Federal Land Inc., a wholly owned subsidiary of GT Capital Holdings, and its subsidiary Horizon Land Property Development Corp. have sold their entire 52 percent stake in Crown Central Properties Corp. to Crown Equities, Inc. for P73.475 million.
The sale consolidates Crown Equities’ full ownership of Crown Central, strengthening its control and streamlining operations under a single corporate entity. The transaction reflects a strategic move by Federal Land and Horizon Land to realign their property investments and focus on core business initiatives.
Federal Land said the divestment allows it to concentrate on growth areas within our portfolio while providing Crown Equities an opportunity to fully integrate CCPC into its business strategy.
Crown Equities now assumes complete management and operational oversight of Crown Central, positioning the company for future development projects and potential expansions. The acquisition aligns with Crown Equities’ goal to consolidate its holdings and optimize asset performance.
