(Source: Inside Retail Philippines | 10 May 2017)
The Philippines’ Federal Land, the real-estate arm of GT Capital Holdings, has signed a contract with Japan’s Nomura Real Estate Group and Isetan Mitsukoshi Holdings to develop a retail mall and apartment complex in Taguig.
Details of the development provide further elaboration of Mitsukoshi’s plan for the Philippines, revealed by Inside Retail Philippines last week.
Sunshine Fort will include four high-rise condominiums with retail outlets on the lower floors of each building. The malls will be under Isetan Mitsukoshi Holdings, making it the first Japanese department store to enter the country.
The company has Isetan malls in China, France, Malaysia and Thailand.