Filinvest Land Inc., the property unit of the Gotianaun Group, said it will start developing next year a 1.3-hectare property in Cubao, Quezon City into a mixed-use transit-oriented development, dubbed Activa.

FLI president Josephine Gotianun-Yap said in an interview during the annual stockholders’ meeting held Friday Activa would have four buildings, including two office towers geared toward the business process outsourcing sector.

The mixed-use development will also have a residential condominium, a commercial development and a hotel.

FLI acquired the property from the Ramos family of National Book Store for close to P1 billion.

Yap did not provide the total investment cost in Activa. She said the projects was  strategically located at the junction of two busiest mass rail systems in Metro Manila–MRT 2 and LRT 2.

It is also one of the three prime mixed-use developments that the property company was pursuing.

The two others are the 2.6-hectare One Binondo in Chinatown, Manila, which will have retail, micro-retail, mall, office, residential and hotel developments; and 100 West in Makati, which is situated along the proposed mass rail system connecting Bonifacio Global City and the Pasay City Reclamation Area.

Meanwhile FLI will launch this year a 20-hectare residential development in Daanghari, Muntinlupa.

The property is geared for the high-end market as FLI plans to sell lots within the property at 350 square meters for P45,000 per sq. m.

FLI plans to raise as much as P2.5 billion in sales for the residential development.

Yap said the company was also on track to meet its target of tripling the recurring income gross leasable area for office and retail space within five years.