ARTHALAND to build more multi-certified sustainable condominiums after listing P2.5-B worth of preferred shares
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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 will be invested in ARTHALAND’s upcoming two-tower, multi-certified sustainable residential project, which is aimed at the broader mid-market segment.
This will supplement ARTHALAND’s larger, multi-phased developments, providing a steady pipeline of sustainable, master-planned projects that will be launched over the next ten years and beyond.
“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.
This is the fourth time ARTHALAND has listed its preferred shares with the Philippine Stock Exchange (PSE). Since its maiden offering, the company has worked to acquire properties, launch new projects, and complete them on time.
The real estate developer has assembled a portfolio with a total gross floor area of 456,000 sqm, reflecting an almost five-fold growth during the past five 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.
ARTHALAND is the only real estate developer in the Philippines with a residential and commercial portfolio 100% certified as sustainable by both 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.
For more information about ARTHALAND, please visit www.arthaland.com.
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