MANILA, Philippines — GT Capital Holdings, Incorporated, the listed holding company of business tycoon George Ty, is acquiring 22.68% stake in mass housing developer Property Company of Friends, Incorporated (Pro-Friends) for P7.24 billion ($157.92 million).

GT Capital told the Philippine Stock Exchange (PSE) that the agreement also provides the company an option to increase its direct shareholdings in Pro-Friends to 51% within the next 3 years.

Its acquisition of a significant stake in Pro-Friends came despite the company’s difficulty in securing approval from the PSE to proceed with its P7.7 billion ($167.96 million) initial public offering (IPO).

Pro-Friends is a unit of Profriend Group, Incorporated, which in 2014 filed an application to conduct an IPO.

Pro-Friends, however, recently pulled out its IPO application.

Meanwhile, the acquisition marks the conglomerate’s venture into mass housing development and is expected to complement its real estate develop unit Federal Land, Incorporated.

"We view this acquisition as a mutually beneficial partnership for both parties. Profriends has the product expertise and the strategic land bank, while GT Capital has the financial resources and access to capital,” GT Capital Chairman Francisco Sebastian said.

"Our partnership adds a new dimension to GT Capital’s property development portfolio and will enable our group to be one of the market leaders in the low-cost housing sector,” he added.

For his part, Profriends Chairman Guillermo Choa welcomed the company’s partnership with GT Capital.

“The low-cost housing segment is the real sweet spot in the country’s property sector, with a supply shortage of over three million homes, which continues to grow annually,” Choa said.

“Our partnership with GT Capital will strengthen our ability to be a leading player in serving this urgent market need. Moreover, the potential synergies of working with other component companies in the GT Capital group will enable us to offer our live, work, learn, play, and worship estates to many more middle income Filipino families,” he added.

Federal Land President Alfred Ty said the acquisition will expand the group’s presence in the property market.

“The GT Capital group will now offer Federal Land’s upper- mid to high-end vertical projects and Profriends' low-cost horizontal and mixed-use townships in key areas near Metro Manila. Our strategic tie-up will thus be a fusion of all property sub-segments,” Ty said.

Last December, Pro-Friends reported an audited net income after tax of P3.61 billion ($78.74 million).
Source: Rappler.com

House  Model : Sophie
Property Type: Single Attached (2-Storey)
Village Name : Somerset Village
Village Location : Imus- Gen Trias Boundary, Cavite
Bedroom : 3
Bathroom: 2
Garage : 1
Lot Area : 52 sqm.
Floor Area : 81 sqm.
SAMPLE COMPUTATION: HERE
Contact Info. : +63932-860-8685
Website: http://filprimehomes.com


 
HOUSE FEATURES AND FINISHES  OF SOPHIE - LANCASTER PROPERTIES FOR SALE IN LANCASTER NEW
CITY IMUS, CAVITE

Floor Area: 52 sqm
Lot Area: 80 sqm
3 Bedrooms
2 Toilet & Bath
1 car Garage
Extension of kitchen / Laundry area
With 7m Linear Park at the back of your Home
Family Enclave for Newly Opened Units
Tiled Toilet & Bath
Pre-painted long span roofing
Tiled Kitchen Counter with stainless kitchen sink
Interior and exterior wall paint finish
Ceramic bathroom fixtures
Steel casement windows
Plain cement floor finish
Electrical fittings like outlets, sockets, circuit breaker in all parts of
the house
Provision for CATV, Telephone, Air Condition Outlet

AMENITIES AND ESTABLISHMENTS near SOPHIE - LANCASTER PROPERTIES FOR SALE IN LANCASTER NEW
CITY,  IMUS

Lancaster Square (Commercial Building - Opened June 22, 2013)
St. Edward Intergrated School (under consultancy with the Lasallian Schools
Supervision Office [LSSO])
Church of the Holy Family
Swimming Pool
Suntech iPark (The First IT Park in Cavite - Soon to rise)
Family Enclaves & Family Courtyard
Transport service (for a minimal fee only)
Bus Terminal (with scheduled tripping)
Business Hotel
BPO Buildings - now accepting job application
Shuttle/Bus Stop
Bayad Center
Drive Thru Fast Food
Bus Terminal
Passengers Loading Station
Clubhouse (Leighton Hall and Event Center)
Basketball Court
Mixed-Use Commercial/Office Development
Petron Gasoline Station
Flood free Location
Safe from Earquake Fault Line

