Filinvest Land to boost leasable space by 58%

Corporate News

Posted on December 28, 2014 09:57:00 PM

The expansion of Festival Supermall in Alabang and the soft launch of four other projects will bring the real estate developers gross leasable area to 219,195 sq.m. next year.

The company had said in November it wants to increase its gross leasable area to around 995,000 sq.m. within five years.

Festival Supermall, the companys flagship mall located in Alabang and managed by its wholly owned subsidiary Festival Supermalls, Inc., will add 46,705 sq.m. in 2015 to the current 134,090 sq.m. of leasable space, Filinvest Land Corporate Communications Manager Christine A. Gaylican said in a mobile phone reply on Sunday.

Meanwhile, the developers retail and commercial centers in Cebu and Laguna will be operational in 2015, according to Filinvest Land Senior Vice-President for Commercial Center and Retail Management Joy Polloso.

Construction is ongoing for Il Corso, the companys lifestyle, retail and dining strips in Cebu. The project will have 11 connected buildings with a gross floor area of 55,000 sq.m. and a gross leasable area of 36,000 sq.m.

The Central Piazza where the main entrance and amphitheater are located will be ready to welcome guests early next year, Ms. Polloso said.

The companys 4.4-hectare project in Laguna, The Village Front, is planned to be the commercial area for the Brentville International community in Bian.

Fora, Filinvest Lands mixed-use development at the Tagaytay Rotunda, will be complete by 2016 and will house 32,000 sq.m. of retail and mall space.

Here is the original post:
Filinvest Land to boost leasable space by 58%