Multinational Tenants Continue to Drive Filinvest REIT's New Leases Growth

Filinvest REIT Corp. (FILRT) records a 13.3% increase in new leases in 9M24 compared to FY 2023. This is largely driven by the new lease accounts and expansions of multinational companies within Northgate Cyberzone. The proactive efforts of FILRT's management to swiftly address pre-termination challenges have spurred the arrival of new tenants, reinforcing the area’s status as a prime business hub in the South. This strategic approach continues to attract global enterprises seeking to expand within a master-planned, strategically located environment.

Recently, NASDAQ-listed EXLService Holdings, Inc., a New York-based leader in data and artificial intelligence, has strengthened its partnership with FILRT by expanding its lease with an additional 1,750 square meters.

New Zealand-based Building Engineering and Design Co. (BEDC), a top engineering and architectural solutions firm, has expanded its offices in Filinvest Two by securing an additional 1,724 square meters on another floor.

One of FILRT’s longest tenant-partners, GENPACT SERVICES LLC (Philippine Branch) (Genpact), a global professional services firm, also leased additional space in the iHub 1 Building, marking the company’s sixth expansion with FILRT. Genpact’s growing presence in Northgate Cyberzone—with over 24,400 square meters of leased space across Plaza A, Vector Two, and 5132 Buildings.

FILRT then welcomed Gear Inc., a global Business Process Outsourcing company founded in 2007 and headquartered in Singapore. This partnership is a significant milestone for both parties, as it marks Gear Inc.'s first permanent office in the Philippines. Gear Inc. will lease 1,993.10 sqm of premium office space within FILRT’s Filinvest One Building.  

Located in the prime, central area of Alabang, Muntinlupa, Northgate Cyberzone is a PEZA-accredited, campus-style development consisting of 16 Grade A office buildings that offer businesses a vibrant and well-connected workspace. 

Its proximity to residential neighborhoods, top schools, and commercial hubs fosters a balanced work-life environment, while access to a dynamic talent pool from CALABARZON supports industries seeking innovation. The area’s sustainable infrastructure includes an e-shuttle system that circulates within Filinvest City—home to Northgate Cyberzone— providing a sustainable and convenient commuting experience for employees and other stakeholders.

Furthermore, FILRT’s eco-conscious office properties use 100% renewable energy with seven EDGE-certified and two LEED-certified buildings. FILRT’s sustainability focus aligns with the sustainability goals of global brands and offers an attractive option for companies focused on reducing their environmental footprint.

FILRT’s Northgate Cyberzone embodies a modern office environment tailored to today’s business needs while championing responsible corporate practices. By prioritizing sustainability and tenant-centric solutions, FILRT is strategically positioned as an ideal business hub for global companies seeking growth and opportunities in the vibrant Philippine market.

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. 

As the future of responsible workspaces, Filinvest REIT is leading the way in sustainable real estate movement.