Filinvest Land : Reinvestment Plan Progress Report
January 14, 2022 at 02:42 am
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Filinvest Land, Inc.FLI
PSE Disclosure Form REIT-2 - Reinvestment Plan Progress Report Reference: Section 6 of the Amended PSE Listing Rules for REITS
Annual Report
Quarterly Report
Subject of the Disclosure
Use of Proceeds generated from the Initial Public Offering (IPO) of Filinvest REIT Corp. ("FILRT") pursuant to the Reinvestment Plan of Filinvest Land, Inc. ("FLI"), as Sponsor of FILRT.
Background/Description of the Disclosure
Progress Report on the Application of Proceeds as of December 31, 2021, duly certified by external auditors, in compliance with the disclosure requirements of the Philippine Stock Exchange, in relation to the Reinvestment Plan of FLI, as Sponsor of FILRT.
Update or Status of the Reinvestment Plan
As of December 31, 2021, the remaining balance of proceeds from FILRT IPO amounts to Nine Billion Six Hundred Ninety Million Four Hundred Ninety Five Thousand Three Hundred Thirty Two Pesos and Seventy Eight Centavos (Php 9,690,495,332.78).
Summary of Transactions Involving Real Estate and/or Infrastructure Projects for the Period
Please see attached file.
Description of Real Estate Assets and/or Infrastructure Projects for the Period
Axis Three - Office building located in Northgate Cyberzone
Axis Four - Office building located in Northgate Cyberzone
Cebu Tower 3 - Office building located in Filinvest Cebu Cyberzone
Marina Town Office - Office building located in Dumaguete City
Columna- Office building located in Binondo Manila
387 Gil Puyat - Office building located in Gil Puyat Avenue, Makati City
4 Workplus - Office building located in Workplus, Filinvest Mimosa in Clark, Pampanga
7 Workplus- Office building located in Workplus, Filinvest Mimosa in Clark, Pampanga
PDDC - District Cooling System in Filinvest developments
Marina Town Mall- Retail mall located in Dumaguete City
Clark Lifestyle Mall- Retail mall located in Filinvest Mimosa
Panglao Oasis- Midrise Building (MRB) Residential community located in Taguig City
Alta Spatial- Midrise Building (MRB) Residential community located in Valenzuela City
Verde Spatial - Midrise Building (MRB) Residential community located in Quezon City
Bali Oasis - Midrise Building (MRB) Residential community located in Pasig City
Belize Oasis- Midrise Building (MRB) Residential community located in Muntinlupa
Raw Land - Purchase of land for development purposes
Dreambuilders capex - investments for building structures, equipment and technology
Other Relevant Information
None.
Filed on behalf by:
Name
Sharon Refuerzo
Designation
Legal Counsel/Corporate Information Officer
Attachments
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Original Document
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Disclaimer
Filinvest Land Inc. published this content on 14 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 January 2022 07:41:06 UTC.
Filinvest Land, Inc. is a Philippines-based property developer. The Company is engaged in the development of residential subdivisions, construction of housing units and leasing activities. Its segments include Real Estate Operations and Leasing Operations. The Companyâs Real Estate Operations segment involves the acquisition of land, planning and development of fully integrated residential communities, as well as the development and sale of residential lots, housing units, medium-rise residential buildings, farm estates, industrial parks, residential resort projects, a private membership club and condominium buildings. The Companyâs Leasing Operations segment involves the operations of Festival Supermall, Fora Tagaytay, Main Square and Il Corso, including its management and theater operations. This segment also includes leasing of commercial and office spaces in Makati City, Muntinlupa City, Pasay City, Bacoor City, Tagaytay City, Cebu City and Clark.