Connect with us

Hi, what are you looking for?

Top Stories

Editor's Pick

Filinvest Land leases Buendia building to DTI

GOTIANUN-LED Filinvest Land, Inc. (FLI) has leased its entire Filinvest Building in Buendia, Makati City, to the Department of Trade and Industry (DTI).

FLI, through its office business unit Filinvest Cyberparks, Inc., is leasing the 14-storey Filinvest Building in Gil Puyat Avenue to DTI as part of the government agency’s plan to consolidate its various operating units, the listed property developer said in a statement on Monday. 

The property developer did not provide further details on the lease agreement such as its value and duration.

The lease encompasses 10,668.40 square meters and was finalized after FLI and DTI signed a lease agreement.

DTI’s operating units that will transfer to the Filinvest Building include the Office of the Secretary, Competitiveness and Innovation Group, Consumer Protection Group, and Communications Office.

“Filinvest Buendia provides an optimal environment for our operations, enabling us to enhance our services and better serve the Filipino people,” Trade Assistant Secretary Agaton Teodoro O. Uvero said.

In 2023, FLI saw a 30% jump in its attributable net income to P3.77 billion. The company’s consolidated revenue and other income rose by 13% to P22.55 billion in 2023 from P19.94 billion in 2022 led by higher contributions from its residential and leasing segments.

FLI shares were unchanged at 68 centavos per share on Monday. — Revin Mikhael D. Ochave

You May Also Like

Forex

As the world seeks sustainable and energy-efficient solutions for heating and cooling, the heat pump market is experiencing a significant surge. According to the...

Forex

The introduction of aggressive climate objectives by global economies and growing prospects for reducing carbon emissions are driving the growth of the district heating...

Forex

In the dynamic automotive sector, consistent growth of the electric vehicle (EV) charging industry has become increasingly evident. Consumers and businesses alike are recognizing...

Forex

With a higher focus on sustainable living in modern architecture, the building automation systems (BAS) industry stands as a beacon of innovation. These systems...

Disclaimer: SecretsOfRichDads.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2024 Secrets Of Richdads. All Rights Reserved.