efficiency and overall performance for the benefit of FNG’s customers and tenants,” he said.

FNG currently has a diverse portfolio spanning vertical projects such as The Observatory in Mandaluyong and horizontal communities including Yume at Riverpark in General Trias.

GT Capital said that Yume at Riverpark, a Japan-inspired residential enclave, enables FNG to be at the forefront of horizontal development in Cavite’s emerging growth corridor.

Last year, FNG reported the 100 percent sell-out of the first tranche of commercial lots in Riverpark, which are set to be developed into office, retail and other mixed-use facilities.

Among FNG’s prime locators at Riverpark North is the UNIQLO Logistics Facility, which is slated to become operational within the first half of 2026.

Spanning up to 3.5 hectares, the facility is the largest UNIQLO warehouse in Southeast Asia and is expected to generate up to 400 jobs.