GT Capital injects ₱9 billion into Federal Land by buying stake in Nomura JV

GT Capital Holdings Inc., the Ty family’s flagship investment firm, has infused ₱9.16 billion into its wholly owned property subsidiary Federal Land Inc. through the acquisition of a 20-percent stake in the unit’s joint venture (JV) with Nomura Real Estate Development Co. Ltd. (NRE).

In a disclosure to the Philippine Stock Exchange (PSE) on Tuesday, March 31, GT Capital said it bought a 20-percent direct stake in Federal Land NRE Global Inc. (FNG) from Federal Land, which previously owned 59 percent of the JV.

GT Capital acquired 91.6 million FNG shares at the par value of ₱100 per share and fully paid for the transaction in cash.

“The transaction reinforces GT Capital’s commitment to institutional synergy with FNG, for the enhancement of its projects,” GT Capital Treasurer and Chief Financial Officer (CFO) George S. Uy-Tioco Jr. said.

He added that, “Through deeper strategic alignment, we can ensure better operational efficiency and overall performance for the benefit of FNG’s customers and tenants. With a direct stake in FNG, GT Capital will be able to better synchronize its own land bank development initiatives, particularly in Riverpark.”

FNG is a premier property developer with a landbank in Cavite and Cebu provinces as well as the cities of Mandaluyong and Pasay in Metro Manila. NRE holds a 34-percent stake in the company, while the remaining seven percent is owned by another GT Capital subsidiary, Horizon Land Property Development Corp.

The company maintains a diverse portfolio, spanning vertical projects such as The Observatory in Mandaluyong City, and horizontal communities including Yume at Riverpark in General Trias City, Cavite, positioning it at the forefront of horizontal development in the province’s emerging growth corridor.

In 2025, FNG reported a 100-percent sellout of the first tranche of commercial lots at Riverpark, which are set to be developed into office, retail, and other mixed-use facilities.

Among FNG’s prime locators at Riverpark North is UNIQLO’s logistics facility, slated to become operational by the first half of 2026.

The facility will be the largest UNIQLO warehouse in Southeast Asia, spanning 3.5 hectares (ha) and expected to generate up to 400 jobs.

The article was originally published in Manila Bulletin and written by James A. Loyola.

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