GOTIANUN-LED property developer Filinvest Land Inc. said it planned to use the P1.89 billion in net proceeds raised from a share swap deal with its real estate investment trust (REIT) to fund various property development projects next year.
According to a reinvestment plan disclosed to the stock exchange on Thursday, the proceeds of the capped voluntary tender offer for shares in Filinvest REIT Corp. (FILRT) would “fund ongoing and future investments in real estate properties in Metro Manila and other key regions in the Philippines.”
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