GT Capital ups property play with FNG stake

GT Capital Holdings Inc. has acquired a 20-percent stake in a property joint venture for P9.16 billion, expanding its exposure in the real estate sector.

In a disclosure on Tuesday, the Ty-led conglomerate said it purchased shares held by Federal Land Inc. in Federal Land NRE Global Inc. (FNG), securing a direct interest in the company.

The transaction involved the acquisition of 20 percent of FNG’s issued capital stock for an aggregate amount of P9.16 billion, marking a strategic investment in the group’s property portfolio.

With the new stake, GT Capital said it would be better positioned to align its land bank development initiatives with those of the joint venture. This includes projects tied to its flagship Riverpark development.

The move underscores GT Capital’s continued push to strengthen its real estate footprint through Federal Land, its property arm, as it pursues long-term growth opportunities in the sector.

Federal Land has been a key contributor to GT Capital’s portfolio, with projects spanning residential, commercial and mixed-use developments across the country.

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By taking a direct stake in FNG, GT Capital is expected to gain more flexibility in steering development plans and optimizing the use of its land assets alongside its partners.

The company did not disclose further details on the structure of the joint venture, but the investment highlights its strategy of deepening participation in high-value property developments.