Ortigas Land Corp. eyes to tap into the capital market to fund its growth within the next five years.
Jose Emmanuel Jalandoni, Ortigas Land president, said the company intends to double its business in terms of topline within the period as well, while growing its estates to six from the current four – Greenhills, Capitol Commons, the Ortigas central business district and Circulo Verde.
Jalandoni, however said the company has yet to firm up whether Ortigas Land will conduct an initial public offering or a real estate investment trust sale.
Jalandoni said the company is back to pre-pandemic levels.
“Market insights for investments also validate our prioritization of increased sustainability and community development, even before the pandemic, for our new projects,” Jalandoni added.
He said with investor confidence improving, Ortigas Land’s mixed-use project in the Ortigas CBD, The Galleon, is poised for take-up from revenge luxury property investments in the coming year given the project’s key features and the strong performance of other properties in Ortigas Land’s portfolio.
