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Federal Land, Isetan, Nomura tie up for $400-M BGC project
by James A. Loyola | Manila Bulletin | Monday | July 10, 2017 | 10:01 PM
Federal Land, Inc., the wholly-owned property subsidiary of GT Capital Holdings, Inc. is teaming up with Isetan Mitsukoshi Holdings Ltd. and Nomura Real Estate Development Co., Ltd. for a $400-million mixed-use development in Bonifacio Global City (BGC).
In a disclosure to the Philippine Stock Exchange, GT Capital said Federal Land and its Japanese partners will jointly finance and develop Sunshine Fort, a mixed-use retail-residential project.
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Sunshine Fort, a Japanese-inspired residential and retail complex, is part of Federal Land’s 10-hectare Grand Central Park development in BGC. The master-planned community is expected to be completed in 2025.
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This massive project is already under preparation stage as shown on the fenced lot below:
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