Filinvest REIT Corp. Strengthens its Tenant Partnership with Building Engineering and Design Co.

​Filinvest REIT Corp. (FILRT) continues to be the preferred office location South of the capital as it entered a lease expansion contract with New Zealand-based Building Engineering and Design Co. (BEDC) in the first week of July 2024. BEDC is a leading engineering and architectural solutions firm based in Auckland, NZ that is actively expanding its global presence and commitment to delivering excellence in engineering and design services.

"We are excited to deepen our partnership with BEDC," said Ms. Maricel Brion-Lirio, President and CEO of FILRT. "Their commitment to innovation and excellence aligns perfectly with our goal to deliver world-class office spaces that exceed the expectations of our tenants. Together, we are poised to grow even more."

BEDC first located in the Philippines in March 2023, choosing FILRT as its sole space provider for its headquarters in the country. BEDC currently occupies an entire floor in Filinvest Two with 1,724 square meters of gross leasable area (GLA). To support the company’s continuous employee growth, BEDC decided to expand to another floor, effectively growing its GLA by 100% after barely a year of operations locally. The expansion will bring BEDC’s GLA in Filinvest Two to almost 3,500 square meters before year-end.

Ben Powles, CEO of BEDC, commented, “We really appreciate having a great relationship with FILRT and a place to continue to build our business. From 40 employees, we have increased to 400 within three years and are still growing. Everyone is proud to be here. When we have new people, they are very impressed with the vibe and the amenities of our office and wider FILRT facilities.”

The signing ceremony took place at the BEDC office in Filinvest Two, an EDGE-certified building that is 100% powered by renewable energy. The event follows the recent visit of the New Zealand Prime Minister to Northgate Cyberzone, where he lauded FILRT's sustainability initiatives and the successful establishment of BEDC's office and business operations. This partnership not only exemplifies the synergy between FILRT and its lessees but also underscores their joint efforts in generating employment opportunities within the region.

Filinvest Two is one of the seventeen (17) Grade-A office buildings in FILRT's portfolio, located in Northgate Cyberzone, Filinvest City, Alabang. As of June 2024, FILRT boasts a total of 330,448 square meters in total leasable area spanning 17 office buildings in Alabang and Cebu, and a commercial lot in Boracay.

FILRT aims to build and strengthen partnerships that drive mutual success and enhance the Philippine economy by providing premium office spaces that inspire innovation and 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 multi-awarded Crimson Resort & Spa Boracay.