Investor Presentaiton
Exchange of Pro-Friends Shares
Investment History
GT
PRO-FRIENDS
GT CAPITAL
GT Capital Holdings, Inc.
and
Property Compy of
gni f Substig
GT Capital invested Php16.0 billion for a 51.0% direct
equity stake in Pro-Friends
Tranche 1: August 2015, Php7.24B for 22.68%
•
Tranche 2: June 2016, Php8.76B for 28.3%
Investment rationale: attain foothold in horizontal,
affordable, low-cost housing sector
Redemption Rationale
•
GT GT CAPITAL
HOLDINGS INCORPORATED
The selected 702 hectares are best suited for
master-planned, mixed-use developments
Use for affordable homes no longer optimal
and best use of land bank
.
•
Land values no longer suitable for affordable housing
Spin-off inevitable
Partners to focus on areas of expertise
Right Timing
。 Key developments and ongoing infra projects
within the area are expected to translate to
higher land prices in the medium-term
。 IT-BPM labor workforce outside Metro Manila
projected to grow 10% annually
Cavite expected to have the second highest
office supply pipeline in the medium term
Capital Requirements:
•
Capex for commercial and retail significantly
higher vs. affordable housing
.
GT Capital to focus resources on mixed-use dev'ts
55View entire presentation