GT Capital buys 20% stake in FNG to align land development

TY-LED conglomerate GT Capital Holdings, Inc. said it acquired a 20% stake in Federal Land NRE Global, Inc. (FNG) from Federal Land, Inc. for P9.16 billion to better coordinate its land bank development projects, particularly in Riverpark.

“The transaction reinforces GT Capital’s commitment to institutional synergy with FNG, for the enhancement of its projects,” GT Capital Treasurer and Chief Financial Officer Mr. George S. Uy-Tioco, Jr. said in a statement on Tuesday.

“With a direct stake in FNG, GT Capital will be able to better synchronize its own land bank development initiatives, particularly in Riverpark,” he added.

FNG is a joint venture between Federal Land, Inc. and Nomura Real Estate Development Co., Ltd. GT Capital Holdings, Inc. is the parent company of Federal Land.

FNG develops properties in Cavite, Pasay, Mandaluyong, and Cebu, with projects ranging from high-rise developments such as The Observatory to residential communities like Yume at Riverpark in General Trias.

In 2025, the company reported a full sell-out of the first tranche of Riverpark’s commercial lots, which are intended for office, retail, and mixed-use developments.

At Riverpark North, a UNIQLO logistics facility is scheduled to begin operations in the first half of 2026. The company said the facility will be the brand’s largest warehouse in Southeast Asia, spanning 3.5 hectares and expected to generate up to 400 jobs.

Shares in GT Capital rose by 2.77% to close at P520 each on Tuesday. — Alexandria Grace C. Magno