Federal Land taps Japanese firms for P20-B project | ABS-CBN

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Federal Land taps Japanese firms for P20-B project

Federal Land taps Japanese firms for P20-B project

ABS-CBN News

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Updated Jul 10, 2017 01:03 PM PHT

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MANILA - Federal Land Inc said Monday it was partnering with Japan's Nomura Real Estate Development Co and Isetan Mitsukoshi Holdings Ltd for a P20-billion retail and residential project.

Sunshine Fort Landmark will form part of Federal Land's 10-hectare Grand Central Park development in Bonifacio Global City, the property arm of billionaire George Ty's GT Capital Holdings said in a statement.

Nomura Real Estate and Isetan Mitsukoshi will bring a Japanese style to the project, which is expected to be completed by 2025, Federal Land said in a statement.

GT Capital Holdings shares were up 0.67 percent to P1,208 in early trading on Monday.

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