GT Capital Holdings Inc. (GTCAP) on Monday reported key changes in the leadership in property arm Federal Land Inc., with the appointment of Jose Mari Banzon as new president effective Jan. 1, 2025.
GTCAP said in a disclosure to the stock exchange Federal Land’s current president William Thomas Mirasol was appointed as vice chairman of the company, concurrent to his role as president of Federal land NRE Global (FNG), a joint venture between Federal Land and Japan’s Nomura Real Estate Development Co Ltd.
The company said the change in the leadership in Federal Land comes as the property firm enters 2025 with renewed optimism for sustained growth.
Banzon served as executive vice president and general manager of Federal Land from January 2006 to 2013.
He joined SM Prime Holdings Inc. in 2013 and was appointed president of property arm SM Development Corp. (SMDC) in February 2020. During his stint with SMDC, Banzon was responsible for expanding the property firm’s portfolio into new formats and markets. He rejoined Federal Land in 2024.
Mirasol played a significant role in Federal Land since joining the company in 2019. With over 31 years of real estate management experience, Mirasol has driven Federal Land to unprecedented success and solidified its position as a multi award-winning property company. Jenniffer B. Austria
GTCAP said Mirasol would continue to oversee Federal Land’s strategic international partnerships and joint ventures with leading global brands and corporations.
“GTCAP is looking forward to working closely with both Mr. Mirasol and Mr. Banzon. In their new leadership roles, they will define the next stage of growth for both Federal Land and FNG, and usher in a new generation of property development products and services that align with GT Capital’s mission of value creation to meet the evolving needs of its stakeholders,” the conglomerate said.
