Filinvest Land Inc. By Ems Rullamas

ty portfolio catering to all markets. In 1967, the Gotianun Family entered the real estate business through the incorporation of Filinvest Realty Corporation, which was engaged in the development of residential subdivisions. In 1984, the Gotianun Family divested its interests in its financial businesses, Family Bank and Trust Company and the Insular Bank of Asia and America, and consolidated its real estate interests in FDC. By 1990, FDC expanded its product line to include the construction and sale of low-cost and medium-cost housing units. Thereafter, the product line was further expanded to include the development of commercial districts, leisure projects such as farm estates and sports clubs, and the construction of residential and office condominiums. and changed its name to FLI on July 12, 1993. FLI began commercial operations in August 1993 after FDC spun off most of its real estate operations and transferred all related assets and liabilities to FLI in exchange for shares of FLI. FLI’s shares were listed on the PSE on October 25, 1993. FDC remains FLI’s largest shareholder. As of December 31, 2018, FDC beneficially owned approximately 59.2% of FLI’s outstanding common shares and all of FLI’s issued and outstanding preferred shares, such that FDC has an effective 69% voting ownership in FLI. (“FAI”) was incorporated on August 25, 1993 in connection with the joint development of Filinvest City in Alabang. With its development of Filinvest City, the Group started as a central business district developer and has successfully ventured into retail, office, high-rise residential and leisure club development. As of December 31, 2018, FDC directly owns 80% of FAI’s issued and outstanding shares and FLI owns the remaining 20%.