01/12/2024
Arthaland Secures β±2.5 Billion to Drive Sustainable Expansion
Arthaland, the Philippines' leading green developer, has successfully raised β±2.5 billion through its latest offering, achieving an initial dividend rate of 7.326% per annum. This funding will primarily support the development of a two-tower, multi-certified sustainable residential project, catering to the mid-market segment. This initiative complements Arthaland's expansive, multi-phased projects, ensuring a consistent pipeline of sustainable, master-planned developments for the next decade and beyond.
β’ A Proven Track Record of Success
Arthalandβs commitment to world-class sustainability is reflected in its achievements:
- Tower 1 of Una Apartments at Sevina Park, its first mid-market project, was completely sold out within just 10 months. Sales for Tower 2 are already experiencing strong demand.
- Over the past five years, the company has expanded its portfolio to 456,000 sqm of gross floor area, marking nearly fivefold growth.
- Notable projects include Cebu Exchange, Lucima, Sevina Park, Eluria, and Savya Financial Center, each adhering to top-tier sustainability standards.
β’ Expanding Nationwide Footprint
From its beginnings in Bonifacio Global City, Arthaland has extended its reach to high-growth areas like Metro Cebu and Metro Laguna, while strengthening its presence in prime business districts like Makati and Taguig.
β’ Commitment to Vision and Excellence
"We share the success of this offer with investors who believe in Arthaland's vision of creating world-class, sustainable developments. Weβre thrilled to introduce our new project following the overwhelming market response to Una Apartments," said Jaime C. GonzΓ‘lez, Vice Chairman and President of Arthaland.
β’ Partnering for Growth
BDO Capital and Investment Corp. acted as the sole issue manager, lead underwriter, and bookrunner for the transaction, reinforcing confidence in Arthaland's expansion strategy.
β’ Looking Ahead
As Arthaland continues its journey, it remains steadfast in delivering innovative and sustainable developments that enhance life at home, work, and within communities.
