20 JUNE 2016
Filinvest envisions renaissance for Clark-Mimosa Estate
The former Mimosa Leisure Estate is primed for a renaissance as Filinvest lays out its plans for a dynamic, mixed-use development on the sprawling 201.64-hectare property. As the winning bidder in the privatization of the estate, Filinvest recently signed the lease agreement with Clark Development Corporation to develop, manage and operate the estate for a term of 50 years, renewable for another 25 years.
“We are excited to implement our plans for the Mimosa estate. We envision this to be an urban renewal – the rise of a highly livable city that will offer countless opportunities for generations to come,” said Josephine Gotianun-Yap, president of Filinvest Mimosa, Inc., the new company formed by the consortium of Filinvest Development Corporation (FDC) and Filinvest Land, Inc. (FLI).
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