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Filinvest Alabang, Inc. (FAI), a subsidiary of Filinvest Development Corporation, one of the leading, stable and diversified conglomerates in the Philippines, has signed a joint-venture agreement with Mitsubishi Corporation (MC), a global integrated business enterprise that develops and operates business in various industries. The agreement paves the way for the acquisition by MC of 40% interest in FAI’s almost 17,000 square meters of land at the heart of...

MANILA, Philippines — The Gotianun family is partnering with Mitsubishi Corp., a global business enterprise, for the development of a portion of Filinvest City in Alabang into a mixed-use property with an investment of P15 billion.

In a disclosure yesterday, Filinvest Development Corp., the conglomerate of the Gotianun Group, said its subsidiary Filinvest Alabang Inc. (FAI) is the proponent of the project.

Under the agreement, Mitsubishi...

FILINVEST Alabang Inc., a unit of Gotianun-led Filinvest Development Corp., on Thursday said it has signed a joint-venture agreement with Japan’s Mitsubishi Corp. to develop a parcel of land inside Filinvest City in Alabang.

The agreement paves the way for the acquisition by Mitsubishi of a 40-percent interest in Filinvest’s almost 17,000 square meters of land at the heart of Filinvest City in Alabang.

“…The parties...

A UNIT of Filinvest Development Corp. (FDC) is partnering with Japanese firm Mitsubishi Corp. for the development of a P15-billion mixed-use project in Alabang.

In a statement issued Thursday, FDC said Mitsubishi will acquire a 40% stake in almost 17,000 square meters (sq.m.) of land held by its unit Filinvest Alabang, Inc. (FAI). The property is located in Filinvest City, the company’s 244-hectare mixed-use estate in Alabang.

Through...