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Filinvest REIT Corp. and Genpact Sign Sixth Expansion in Northgate Cyberzone

5/20/2024

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Filinvest REIT Corp. and Genpact Sign Sixth Expansion in Northgate Cyberzone
Filinvest REIT Corp. (FILRT) announced it has signed an agreement with GENPACT SERVICES LLC (PHILIPPINE BRANCH) (Genpact), a global professional services and solutions firm delivering outcomes that shape the future, for Genpact’s expansion in Northgate into the iHub 1 Building. This is the sixth expansion for Genpact and marks another milestone in their long-standing relationship, exemplifying FILRT's commitment to providing premier office spaces tailored to meet the dynamic needs of its tenants.
Situated in Filinvest City, Alabang's Northgate Cyberzone, iHub 1 is one of the valuable properties in FILRT's portfolio of 17 Grade A sustainable office buildings. Northgate Cyberzone is a productivity center in southern Metro Manila, acknowledged by the Philippine Economic Zone Authority (PEZA) as an IT-BPO campus-style hub.

“It reinforces our belief that sustainability is a collective journey, and as enablers, we support our tenants to realize their own sustainability aspirations. By aligning with our tenants' values, we aim to enhance their satisfaction and potentially increase our occupancy”, cited by FILRT’s President and CEO, Maricel Brion- Lirio.

With existing office spaces in Plaza A, Vector Two, and 5132 Buildings with more than 24,400 sqm gross leasable area as of to date, all situated within Northgate Cyberzone.

Notably, both Plaza A and Vector Two, where Genpact currently operates, are EDGE-certified buildings and all the above-mentioned buildings where Genpact is located are supplied with 100% renewable energy (RE), reflecting FILRT's unwavering commitment to sustainability and environmental stewardship. This certification underscores FILRT's dedication to providing stateof-the-art infrastructure that meets the highest global standards of sustainability.

Filinvest REIT Corp. (FILRT) is the country’s first sustainability-themed real estate investment trust (REIT) backed by Filinvest Land Inc. (FLI), one of the largest property developers in the Philippines with an established portfolio of residential, commercial, industrial, and office developments across the archipelago.

Its commercial portfolio consists of 17 Grade A office buildings that provide world-class, eco-friendly workspaces for local and global businesses. Recognized by Jones Lang Lasalle (JLL) for its green and sustainability-themed features, FILRT’s office buildings portfolio is designed to meet the evolving needs of today's businesses while reducing environmental impact. Totaling over 300,000 square meters of gross leasable area (GLA), 16 of the buildings are in Northgate Cyberzone – an IT BPO campus-style hub accredited by the Philippine Economic Zone Authority (PEZA) in Filinvest City, Alabang. Filinvest City is a 244-hectare mixed-use and integrated city that is the first and only central business district (CBD) in the Philippines to receive LEED® v4 Gold for Neighborhood Development Plan certification as well as a three-star BERDE certification. Two of the FILRT properties in Filinvest City, namely Axis Tower One and Vector Three, are among the country’s few LEED Gold certified developments. Another building is Filinvest Cyberzone Cebu Tower 1 located in the gateway of Cebu IT Park in Lahug, Cebu City. Rounding up the portfolio is 2.9 hectares of land that is being leased to the owner and operator of the multi-awarded Crimson Resort & Spa Boracay.
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