In 2018, JHI entered into a joint venture partnership with Ovialand, Inc. (“Ovialand”) for the second-phase of its key project in San Pablo City, Sannera. In line with its mission to add value to its partners, JHI’s planning alongside Ovialand of the second-phase underwent a series of revisions and reworks that brought the project margin to 40%, in line with leading developers in the sector.
By 2020, JHI purchased an equity stake of 13%, with an option to increase to 20%, in Ovialand. This was not only because of Ovialand’s successful implementation of Sannera Phase 2, but also due to the similar mindset of the executives, Pammy and Bryan, with JHI’s principal, JJ Atencio.
By 2021, Ovialand secured an underwriting agreement with Chinabank Capital for an Initial Public Offering in the PSE. Further, Ovialand expanded increased its line-up of projects through the continued financing assistance of JHI as well as Ovialand’s other partner investors.
Today, Ovialand continues to execute on its vision to produce 8,000 to 10,000 units by 2030 across the three major islands of Luzon, Visayas and Mindanao as well as become part of the Top 10 Developers in Pag-ibig.
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