GT Capital Holdings Inc. on Tuesday said it had acquired a 20-percent direct stake in Federal Land NRE Global Inc. (FNG) from its wholly owned subsidiary, Federal Land Inc., for P9.16 billion.
The conglomerate said the transaction underscored its commitment to enhancing institutional synergy with FNG, a developer with a growing landbank across Cavite, Pasay, Mandaluyong and Cebu.
In a series of disclosures, the company said the transaction was completed on March 30, 2026, and was fully paid in cash.
“With a direct stake in FNG, GT Capital will be able to better synchronize its own land bank development initiatives, particularly in Riverpark,” GT Capital said.
FNG, a joint venture between Federal Land and Japan’s Nomura Real Estate Development Co., Ltd., currently has a diversified portfolio that includes vertical developments such as The Observatory in Mandaluyong and horizontal communities like Yume at Riverpark in General Trias, Cavite.
It was said to be actively expanding in Cavite’s emerging growth corridor, where demand for mixed-use and residential developments continues to rise.
GT Capital Treasurer and Chief Financial Officer George S. Uy-Tioco Jr. said the investment in FNG would allow for a deeper strategic alignment and ensure improved operational efficiency and stronger overall performance.
In 2025, FNG reported that the first tranche of commercial lots in Riverpark that were set to be developed into office, retail, and other mixed-use facilities had been fully sold out.
Japan’s Uniqlo is among the key locators in Riverpark North, with operations expected to begin in the first half of this year. Uniqlo’s 3.5-hectare warehouse is set to be its largest in Southeast Asia and is projected to generate up to 400 jobs.
GT Capital is one of the Philippines’ largest listed conglomerates, whose core businesses span banking, automotive, property development, insurance and infrastructure.
The company’s shares on Tuesday rose P14.00, or 2.77 percent, to close at P520.00 each amid a 1.35-percent advance for the benchmark Philippine Stock Exchange index.
