This collaborative article with Ms. Sheila Viesca, Ph.D., of TalkShop, is a comprehensive series exploring the leading developers in the real estate industry. It focuses on the achievements and innovations of these developers, shedding light on their contributions to the real estate industry in the Philippines. Welcome to Part 5 of this comprehensive feature.
| Part 3 – DMCI Holdings, Inc. | Part 4 – Federal Land, Inc. |
The Movers and Shakers in the World of Real Estate in the Philippines: Part 5
Filinvest Development Corporation
Making a significant impact on the Philippine property market, Filinvest Development Corporation, through its subsidiary, Filinvest Land Inc (FLI), has transformed over 3,000 hectares of land into homes for more than 160,000 families. Filinvest Land is currently working on over 250 projects in areas across the country with landmark developments, including PBCom Tower, Northgate Cyberzone, and Festival Mall.
Filinvest Alabang Inc. (FAI), another subsidiary established by FDC, manages Filinvest City – a central business district with diverse retail, office, and residential developments. Additionally, FDC established Filinvest Hospitality Corporation (FHC) to specialize in hotel development and partnered with Aston International to oversee property management through Chroma Hospitality Inc (CHI). Needless to say, FDC has made its mark in the Philippine real estate industry.
Notable projects and developments:
Filinvest Land, Inc.,
Filinvest is a prominent residential property developer in the country, offering an extensive range of homes, including mid-rise and high-rise condos. Their expertise lies in presenting innovative concepts such as entrepreneurial communities, resort-style condos, and studio series that cater to the dynamic lifestyle choices of modern Filipinos.
a. The Levels
A stunning condominium in Filinvest Alabang – The Levels – boasts unique architectural designs and is surrounded by lush greenery. Residents can immerse themselves in a serene environment while enjoying breathtaking views of the gardens. For those looking for leisure activities, plenty of amenities such as a swimming pool, kiddie pool, fitness center, function hall, and more are available. Conveniently located at Pacific Rim Cor. Commerce Avenue in Alabang Muntinlupa City, access to The Levels is hassle-free via the South Luzon Expressway and other internal roads within Filinvest City.
b. 100 West
Completed in 2019, the 130-meter high-rise, 100 West in Bel Air Village, Makati, offers stunning cityscape views from its glass windows and balconies. With 35 floors and numerous amenities, including 24-hour security, elevators, function rooms, pools, a playground, and more, it provides convenience with parking. Near the financial and commercial districts of Makati City, 100 West grants easy access to restaurants, malls, and commercial establishments.
c. Filinvest Cyberzone Bay City
The Filinvest Cyberzone Bay City, a modern high-rise building along Diosdado Macapagal Blvd. in Pasay City, offers nine (9) floors of customizable office spaces. With an ample average plate size of 1,800 square meters, businesses can tailor their properties to their liking. Round-the-clock security services and easy commuting options make it an ideal location in the bustling Macapagal Bay.
Filinvest Alabang, Inc.
a. Filinvest City
Covering a vast 244-hectare area near the residential district of Alabang in Muntinlupa, Filinvest City has transformed into a bustling hub, featuring various retail, office, and residential developments like houses and condominium towers. It also houses renowned companies such as Insular Life and Asian Hospital, along with the Northgate Cyberzone BPO hub. Moreover, its proximity to the South Expressway and the second busiest transport terminal in Metro Manila makes it a convenient location for residents and businesses alike. The recent addition of the Skyway elevated road extension to Alabang further elevates FC’s worth as the ultimate hotspot for offices and residential living in the South.
b. Northgate Cyberzone
Filinvest REIT has developed a cyberzone in the commercial district of Muntinlupa City called Northgate Cyberzone. This 18.7-hectare business district is a prime location for companies in Metro Manila. With over 200 businesses and more than 30,000 employees from various industries, notable companies have set up shop here. Northgate Cyberzone ensures the safety of its occupants with 24/7 security and fire protection systems. It also offers modern amenities and facilities, making it a top choice for businesses. Its proximity to the Philippine National Railway station and surrounding shopping centers and restaurants adds to its accessibility and leisure options for employees and visitors.
Awards and recognitions:
a. Real Estate Asia Awards 2022
Filinvest Land, the REIT arm of Filinvest Development Corporation, has recently added two prestigious awards to its list of achievements, winning the Office Development of the Year-Philippines Award and the REIT Initiative of the Year-Philippines Award at the Real Estate Asia Awards 2022. These recognitions are a testament to the company’s outstanding performance and contribution to the Philippine real estate industry. As a leading REIT player in the country, Filinvest Land remains committed to delivering exceptional developments and initiatives that meet the evolving needs of its clients and the market.
b. Circle of Excellence Finalist 2021
Filinvest REIT Corp. was honored at the 2021 Asia CEO Awards for its exceptional sustainability initiatives. As a “Circle of Excellence” finalist, they were nominated for “Best Sustainability Company of the Year,” highlighting their commitment to environmental responsibility and social impact. Despite tough competition, their ongoing efforts to implement sustainable practices set them apart. This prestigious recognition after 12 years underscores their tremendous achievement.
c. BCI Asia Awards’ Top Developer 2020-2021
Filinvest Land, Inc. has been recognized as one of the top 10 developers in the Philippines for 2020 and 2021 at the prestigious BCI Asia Awards. The company offers a diverse portfolio of residential communities, offices, malls, and more. This is the 10th time the company has received such an award, a remarkable achievement.
Challenges and innovations:
a. Sustainable Development
Filinvest New Clark City (FNCC)
Filinvest is currently spearheading the development of the Filinvest New Clark City project in Tarlac. This ambitious project aims to build a techno-smart, green, and sustainable metropolis that is highly accessible outside of Metro Manila. The initial 60 hectares of the Filinvest Innovation Park are set to be completed soon, paving the way for the successful implementation of the FNCC project and bringing a renewed sense of innovation to the region.
b. Expansion Projects
Filinvest Innovation Park-Ciudad de Calamba
An expansion of Filinvest Land, Inc.’s 50-hectare Filinvest Technology Park, a PEZA ecozone established in 2002 at Ciudad de Calamba, Filinvest Innovation Park-Ciudad de Calamba in Calamba City, province of Laguna is an additional 25-hectare project signaling their commitment to bolster their industrial presence and firm up their foothold in the booming Southern Tagalog region.
With a storied history and unwavering dedication to sustainable development, Filinvest Land, Inc. (FLI) has played a pivotal role in propelling the real estate sector forward in the Philippines. Through its outstanding projects and commitment to fostering vibrant communities, FLI has significantly contributed to the growth and progress of the industry. Through the integration of sustainable practices into its development and expansion initiatives, FLI continues to shape the country’s real estate landscape.
| Part 6 – Megaworld Corporation | Part 7 – Robinsons Land Corporation |
