Trying times: Vehicles travel along Metro Manila. The country’s economy is struggling to gain momentum with the increase in Covid-19 cases. — Bloomberg
MANILA: Filinvest Land Inc, the cheapest among the biggest builders in the Philippines, expects a valuation boost when its real estate investment trust venture goes public later this year.
The planned third-quarter float of 17 office buildings in a real estate investment trust should also help Filinvest Land finance projects and return to pre-pandemic-level earnings within three years, chief executive officer Josephine Gotianun-Yap said in an interview.
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