Federal Land at 50: Forging a formidable legacy
In the history of the Philippine real estate industry, only a few names have monumentally changed the landscape and skyline of towns and cities, transforming once barren lands into world-class metropolises where businesses and people thrive. Sitting among that very exclusive list is Federal Land Inc. who, for half a century, has built iconic buildings, innovative homes, and class-leading communities – elevating the way Filipinos live, work, and thrive.
Marking 50 years this 2022, Federal Land is proud of the projects under its extensive portfolio, from residential homes, subdivisions and condos, retail spaces, office buildings, masterplanned communities to hotels and recreational venues. These projects fulfill the vision of its late founder, the taipan Dr. George S.K. Ty, when he took it as a mission to build ideal homes for each and every Filipino, and to create projects not only at par with the world’s best, but also those that can contribute to nation building.
In 1972, Federal Land began as Federal Homes, with its first project in Binondo, Manila – a residential condo called Soler Tower, which provided a home for those who want to live in this burgeoning business district. Fifty years later, it continues its same mission but on a larger scale and a wider reach. Today, as the property arm of GT Capital Holdings and backed by the Metrobank Group, Federal Land is a premier real estate developer, trusted by investors, business owners, and families.
Aside from Federal Land, Inc., GT Capital Holdings’ investment holdings include Metropolitan Bank & Trust Company (Metrobank), Toyota Motor Philippines Corporation, Toyota Manila Bay Corporation, Toyota Financial Services Philippines Corporation, Sumisho Motor Finance Corporation, AXA Philippines, and Metro Pacific Investments Corporation.
“Through the years, Federal Land has contributed to many firsts in the Philippine real estate, redefining the landscape and skyline of the country. Today, we have the golden opportunity to elevate further the industry by building innovative and sustainable projects, setting a global standard that will benefit the future generations,” said Federal Land, Inc. Chairman Alfred V. Ty.
The Soler Tower was just the start of the rise of Ty’s company. With the initial success, this encouraged building of more projects in Binondo. In 1982, projects such as Tytana Plaza and Mandarin Mansion, considered to be Manila’s first high-rise office and residential building, catering to the needs of the Filipino-Chinese community. The company then expanded to other cities.
Federal Homes took on a new name – Federal Land, Inc. – in 2002 to signify its portfolio growth, which now included retail and commercial developments. The company saw great opportunity with the reclamation of Manila Bay by acquiring 36 hectares of land to start its first masterplanned community called Metro Park.
Read more: Manila Bulletin Online – News