FILINVEST REIT Corp. (FILRT), approved to purchase 2.9 hectares of land owned by Filinvest Development Corp. (FDC) on Boracay Island through a deed of sale for P1.05 billion.
The land is being leased by Boracay Seascapes Inc. (BSI), the building owner of Crimson Resort & Spa Boracay and a subsidiary of FDC.
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