Call:
Jose Glenn M. Asuque
REBL No. 0020499
Cell Nos:
Sun   +63932-860-8685
Viber +63932-860-8685
Smart +63919-948-6003
Globe +63905-206-3608
Landline: Pldt (042) 418-4873
Email Address: filprimehomes@yahoo.com
Please add us in your:
YM :filprimehomes
Skype :filprimehomes.Ph
Listings: http://members.olx.ph/Filprimehomes
Website:
http://www.youtube.com/channel/UCHwfP7wLpWY_Aaz_n5QvjKA
http://plus.google.com/u/0/+JoseGlennAsuque
http://www.facebook.com/filprimehome
http://about.me/asuque_joseglenn
http://ph.linkedin.com/pub/jose-glenn-asuque/2b/205/217
http://www.hi5.com/joseglenn
http://www.bahayatbuhaypinoy.blogspot.com
http://www.megamanilahouses.blogspot.com
http://www.quickhomeownershiptips.blogspot.com
http://www.realestatebrokerscorner.blogspot.com
http://www.condominimiumsforsale.blogspot.com
http://www.filprimehomes.blogspot.com
http://www.houseandlothomesforsale.blogspot.com
http://www.houseforrentforsale.blogspot.com
http://www.housesatlancasterestates.blogspot.com
http://www.mlslistingsrealproperty.blogspot.com

rent to own house in cavite no down payment,affordable rent to own house and lot in cavite,rent to own house in cavite single detached,rent to own house in bacoor cavite,
rent to own house in dasma cavite,rent to own house and lot,rent to own house and lot in cavite,looking for rent own,rent to own furniture,rent to own real estate
rent to own cars,how does rent to own work,rent to own contract,rent to own condo,rent to own appliances,rent to own house listings,rent to own house in fairview,rent to own house and lot,rent to own townhouse,rent to own house in sta rosa laguna,rent to own house in rizal,rent to own house in quezon city,rent to own house in manila,
aarons rent to own OFW

In a statement, the property developer said it secured Philippine Economic Zone Authority (PEZA) accreditation for the Suntech iPark in Imus, Cavite. The IT park is located in a 25-hectare commercial and business district called Downtown Lancaster at the Lancaster New City, one of Pro-Friends’ township projects. “Being a part of PEZA, Suntech iPark is now among the highest ranks of IT Park developers not only in the Philippines, but more so in a global scale,” PEZA Director-General Lilia B. de Lima said.

 PROFRIENDS HOUSE AND LOT
MANILA – The Property Company of Friends Inc (Pro-Friends) has bagged tax perks for its pioneer campus-type information technology park. PROFRIENDS HOUSE AND LOT 

 Among the fiscal incentives that locators can enjoy when they invest in Suntech iPark  are 100 percent exemption from corporate income tax; 5 percent special tax on gross income and exemption from all national and local taxes, upon expiry of income tax holiday;  tax and duty free importation of equipment and parts; exemption from dues on import shipments of equipment; value-added tax (VAT) zero-rating of local purchases of goods and services, extending to land-based telecommunications, electrical power, water bills and building lease; and exemption from expanded withholding tax. Pro-Friends envisions Suntech iPark as a location for business process outsourcing (BPO) and similar companies, allowing residents of Lancaster New City to work near their homes. “These area you see will be developed and be a source of living for the residents,” said Pro-Friends president Jocelyn Guzman.

