PCC approves Filinvest, Mitsubishi partnership for property development !-- --
for the development of a mixed use property in Alabang. In a recent decision, the government's anti-trust body said the proposed partnership would not result in substantial lessening of competition in the markets for commercial real estate developments.
"This is because post-transaction, sufficient competitive constraints remain from other market participants within and outside of Alabang, Muntinlupa City," the PCC said. Last October, Filinvest through
said it was partnering with Mitsubishi for the development of a portion of Filinvest City in Alabang into a mixed use property with an investment of
The parties will jointly develop the property as a multi-tower, mixed-use complex through a joint venture company. Proponents will invest an estimated
FAI and MC are set to bring in their expertise and experience in the fields of construction, operations and management, and urban development, to create their first shared innovative landmark. The new project is envisioned to be a landmark development that will feature grade A office spaces complemented with impressive retail concepts in the area.
The project is strategically located in Filinvest City, Alabang. Specifically, the new mixed-use development would be situated across the newly expanded
FAI is a subsidiary of
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