June 17, 2022

Strong And Steady: Property companies navigate COVID-19, post-election challenges

SHARE :

They are the captains of the ship, the maestro leading the orchestra, the fathers of the different property giants. They are chairmen, presidents, COOs and CEOs and they spearheaded their respective companies through the challenging two years of the pandemic and the lockdowns. Now, as the country transitions to a post-election Philippines, they continue to lead their companies with inspiring strength and skills.
New challenges have emerged — from scorching inflation here and abroad, skyrocketing oil prices and fears of a recession. But with them at the helm, the different property companies in the country are ready to face the new headwinds, stronger than before.
In celebration of this year’s Father’s Day, we pay tribute to the different property leaders who continue to brave the changing tides.
Federal Land
Alfred Ty, chairman
The challenging times did not deter the Ty Group’s Federal Land Inc., chaired by Alfred Ty, from forging a strategic partnership with Japanese real estate giant Nomura Real Estate Development Co. Ltd. (Nomura) to form a new company, Federal Land NRE Global Inc. (FNG).
The company is expected to bring to the Philippines milestone developments that mix Japanese inspiration with Filipino sensibility.
FNG plans to develop projects in Metro Manila, Cavite, and Cebu. This will include an initial pipeline of residential and commercial properties, as well as office spaces.
“Our late founder, Dr. George S.K. Ty’s love for architecture has molded the company to expand its portfolio into delivering large-scale and quality developments. We are very delighted to bring our partnership with Nomura Real Estate, Japan’s top five developers, to greater heights,” chairman Alfred Ty said of the partnership.
During the first quarter, Federal Land posted total revenues of P2.8 billion, representing a 17 percent increase from P2.4 billion in the same period last year.
Read more: The Philippine Star Online – News