Arthaland ramps up expansion of sustainable project portfolio

MANILA, Philippines — Real estate developer Arthaland Corp. is ramping up expansion of its sustainable project portfolio after successfully raising over P2 billion from an oversubscribed preferred share offering.

Arthaland, a Po family-led developer known for premium residential and commercial properties,listed its series G and H preferred shares on the Philippine Stock Exchange.

PSE president and CEO Ramon Monzon said the follow-on offering was 1.43 times oversubscribed and raised P2.15 billion for the company.

“That this follow-on offering was so well-received by investors amid continuing market volatility is no small feat. It’s a clear affirmation of the market’s confidence in Arthaland’s vision, its disciplined execution and its leadership in sustainable real estate development,” Monzon said.

Monzon said Arthaland has now completed five follow-on offerings, raising a cumulative P10.63 billion in capital, since its maiden preferred shares offering in December 2016.

“This is the fifth time Arthaland has come to the market with listed preferred shares. Each time, investors are placing their trust in us and that is not something we take for granted,” Arthaland director Christopher Po said.

“Today’s listing of series G and H preferred shares tells us that the trust is still there. It’s a trust in a simple idea that high-quality, simple developments create a wealth of life at home, at work, in the community and for the country,” he said.

Po said access to the equity and debt capital markets has been central to Arthaland’s growth over the years.

“Since our maiden public offering, our portfolio of sustainable projects has grown almost fivefold to over 450,000 square meters of gross floor area. Our plan is to roughly double that, nearly to one million square meters over the next decade,” Po said.

“We are still learning as we go, but we hope that along the way, we can help show that building green also makes good business sense,” he said.

Po said Arthaland’s next chapter has already begun, with projects in the pipeline like Sondris, Liv and Una Apartments.

The company kicked off construction last April of a mixed-use two-tower residential development along Katipunan Avenue in Quezon City called Liv, a project expected to generate sales of P14.1 billion.

Last March, Arthaland, in partnership with Mitsui Fudosan (Asia) Pte. Ltd.,also launched Sondris, a premium green residential development rising along Arnaiz Avenue in Makati. The 37-story tower features 252 units designed to maximize natural light and ventilation.

Una Apartments, meanwhile, is part of the Sevina Park, an 8.1-hectare integrated, master-planned community in Biñan, Laguna.

Beyond these projects, Po said Arthaland has also completed the masterplan for a five-hectare estate in Cebu City that will be developed in phases and will anchor the company’s pipeline for the years to come.

“Proceeds of this offer will help fund that growth. But we know growth on its own is not the point and that our investors will judge us on how well we deliver our mission,” Po said.

“Our mission has not changed: to create developments that are innovative, sustainable and built to last,” he said.