FNG eyes completion of Riverpark Uniqlo hub in Cavite this year
FEDERAL LAND NRE Global, Inc. (FNG) is set to complete the construction of a Uniqlo logistics facility at Riverpark North in Cavite by the end of the year, a company official said.
鈥淲e鈥檙e developing for Uniqlo Philippines. I think it鈥檚 going to be their biggest in the country. It鈥檚 coming along very well, and it should be ready by the end of this year,鈥 Federal Land, Inc. Vice-Chairman William Thomas F. Mirasol told 大象传媒 Editor-in-Chief Cathy Rose A. Garcia as part of 大象传媒 One-on-One鈥檚 online interview series.
The human-centric logistics facility is being developed in partnership with Fast Retailing Philippines, the local arm of the global company that operates Uniqlo.
The hub is located at Riverpark North, a 6.9-hectare mixed-use district in General Trias, Cavite, slated for completion by 2027.
FNG plans to launch its second batch of commercial lots at Riverpark North by early 2026, after fully selling out its first batch, Mr. Mirasol said.
鈥淲e already have one major locator that鈥檚 going to be there, and we鈥檒l be in a position to disclose that as soon as the contract has been signed,鈥 Mr. Mirasol said, adding that the new locator is a major Philippine-Japanese company.
FNG is also set to launch two model homes at Yume at Riverpark, an 18-hectare Japanese-inspired neighborhood within the Riverpark township, Mr. Mirasol said.
鈥淣omura Real Estate is a big home builder in Japan as well as a high-rise condominium builder. So, we鈥檙e leveraging their experience, their technology in this to offer the same thing here in the Philippines,鈥 he said.
The model homes will feature clean lines and efficient layouts, Mr. Mirasol added.
鈥淲e do expect that the living experience, which again is always the most important thing for us, is something that I think the Philippine market will value.鈥
FNG is a joint venture between listed conglomerate GT Capital Holdings, Inc.鈥檚 subsidiary Federal Land and Japanese real estate developer Nomura Real Estate Development Co., Ltd.
On Monday, shares of GT Capital fell by 1.65% or P11 to close at P654 apiece. 鈥 Beatriz Marie D. Cruz
