The awards
Filinvest REIT Corp. (FILRT), the Filinvest Group’s publicly listed real estate investment trust (REIT), recently bagged two major awards — the Office Development of the Year-Philippines Award and the REIT Initiative of the Year-Philippines Award — at the recently concluded Real Estate Asia Awards 2022.
“The prestigious awards program recognizes the remarkable achievements and initiatives of Asia Pacific’s leading real estate companies,” according to the award giving body. The two awards celebrate FILRT, which is nearing its first anniversary since going public, for championing sustainable office spaces as the future of responsible commercial real estate in the Philippines. The winning entries were deliberated by real estate industry experts, namely, Hong Beng Tay (Partner, Head of Real Estate Sector, KPMG Advisory LLP); James Allan (Regional Director and Country Head, JLL Indonesia); Stuart Porter (Private Equity, Financial Services & Real Assets Asia Real Estate Tax Leader, Partner, PwC Tax Japan); and Michael Velten (Southeast Asia Investment Management and Real Estate Sector Leader, Deloitte).
Sustainable, future-forward office spaces
FILRT is a leading lessor of commercial spaces in the Philippines whose portfolio consists of 17 Grade A office buildings. 16 of the 17 properties or 94% by valuation are located in Northgate Cyberzone which is one of the first PEZA-certified IT parks in the Philippines. Meanwhile, Northgate Cyberzone is situated in the heart of the award-winning Filinvest City, an integrated and master-planned township in Alabang in southern Metro Manila. Filinvest City is dubbed as a live-work-play-and-learn metropolis as the offices, retail centers, world-class hotels, affordable living alternatives such as The Crib dormitel, academic institutions, and hospitals are surrounded with lush greens, jogging and biking trails and wide, open spaces. The remaining asset of FILRT is located in Cebu, on the gateway of Cebu IT Park. The portfolio boasts of a high 91% tenancy from top multinational BPO firms, a testament to the trust of the industry in FILRT developments.
The impressive FILRT portfolio is the first sustainability-themed REIT in the Philippines, given its many green features. Filinvest City, where majority of the buildings are located, is the first CBD in the Philippines to receive LEED® v4 Gold for Neighborhood Development Plan certification for its township-wide green and sustainability features, as well as the first CBD to receive Berde certification. Two of its buildings in Northgate Cyberzone are LEED Gold-certified and majority of the buildings are attached to the largest district cooling system (DCS) plant in the Philippines, which substantially reduces energy consumption and greenhouse gas emissions by as much as 40% and saves about 11,500 tons of carbon dioxide per year. These features have enabled FILRT to be hailed as a Circle of Excellence Awardee for Sustainability Company of the Year during the 12th Asia CEO Awards in 2021.
The FILRT buildings are all strategically located and have access to a wide range of supporting amenities and infrastructure. The buildings within Filinvest City have excellent connectivity to the other major CBDs and neighboring regions, and proximity to one of South Metro Manila’s largest multi-modal transport hubs for the workforce. The newer buildings have integrated turnstile access control security, elevator destination control and face scanning visitor management systems which improve efficiency of moving people up and down the building. The buildings also have a 1400 KVA truck-mounted PEZA-approved mobile generator as emergency secondary backup power to the building generators. These are but some of the desirable features that boost FILRT’s attractiveness to its locators.
Experience the difference of FILRT workspaces
Interested lessees may contact FILRT by sending an email to [email protected] or visiting the FILRT website at www.filinvestreit.com.
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