PROJECT CONCEPT Camella Lessandra General Trias Cavite is a 5-hectare development offering you an Asian modern style themed homes Sabrina, Sofia,Tanya and Reana that are traditional yet contemporary, energized yet relaxing model homes.
THE PROJECT: Affordable House and Lot for Sale in Cavite near Manggahan House Model : Reana Lot Orientation: End Lot Property Type : Townhouse (2 storey) Village Name :  Camella Lessandra Gen. Trias Village Location : Brgay. San Francisco, Gen. Trias, Cavite Bedroom : 2 Bathroom : 1 Lot Area :  54 ssqm Floor Area : 40 sqm Construction Status: Preselling/Rfo Financing Option: Bank/Pag ibig AMENITIES & FEATURES 1. OPEN SPACE Clubhouse Parks & Playground Basketball Court house and lot, house for sale, homes for sale, cavitehomes, lancaster homes for sale, houses, house and lot in cavite, homes in philippines, real estate, house and lot affordable house and lot, house for sale, homes for sale, cavitehomes, lancaster homes for sale, houses, house and lot in cavite, homes in philippines, real estate, house and lot affordable 2. SECURITY Fully-fenced Well designed entrance gate 24-hrs security PROJECT CONCEPT Camella Lessandra General Trias Cavite is a 5-hectare development offering you an Asian modern style themed homes Sabrina, Sofia,Tanya and Reana that are traditional yet contemporary, energized yet relaxing model homes. THE PROJECT: Affordable House and Lot for Sale in Cavite near Manggahan House Model : ReanaLot Orientation: End Lot Property Type : Townhouse (2 storey) Village Name : Camella Lessandra Gen. Trias Village Location : Brgay. San Francisco, Gen. Trias, Cavite Bedroom : 2 Bathroom : 1 Lot Area : 54 ssqm Floor Area : 40 sqm Construction Status: Preselling/Rfo Financing Option: Bank/Pag ibig AMENITIES & FEATURES 1. OPEN SPACE Clubhouse Parks & Playground Basketball Court house and lot, house for sale, homes for sale, cavitehomes, lancaster homes for sale, houses, house and lot in cavite, homes in philippines, real estate, house and lot affordable house and lot, house for sale, homes for sale, cavitehomes, lancaster homes for sale, houses, house and lot in cavite, homes in philippines, real estate, house and lot affordable 2. SECURITY Fully-fenced Well designed entrance gate 24-hrs security 3. DRAINAGE, WATER, & ELECTRICAL FACILITIES Underground drainage system Meralco-supplied Electricy Individual septic tanks, water, & electric meter 4. PROPERTY MANAGEMENT A Professional Project Management Team will be employed to maintain the project and handle the affairs of the Homeowners Associations NEARBY SCHOOLS (ALL LEVELS) Angelicum, Infant Jesus Montessori, San Francisco Elem. School, Nineveh Academy, Blessed Maria Christina,Elizabeth Seton, La Salle Dasma, Lyceum Gen. Trias, Santiago National High School, Ama Langkaan, Cavite State University, St. Francis Academy MALLS Robinson’s Pala-pala, SM Dasmarinas, Walter Mart Manggahan, The District, SM Rosario, Puregold Jr.Manggahan, Robinson’s Supermarket Manggahan MARKETS Sunny Brooke Wet Market, GenStar Publick Market FASTFOOD & RESTAURANTS Korean Restaurants, Shakeys, Boondat, Chicboy, Jollibee, McDonalds, KFC, Chowking, Kingbee, Mang Inasal CHURCHES Pasong Camachile Church, Gen. Trias Catholic Church, Langkaan Catholic Church, Iglesia Ni Cristo-PasCam, Manggahan Catholic Church HOSPITALS St. James Hospital-Trece, La Salle Medical Center-Dasma, Divine Grace Medical Center-Bacao, Gen. Trias Medical Center & Hospital OTHER CONVENIENCES BDO, METROBANK, BPI, RCBC, PSBank, LBC, Western Union, Finds Convenience Store, 7- Eleven, Ministop, MLhuillier, Mercury Drug, Generic Drugstores Soon to Open Dasmarinas along Aguinaldo Highway Exit ONLY 15 Minutes to CAVITEX Near Industrial Parks e.g: Gateway, FCIE, EPZA ONLY 10 Minutes to Tagaytay via Amadeo TRANSPORTATION HUB Jeepney, Tricycle, Van, Bus, Shuttle Call: Filprimehomes Cell Nos: Sun/Viber/Chikka +63932-860-8685 Smart +63919-948-6003 Globe/Viber+63927-386-6521 Email Address: filprimehomes@yahoo.com Please add us in your: YM :filprimehomes Skype :filprimehomes.Ph Websites: http://www.youtube.com/user/Filprimehomes http://members.olx.ph/Filprimehomes http://www.filprimehomes.com http://www.facebook.com/filprimehomes http://twitter.com/filprimehomes http://filprimehomes.wordpress.com/ http://www.dailymotion.com/filprimehomes http://filprimehomes.page.tl/ http://m.filprimehomes.wix.com/filprimehomes http://www.stumbleupon.com/stumbler/Filprimehomes http://filprimehomes.tumblr.com/ http://www.flickr.com/photos/filprimehomes http://ph.linkedin.com/pub/filprimehomes-ph/67/208/b16 http://www.pinterest.com/filprimehomes/ http://www.pinoyprofessionals.com/u/Filprimehomes http://filprimehomes.weebly.com/ http://feeds.feedburner.com/http/feedsfeedburnercom/filprimehomes