ARTHALAND to build more sustainable condominiums following the successful listing of P2.5 billion shares

ARTHALAND, the country’s foremost green developer, successfully raised P2.5 billion to fund its expansion program with an initial dividend rate of 7.326% per annum. A substantial  portion of the proceeds from the offer will fund the necessary investment of ARTHALAND into  its upcoming two-tower, multi-certified sustainable residential project catering to the  broader mid-market segment. This will supplement ARTHALAND’s larger, multi-phased  projects, which will provide a steady pipeline of sustainable, master-planned projects that  will be launched over the next 10 years and beyond.  

In the photo during the listing ceremony (from left to right): BDO Capital and Investment Corporation President Eduardo V. Francisco, ALCO EVP and Treasurer Cornelio S. Mapa Jr., ALCO Director Jaime Enrique Y. González, ALCO Independent Director Hans B. Sicat, ALCO Director Ricardo Gabriel T. Po, ALCO Vice Chairman and President Jaime C. González, PSE COO Atty. Roel A. Refran, PSE Issuer Regulation Division Head Atty. Marigel M. Baniqued Garcia, PSE Corporate Secretary Atty. Aissa V. Encarnacion, and Capital Market Development Division Head Mark Frederick V. Visda.

“We share the success of this offer with the investors who believe in ARTHALAND’s vision of  building world-class and sustainable developments that will provide a wealth of life at  home, at work, in the community, and in our country. We are very excited about our new  project following the overwhelming market response to Una Apartments in Sevina Park,  representing our first foray into the broader mid-market segment. Tower 1 of Una Apartments was completely sold out within 10 months, and we have begun selling Tower 2, which is also experiencing very strong demand,” said Jaime C. González, Vice Chairman and  President of ARTHALAND. 

It is the fourth time for ARTHALAND to list its preferred shares with the Philippine Stock  Exchange, and since its maiden offering, the company has worked to acquire properties,  launch new projects and complete them on time. It has assembled a portfolio with a total  gross floor area of 456,000 sqm, reflecting an almost five-fold growth during the past 5 years.  Each project is unique, best-in-class and adheres to the highest standards of sustainability.  From the Bonifacio Global City, it has expanded its presence into the high-growth areas of  Metro Cebu and Metro Laguna with Cebu Exchange, Lucima, and Sevina Park. It has also  expanded its presence into more established central business districts of Makati and Taguig  with Eluria and Savya Financial Center.  

BDO Capital and Investments Corp. was the sole issue manager, lead underwriter, and book  runner for the transaction. For more information about ARTHALAND, please visit  www.arthaland.com.

ARTHALAND is the only real estate developer in the Philippines with a residential and commercial portfolio 100% certified as sustainable by local and global organizations. It has made its mark in the Philippine real estate industry by pioneering the development and management of exceptional best-in-class properties that adhere to international and local standards.

ADVT.

This article is brought to you by ARTHALAND.