Ortigas Land keen on IPO to support expansion plans - BusinessMirror

Property developer Ortigas Land said it is planning to tap the capital markets to fund its expansion.

“I want to prepare the company for an IPO so we need to be seen,” Jalandoni told reporters in an interview. By then, he said the company will be in “a stronger position” to attract a big number of potential investors.As a sign of confidence in the property market, Ortigas Land said it plans to develop a sixth estate. The five Ortigas Land estates are Capital Commons, Ortigas East, Greenhills Center, Circulo Verde and Ortigas Center.

Overall, he said all of their business segments are recording growth. “Next year, we will be opening our mall in Greenhills and office buildings which are composed of almost 30 to 40 percent of the expansion of Greenhills.”

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