By Doris Dumlao
Philippine Daily Inquirer
Posted date: September 03, 2009
TYCOON ANDREW GOTIANUN’S HOLDING firm Filinvest Development Corp. will invest about P3 billion to build an upscale residential condominium, The Beaufort, at the Bonifacio Global City and turn it over to buyers by 2012.
The Beaufort, a two-tower residential high-rise, sits on a 3,800-square meter prime residential property in Global City.
FDC is now selling 145 units at the west tower, but it has yet to determine how many units will be built for the second tower. Both towers are expected to be completed by 2012.
The Beaufort offers only four units per floor to ensure maximum privacy for residents. Prices range from P8.3 million to P18 million. The smallest units (two-bedroom junior units) have a floor area of 70 square meters, while the biggest (three-bedroom units) have a floor area of 148 square meters.
“It is one of the last remaining properties that has the view of the Manila Golf Club,” Filinvest Land Inc. president Joseph Yap told reporters yesterday.
In the meantime, FDC’s residential property arm Filinvest Land Inc. has assigned First Metro Investment Corp., BPI Capital and BDO Capital to underwrite its maiden retail bond offering worth as much as P5 billion, Yap said.
He said the debut offering would likely take place next month.
For this year, FLI expects to post about 10- to 15-percent growth in residential property sales, Yap said.
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