Gotianun-led Filinvest Land Inc. (FLI) is anchoring the success of its new real estate investment trust (REIT), which it spun off from a portfolio of commercial assets, on an upbeat business process outsourcing (BPO) industry.
Prime multinational BPO companies accounted for 88.4 percent of the occupied gross leasable area (GLA) of a planned 16-building REIT portfolio as of March 31 while Philippine offshore gaming operator tenants occupied only 2.8 percent, FLI said in a press statement.
Non-BPO offices and retail tenants comprised the balance.
“REIT is a new financial platform to monetize our investment assets as they mature and provide funding to fuel future growth. The fair m…
Keep on reading: Filinvest hinges success of REIT listing on buoyant BPO industry