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Sunday, June 16, 2024

New Zealand Prime Minister visits sustainable building in Alabang

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New Zealand Prime Minister Christopher Luxon paid a special visit to Northgate Cyberzone in Filinvest City, Alabang during his diplomatic trip to the Philippines, to commend the successful establishment of office and business operations of one of Filinvest REIT’s tenants, Auckland-headquartered Building Engineering and Design Co. Philippines Limited Inc. (BEDC).

NZ Prime Minister Luxon’s visit highlights the thriving partnership between New Zealand and the Philippines, as well as the flourishing business environment facilitated by Filinvest REIT Corp. (FILRT).

Northgate Cyberzone, located in Filinvest City, is an IT-BPO campus-style hub and a key center of productivity where majority of the 17 Grade A, sustainable office buildings under the FILRT portfolio are located including Filinvest Two, where BEDC’s operations is located.

Filinvest Two is an Excellence in Design for Greater Efficiencies (EDGE) certified building and is also 100 percent powered by renewable energy.

BEDC made its significant move to Northgate Cyberzone in March 2023, securing 1,723.55 square meters of office space.

Since then, the company has grown from 40 to 400 employees.

BEDC is set to expand by acquiring an additional 1,723.55 square meters of office space, slated for completion by August 2024.

“We are honored that the Hon. Christopher Luxon made time to visit BEDC at Northgate Cyberzone and we are deeply grateful for the trust BEDC has placed in FILRT. Their expansion plans reflect the confidence international investors have in the company as their partner in expanding their presence and operations in the Philippines,” said FILRT president and chief executive officer Maricel Brion-Lirio.

Filinvest REIT Corp. (FILRT) is the country’s first sustainability-themed real estate investment trust (REIT) backed by Filinvest Land Inc.

Its commercial portfolio consists of 17 Grade A office buildings totaling over 300,000 square meters of gross leasable area.

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