FLI shuts down Filinvest Lifemalls Mimosa

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December 23, 2025 | 12:00am

MANILA, Philippines — Filinvest Land Inc. (FLI), the property arm of the Gotianun family, is shutting down its wholly owned subsidiary, Filinvest Lifemalls Mimosa Inc. (FLMI), in line with efforts to enhance operational efficiency.

FLMI has filed with the Securities and Exchange Commission an application for the amendment of its articles of incorporation to shorten its corporate term.

FLI said the step ensures all corporate entities within the group remain aligned with the group’s long-term strategic and operational priorities.

Furthermore, it said that the closure is a rational organizational step for the group, as FLMI contains no assets, operates no business and has no registered employees.

“As we continue to strengthen our organizational structure, it is important that every entity within the Filinvest Land group contributes to our growth objectives. Since FLMI has no assets, operations, or employees, its closure allows us to focus on subsidiaries that are actively driving value and development,” FLI president and CEO Tristan Las Marias said.

“This administrative step ensures our resources and structures remain strategically aligned with our long term growth priorities,” he said.

FLI said that FLMI’s closure will not impact any ongoing developments, particularly within the Filinvest Mimosa+ estate.

It also assured the public that the Mimosa Lifestyle Mall, also known as Filinvest Mall Mimosa, remains fully underway despite the closure.

The mall, currently under construction and slated to open next year, will be operated by FLI through its subsidiary, Filinvest Clark Mimosa Inc.

Filinvest Mall Mimosa will feature a curated selection of food and dining outlets, retail shops and lifestyle and wellness establishments.

As a modern retail hub, it has been designed to enhance commercial and retail support for the Filinvest Mimosa+ estate and uplift the broader community experience within Clark.

“Our commitment to delivering the Mimosa Lifestyle Mall is unwavering. This development is progressing as planned, and once completed, it will serve as a dynamic commercial anchor for the Filinvest Mimosa+ estate. We are excited to bring a modern, thoughtfully curated lifestyle environment that will elevate the overall experience in Clark,” Las Marias said.

FLI is one of the country’s leading full-range property developers. It has built a diverse project portfolio that includes its core best-value homes, townships, mixed-use developments, mid-rise and high-rise condominiums, office buildings, shopping centers and leisure developments.