Filinvest to shut in-house construction arm Dreambuilders Pro by Dec 31

Filinvest Development Corp and Filinvest Land will cease operations of their joint construction company Dreambuilders Pro by 31 Dec 2026, shifting to third-party contractors. The group says the move supports expansion of residential townships and industrial parks, and will not have a material financ

FILINVEST Development Corp (FDC) and Filinvest Land Inc (FLI) will cease the operations of their jointly owned construction company, Dreambuilders Pro Inc (DPI), by 31 Dec as the group shifts to third-party contractors for its real estate projects.

In separate stock exchange disclosures on Tuesday, the companies said DPI's board of directors approved the cessation of operations on 10 Nov, effective at the close of business on 31 Dec. “The Filinvest Group will instead rely on third-party contractors in growing its real estate business,” the companies said.

“The closure of DPI will not have a material financial impact on FDC and FLI,” they added. The group said the shift to external contractors would support the expansion of its residential township developments in provincial centres and industrial park projects, particularly along the Luzon Economic Corridor. The expansion will require the group to engage a broader network of construction service providers nationwide, it said.

FDC owns a 55 per cent stake in DPI, while FLI holds the remaining 45 per cent. FDC's real estate business recorded a 76 per cent increase in net income to P2.6 billion in the first half of 2026 from a year earlier, while revenues and other income rose 13 per cent to P15.5 billion. The segment accounted for 30 per cent of the Filinvest Group's consolidated net income and 25 per cent of its consolidated revenues during the six-month period.

At the local bourse on Tuesday, FDC shares fell by 19 centavos, or 4.75 per cent, to P3.81 apiece, while FLI shares rose by two centavos, or 2.94 per cent, to 70 centavos each.