Filinvest Land Inc. Formally Conveys Cyberzone Cebu Towers 3 and 4 to Cebu Province

Seated from left to right: Mr. Tristan Las Marias (Filinvest Land President and CEO), Mrs. Josephine Gotianun Yap (Filinvest Development Corporation Vice Chairperson), Hon. Pamela S. Baricuatro (Cebu Province Governor), Atty. Jose Felix Mari “Ace” H. Durano (Cebu Provincial Administrator) Standing from left to right: Mr. Michael A. Dumlao (Filinvest Malls First Vice President and Retail Business Head), Mr. Michael B. Mamalateo (Filinvest Cyberparks Business Development Head), Ms. Maricel Brion-Lirio (Filinvest REIT President and CEO and Filinvest Land Office Business Head), Ms. Cherie B. Fernandez (SharePro President), Ms. Thesbe C. Alonso (Filinvest Malls Vice President and Mall Head for VisMin), and Mr. Louie D. Carandang (Filinvest Land Regional General Manager for Visayas)

Filinvest Land, Inc. (FLI) officially handed over Filinvest Cyberzone Cebu (FCC) Towers 3 and 4 to the Provincial Government of Cebu during a ceremonial signing of the Deed of Conveyance. The turnover, held at the ground floor of the development marks the culmination of a Build-Transfer-Operate (BTO) agreement and underscores a shared vision to position Cebu as a leading hub for business and investment.

The ceremony was attended by Hon. Pamela S. Baricuatro, Governor of Cebu Province, alongside key Filinvest executives: Josephine Gotianun Yap, Vice Chairman of FLI; Tristan Las Marias, President and CEO of FLI; Maricel Brion-Lirio, President and CEO of Filinvest REIT Corp. (FILRT) and Head of FLI’s Offices Business Unit; Michael A. Dumlao, First Vice President and Head of FLI’s Retail Business Unit; and Cherie B. Fernandez, President of SharePro, Inc. 

Governor Baricuatro said, “On behalf of the Province of Cebu, I thank Filinvest Land for your continued investment in our province. Your partnership helps create jobs, strengthen our economy, and open more doors for our people.”  She further expressed the province’s commitment to “ensuring Cebu remains a place where business can thrive, and where every Cebuano can benefit from growth that is inclusive and sustainable.”  

For Filinvest Land, the handover affirms its mission of nation-building beyond residential communities. “Building the Filipino Dream goes beyond homes—it extends to creating environments where businesses thrive,” said Tristan Las Marias. “Filinvest Cyberzone Cebu provides world-class workspaces designed to empower industries and open doors for Cebuano talent.” 

Echoing this, Josephine Gotianun Yap underscored the importance of collaboration between the private and public sectors in shaping regional growth. She said the handover reflects how strong partnerships can deliver projects that attract global companies, create thousands of jobs, and reinforce Cebu’s standing as a key economic center. 

Driving Growth Through World-Class Office Spaces 

Strategically located at the intersection of Salinas Drive and W. Geonzon Street in Lahug, FCC Towers 3 and 4 are Grade A office developments tailored to the evolving requirements of global enterprises and IT-BPM firms. Rising 21 stories, the towers include two levels of retail space, a shared five-level podium parking with two basement levels, and 13 office floors designed for efficiency and scalability. 

Tower 3 provides 22,594 square meters of leasable space, while Tower 4 offers another 23,489 square meters of leasable space—ensuring scalability for diverse enterprise needs. 

Key specifications include: 

• Air-conditioning: Chilled Water-Cooling System with multi FCU's at common and tenant areas (BTU meter provided per office floor) 
• Elevators: Six (6) units inclusive of 1 elevator that serve as service/fireman’s lift with CCTV and dedicated monitoring located at BMS room for each tower with 1,600 kg capacity each; A total of 12 passenger elevators for Towers 3 and 4. 
• Telecommunications: High-density provision for four (4) Telco service providers 
• Power: N+1 redundancy set-up (3+1 redundant shared generators) 1,700 KVA each and a maximum of 150 VA/sqm for lighting, outlets, and small power requirements 
• Security: Turnstiles with key card access 

FLI will secure EDGE (Excellence in Design for Greater Efficiencies) certification for both towers as part of its green building initiatives. Additionally, FCC Towers 3 and 4 are PEZA-certified, ensuring advantages for IT-BPM locators seeking operational benefits. 

Generating Economic Opportunities for Cebu 

As of this writing, 61% of Tower 3 and 62% of Tower 4 are leased out, with strong tenant demand from leading multinational BPO companies. By year-end, both Tower 3 and Tower 4 are both projected to reach 100% occupancy rate with signed contracts, highlighting Cebu’s growing role as a hub for business process outsourcing and global services. 

Beyond delivering premium office spaces, FCC Towers 3 and 4 represent a major investment in the Province of Cebu and are poised to create wide-ranging employment opportunities. These jobs will not only benefit highly skilled workers but will also create over 20,500 opportunities, excluding indirect roles in maintenance and other support services such as logistics, food, and retail operations within the district. 

The presence of leading global companies and the anticipated entry of more multinational firms will enhance Cebu’s competitive edge as a business process outsourcing and shared services destination. With strong locators, these towers are positioned to become strategic hubs for business operations that drive inclusive growth and contribute significantly to the province’s revenue base. 

The development also brings positive spillover effects for the local economy—stimulating demand for housing, transportation, and lifestyle services in surrounding areas. By attracting sustained investments and creating an ecosystem that supports both business and community needs, FCC Towers 3 and 4 reaffirm Cebu’s reputation as a top choice for local and international companies looking to scale in the Philippines. 

Filinvest Shoppes Cebu: A Lifestyle Hub in the IT Park 

Complementing the business environment is Filinvest Shoppes Cebu, located at the ground levels of FCC Towers 3 and 4 and envisioned as an upcoming retail destination that will bring dining, wellness, and convenience together in one space. Anchored by a leading supermarket, the development introduces first-in-Cebu concepts, such as Cheung Hing Kee Shanghai Pan Fried Buns, alongside an elevated food hall featuring iconic Cebuano culinary brands. A modern gym adds a wellness component, making the Shoppes a well-rounded hub for professionals, residents, and visitors. 

Partnership Terms and Shared Value 

Under the Build Transfer Operate (BTO) agreement, the Province entrusted Filinvest Land with the exclusive right to develop the project on its 12,290 square meter property, while Filinvest Land financed  development, turned over ownership of the towers to the province upon completion, and is granted the exclusive right to manage, lease and operate them to ensure seamless service for locators. In return, the Province secures a steady income stream through a fixed rent on the land and a share in the project’s actual or projected revenues, whichever is higher. 

This collaborative model demonstrates how the private and public sectors can work hand in hand to deliver world-class infrastructure while creating sustainable economic benefits for the community. As Cebu continues to assert its position as a premier business destination, Filinvest Land remains a steadfast partner in shaping its future.