MANILA, Philippines — Gotianun-led Filinvest Land Inc. is looking to grow the portfolio of its nascent real estate investment trust (REIT) beyond call center offices in a bid to fund future expansion plans. Moving forward, we’re not limiting the portfolio to office leasing,” Ana Venus Mejia, Filinvest Land chief finance officer, said in an interview with Philstar.com on Monday. Filinvest REIT is also looking to include industrial and logistics assets on its portfolio, Mejia said, but she added that these ventures are still in “gestation.”"Our intention right now is to only have one REIT company, which is the Filinvest REIT," she said. On Monday, Filinvest Land announced that the local bourse already greenlighted its REIT company’s P14.9-billion initial public offering set to begin on July 26 until August 3. For Beatrice Lopez, equity analyst at Regina Capital, Filinvest REIT’s offer price is cheap enough to lure buyers.

Source: Philippine Star July 12, 2021 11:37 UTC