MANILA, Philippines — Federal Land NRE Global Inc. (FNG), a joint venture between GT Capital’s wholly owned property subsidiary Federal Land Inc. and Japan’s Nomura Real Estate Development Co. Ltd., has fully sold out commercial lots at the Riverpark North in General Trias, Cavite.
FNG said it has sold parcels ranging from 1,000 to 2,600 square meters that will be developed into office, retail and other mixed-use facilities.
“We commend FNG for the successful 100 percent sale of its commercial lots at Riverpark North, a significant milestone that not only strengthens our business portfolio but also unlocks new opportunities for development and economic activity in the area,” GT Capital senior vice president and investor relations head Jose Crisol Jr. said.
“This milestone reflects our continued commitment to creating long-term value for our stakeholders and contributing to the growth of the communities we serve,” Crisol said.
GT Capital said the acquisition of the commercial lots reflects foresight and strategic positioning by certain investors ahead of the completion of the Cavite-Laguna Expressway (CALAX) interchange.
The sale of commercial lots is also expected to usher business activity and advance the growth of the Riverpark township, it said.
Given the strong take-up of commercial lots, GT Capital said that a second phase is expected to be launched within the second quarter of 2026 in time for the completion of the CALAX interchange, the UNIQLO Logistics Facility and the new SM City General Trias.
“We are thrilled to see such strong interest in Riverpark’s Central Business District,” FNG president Thomas Mirasol said.
“We share the vision of our clients in the near-term potential of General Trias and Cavite as a growth hub and commercial center and we are already preparing to deliver more innovations within the township,” Mirasol said.
With Riverpark gearing up to become a major destination, GT Capital is optimistic that FNG will be a key player in solidifying Cavite’s position as a rising investment destination.
GT Capital said that Yume at Riverpark, FNG’s Japan-inspired residential enclave, continues to draw interest from homebuyers seeking thoughtfully designed homes in a vibrant and well-connected township.
It said that the community is preparing to unveil its house-and-lot product within the year, featuring five home designs by renowned firm, Lor Calma & Partners.
Federal Land’s shift to horizontal projects resulted in strong reservation sales of P5.9 billion in the first quarter.
The robust sales were driven primarily the full sell-out of Riverpark North commercial lots as well as strong take-up at other strategic developments, particularly at The Seasons Residences in Taguig and Phase One of the Hartwood Village in Laguna.
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