With its recent acquisition of two Rizal Commercial Banking Corporation (RCBC) real estate subsidiaries, full-range property developer Filinvest Land, Inc. (FLI) is solidifying its foothold and accelerating its expansion in the high-growth province of Cavite.
On July 14, FLI purchased two (2) wholly owned RCBC subsidiaries, Niyog Property Holdings, Inc. (incorporated in 2005) and Cajel Realty Corporation (incorporated in 2008), taking over the two latter companies’ joint land development activities in Bacoor City, Cavite.
"Filinvest Land is committed to expanding its presence nationwide in areas with tremendous growth potential, as part of our strategic plan to offer Filipinos quality residential developments. Our acquisition, along with our existing projects in Cavite, reaffirms our dedication to delivering innovative and sustainable real estate solutions that enhance the lives of our valued customers, and by doing so help build the Filipino dream,” said Tristan Las Marias, FLI President and Chief Executive Officer.
The purchase increases FLI’s stake in Princeton Heights, a premier residential joint venture in Bacoor City, Cavite between FLI and the said RCBC companies.
Featuring American New England-inspired architecture that makes for exclusive village living, Princeton Heights (under FLI’s Aspire by Filinvest brand) is the first subdivision along Bacoor Boulevard (accessible via Daang Hari and Coastal Road) that allows buyers to invest in commercial lots.
All four phases at Princeton Heights are connected by a wide spine road for ease of wayfinding, with amenities such as a pavilion clubhouse, swimming pool, open field with jogging trails, and a volleyball court, among others.
In addition to Princeton Heights, FLI’s current presence in Cavite includes residential development Sydney Oasis and Main Square, a Filinvest Lifemall near Princeton Heights that is home to Bacoor City’s largest mall-based satellite office – the 773-square meter Strike sa Serbisyo Satellite Offices, which provides convenient access to local government services.