MANDALA EAST

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                    [ArticleID] => 361113
                    [Title] => Filinvest Land, Israeli firm close P2.5-B deal on Timberland Heights
                    [Summary] => Filinvest Land Inc. (FLI) has closed a P2.48-billion deal with Africa Israel Investments (Phils.) Inc. (AIIPI) to jointly develop the remaining phases of the 613-hectare Timberland Heights masterplanned township in San Mateo, Rizal.


In a disclosure to the Philippine Stock Exchange, FLI said the execution of the joint venture agreement was authorized by its board of directors and disclosed to the corporation’s stakeholders on Sept. 13, 2006.


Under the transaction, AIIPI will be a 40 percent partner in the development.


                    [DatePublished] => 2006-10-03 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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abtest

Filinvest Land, Israeli firm close P2.5-B deal on Timberland Heights

By Zinnia B. Dela Peña | October 3, 2006 - 12:00am

Filinvest Land Inc. (FLI) has closed a P2.48-billion deal with Africa Israel Investments (Phils.) Inc. (AIIPI) to jointly develop the remaining phases of the 613-hectare Timberland Heights masterplanned township...

Business