Filinvest Land, Inc. (FLI) is streamlining its corporate structure with the closure of its wholly owned subsidiary, Filinvest Lifemalls Mimosa Inc. (FLMI), a move the company says sharpens operational focus without disrupting ongoing developments.
FLI clarifited that Filinvest Lifemalls holds no assets, has no business operations, and employs no staff. Its closure is a housekeeping exercise rather than a strategic retreat. The subsidiary has filed an application with the Securities and Exchange Commission to shorten its corporate term, a procedural step that will formally wind down the entity.
“As we continue to strengthen our organizational structure, it is important that every entity within the Filinvest Land group contributes to our growth objectives,” said Tristan Las Marias, president and chief executive officer of Filinvest Land. “Since FLMI has no assets, operations, or employees, its closure allows us to focus on subsidiaries that are actively driving value and development.”
FLI emphasized that the move will have no impact on any ongoing or planned projects within the Filinvest Mimosa+ estate in Clark. In particular, the Mimosa Lifestyle Mall, also known as Filinvest Mall Mimosa, remains fully on track.
The mall is owned, developed, and will be operated by FLI through another subsidiary, Filinvest Clark Mimosa Inc. Construction is underway, with an opening targeted for 2026. Once completed, the mall is expected to serve as a key commercial anchor for the mixed-use estate.
“This administrative step ensures our resources and structures remain strategically aligned with our long-term growth priorities,” Las Marias said, adding that the group’s commitment to the Mimosa development remains firm.
Filinvest Mall Mimosa is designed as a modern lifestyle destination, featuring a curated mix of dining, retail, wellness, and leisure concepts. The development aims to strengthen commercial support for the Filinvest Mimosa+ estate while enhancing the broader community experience in Clark.
For Filinvest Land, the message is clear: trim what no longer serves a purpose, and double down on projects that drive growth.
