Filinvest Land, Inc. and Filinvest Alabang Inc. are the residential property arm of Filinvest Group, under the umbrella of the parent company, Filinvest Development Corporation (FDC). Both companies are publicly listed and actively traded in the PSE.
The group traces its roots to the consumer finance business established in 1955 by Mr. Andrew Gotianun Sr. FDC has since established a well known reputation for quality and reliability as it evolved into one of the country’s largest and most successful business organizations.
FDC has been engaged in real estate development since 1967. The residential property development business was spun off into a company, Filinvest Land, and became publicly listed in 1993. FLI is a publicly listed firm 49% of which is owned by FDC and 12% by the Government of Singapore Investment Corporation. It is one of the most actively traded issues in the PSE today and as well as one of the 30 companies weighted in the PSE index.
The group has a track record of over 40 years in real estate, having developed more than 2,600 hectares of land, and has carefully built and nurtured a distinguished performance record in real estate development. This is an achievement recognized by international bankers, investors, and the international financial community in general, as compiled and reported by the world’s most respected financial publications.
The following are the awards and citations received by FDC and FLI through the years:
* One of “Asia’s Best Companies” (1998–2000) – Finance Asia
* One of the “Top Three Property Companies in Asia” (1999) – Euromoney
* One of the “Best 100 Small Companies in the World” (1995–1996) – Forbes Magazine
* One of “Asia’s Most Managed Companies” (1996) – Asia Money
* Developer of the Year (1992) – Real Estate Builders Association
In an industry that is highly sensitive to the financial crisis, market downturns and political upheaval that our nation has seen, the Filinvest Group has emerged as one of the few survivors in our country.
This can be attributed to the group’s fundamental strength and stability. The fundamental soundness of the company was recognized by Philratings, the leading credit rating company in the country. Philratings awarded Filinvest Land with an AA rating, which is one of the highest ratings today for any property company. FLI also takes pride in its extensive landbank and its nationwide reach of projects.
Today, Filinvest Land, Inc. is the second largest property company in the Philippines in terms of assets and stockholder’s equity. As of March 2007, total assets stood at Php42 billion with stockholders’ equity of Php35 billion.