Ortigas Land president and chief executive Jose Emmanuel Jalandoni said in a recent interview the company was looking at either an initial public offering or real estate investment trust offering to fund expansion plans.
Ortigas Land, formerly Ortigas & Co Limited Partnership, has built master-planned developments for over 90 years. In 2014, Ayala Land Inc. and SM Prime Holdings Inc. finalized a deal to acquire a majority stake in the company. He said the company would open a new phase within the Greenhills Shopping Complex in San Juan City in 2023.
Ortigas Land has been redeveloping its crown jewel, Greenhills Shopping Complex, to transform it into a modern mixed-use estate.He said Greenhills would retain the “tiangge” area, one of the most popular sites within the complex.
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